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Kerim Cin | Colliers | Istanbul

Kerim Cin

Managing Partner | Turkey

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About

Professional Summary

I have been managing Colliers International in Turkey for the past 15 years, in the capacity of Managing Partner. 

My main emphasis during this period; along with the general management of the company, was directing the agency and brokerage services for commercial real estate, helping clients in projects totalling to over a million square meters of leased and sold space. 

Prior to the role of Managing Partner, I have been directing the real estate valuation & advisory services, between 2000 and 2004, creating a reference portfolio of over 30 million square meters valued or analyzed, including offices, retail, residential, hotels, and mix-use projects.

I am also one of the founders of Colliers International in Turkey. 

Accomplishments

In February 2014, our office brokerage team successfully completed the leasing of a 60,000 square meters A class office building in Istanbul, which is the largest one time office transaction ever recorded in Turkey. The deal involved Denizbank, one of the leading financial institutions in Turkey as a tenant,  and Torunlar REIT, one of the largest commercial real estate investors and developers, as the landlord. 

During 2010 and 2011, our office brokerage team successfully completed the leasing of Akkom Office Park, an A class business park with over 60,000 square meters in leasable office space in Istanbul. This was a unique and first time leasing assignment ever granted exclusively to an agent for a business park in Turkey. 

In 2010, our industrial brokerage team, on behalf of Cummins, successfully completed the acqusition of 100,000 sq.m. of manufacturing land, in Izmir, to build their new diesel generator and exhaust systems manufacturing plant.  Main challenge for this task was to first assist Cummins in selecting Turkey as the location of their new plant, which is a success story, due to its impact to local economy, told by newspapers in Turkey.

 

Education

In 2000, I have attended and successfully completed, with a certificate, courses on real estate valuation techniques at the Ameri­can Appraisal Institute, in Denver, Colorado.

 

In 1995, I have graduated from Loyola Marymount University in California, with a Bachelor’s Degree in Business Ad­ministration and Finance. 

 

Memberships & Involvements

GYODER

Clients

Philip Morris, Allianz,  Kimberly Clark, Tahincioğlu RE,  Faurecia, Orange Business Services, Beckman Coulter 

Services

Service Lines

Corporate Solutions, Landlord Representation

Property Type

Office

Featured Research

28 Jul 2021

Turkey Real Estate Review / 2021 First Half

Compared to the pre-COVID-19 period, with the measures taken, the average staff density in offices is around 25%. While this situation caused an increase in vacancy rates in the second half of 2020, the rise in vacancy rates lost acceleration in the first half of 2021. In the first half of 2021
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27 Apr 2021

2021 Newsletter Spring/Summer

Companies have transitioned their employees to rotational working schemes alternating between home and office working practices. We do not forecast a rapid return to office working in the short term. Our view is that even after the pandemic has been brought under control or in the immediate post-pandemic period, remote working is set to continue at a rate of at least 40%.
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5 Jan 2021

GYODER and Colliers International Issued Turkey Real Estate Report - 2020

On this report, we have conducted a comparative analysis of the Istanbul market with the other major cities in terms of investment yields relating to different real estate sub-sectors over the past years. Istanbul has promised higher returns for the commercial real estate market in post-pandemic period.
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Featured News

5 Jan 2021

GYODER and Colliers International Issued Turkey Real Estate Report - 2020

We have the pleasure of introducing to you our research on the Turkish real estate market. You may find in-depth market research of the industrial and logistics market in The Greater Istanbul Area as well as the impacts of “Silk Road Project” to the Turkish logistics market on this report.
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8 Sep 2020

Reinventing Retail in the Age of COVID-19: Maximizing Landlord and Tenant Partnership Opportunities

Before the COVID-19 pandemic hit, the brick and mortar retail industry was already trying to keep up with rapidly changing consumer needs and growing digital competition. Any challenges were amplified once the pandemic took hold and every market had to reckon with its greatest, and newest, upheaval. To better manage these challenges and develop quick and effective solutions, landlords partnered with retail tenants and have since experimented with concepts and innovations that are fast becoming a permanent fixture in the industry’s survival toolbox.
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