Kaan Yücel, Executive Board Member Responsible for Operations at Polat Real Estate, Achieves Significant International Success as the Only Turkish Leader Selected for the “Top 50 Most Influential Real Estate Leaders in Hungary” List by Budapest Business Journal

Polat continues its real estate investments in Turkey and abroad without slowing down. Recognized for his visionary leadership in the sector and his commitment to sustainable projects, Kaan Yücel, Executive Board Member Responsible for Operations at Polat Real Estate, has drawn international attention with his successful leadership in the company’s investment initiatives in Hungary. As of 2025, Polat’s investments in Hungary have exceeded 610 million euros. Polat’s modern projects in Hungary, designed in harmony with the city’s fabric, have garnered great interest both from Hungarians and people around the world.

Kaan Yücel, Executive Board Member Responsible for Operations at Polat Real Estate, stated:
 “As Polat, we have been playing a pioneering role in the real estate sector for more than 70 years with our brand that adds value to the industry in Turkey. Our first project abroad is Duna Pearl, our award-winning mixed-use project in Budapest, Hungary’s capital, with a total investment value of 123 million euros, consisting of residences, a hotel, and retail units. We have completed our project and delivered it to its new residents. Duna Pearl consists of 193 residences, a Four Points By Sheraton Hotel with 103 rooms, and 12 retail units.

Another project we are developing in Budapest in partnership with Özaltın Holding and Nurol Holding is City Pearl, whose first phase was completed and delivered in 2024. The project consists of 1,800 residences and the Grand Piazza, which will offer an open-air shopping experience.

Our Seven Pearl project, which we started construction on this year, is located on Dohány Street, one of the most central and bustling streets of Budapest, and is being developed with an investment of approximately 85 million euros,” he said.

Highlighting the value of the Hungarian projects for Polat in terms of both operational structure and investment returns, Yücel continued:
 “Hungary is an extremely valuable experience for us. In Hungary, we have not only successfully carried out projects but also gained extensive knowledge about project development dynamics in Europe. We now aim to bring this experience to various metropolises across the continent. For some time, we have been carefully analyzing potential investment areas in cities such as Hamburg, Berlin, and Athens. In line with our 2025 vision, we aim to launch a new project in one of these cities.”

Budapest Business Journal, Hungary’s most established and prestigious business publication, provides independent and in-depth analyses for local and international investors. With this annually published list, it honors leaders and companies that shape the Hungarian business world.