Torunlar Gayrimenkul Yatirim Ortakligi AS, a member of the Torun Group companies, is a Turkey-based company active in the real estate development sector. The Company is engaged in the development of houses, offices and entertainment facilities such as shopping malls. The projects that the Company has completed include Zafer Plaza shopping mall in Bursa, Nishistanbul mixed-use development in Istanbul, Netsel Marina in Marmaris, Deepo Outlet Center in Antalya, Ankamall and Crown Plaza Hotel in Ankara, and Korupark Shopping Mall in Bursa. It is expecting to complete its Mall of Istanbul project in 2013 and Bulvar Samsun Shopping Mall project in 2012. Its subsidiaries include Toray Insaat Danis Yapi Adi Ortakligi (Toray Danis), which is engaged in the construction and contracting sector, and TRN Alisveris Merkezleri Yatirim ve Yonetim A.S. (TRN), which is engaged in real estate project development and management.