Synergy Construct, a Turkish-held constructions company, has for budgeted revenues worth 46 million euros this year, 100% higher than last year.
"The doubling of the turnover is due to the major contracts we signed in the industrial constructions and logistics sector," Savas Gunata, managing partner with Synergy Construct, told ZF.
The company was set up in 2001 and had a strong business dynamic, witnessing an increase in turnover from 2 million euros in 2002, to around 23 million euros last year.
Synergy Construct business is owned by two Turkish businessmen, Savas Gunata and Huseyin Karali who have a track record of working in the construction industry, after having worked as construction experts with Turkish firms such as Enka, in Russia and Turkey. Enka works in collaboration with Bechtel US on the Transylvania highway.
The most important projects Synergy is involved in include the industrial park of Prologis US group, where the company is going to erect the first two buildings of Prologis Park Bucharest A1, located on an area of 60,000 square metres, as well as the construction of a logistic park for the Dutch Rynart group.
Rynart logistic centre project is developed on an area of 125,000 square metres and includes 21,000 square metres of storage space, 3,000 square metres of office space, as well as 16,000 square metres of access ways and platforms. The value of the contract revolves around 15 million euros.
"The biggest contract we have managed to sign, worth around 25 million euros, is related to Prologis project, where we are a general contractor for the first two buildings of the industrial park," specifies Gunata.
Moreover, this year the company will build six branches for the Finansbank company (Cluj, Sibiu, Iasi-two, Suceava, Bucharest), with areas ranging between 70 and 270 square metres. Synergy Construct is also developing a 1,440 square metre residential project (a block of flats) in the Popa Tatu district, with the value of the project amounting one million euros, and is involved in the construction of the Floreasca Office Center , constructed on a 6,500 square metre plot.
Synergy Construct acquired a 12,000 square metre plot of land in the Straulesti lake area, as well as a 52,000 square metre industrial platform in Popesti-Leordeni.
"At present, we are only involved in construction activities, and in 2007 we are to invest around 22 million euros in the development of a residential district for the medium-luxury segment near Straulesti lake," states Gunata.
Synergy Construct owns about 50% in MET Engineering, specialists in works in the field relating to electrical, sanitary, heating, ventilation and air conditioning installations. The company has this year contracted projects worth around 11 million euros and estimates it will reach turnover worth about 20 million euros in 2006.
Synergy Construct
* A Turkish-held constructions company, set up in 2001
* Has budgeted turnover worth 46m euros for 2006, up 100% from last year amid the major contracts it signed in industrial constructions and logistics sector
* Its biggest contract, 25m euros was signed for the Prologis project
* Is set to build six Finansbank branches, handle a residential project in Popa Tatu and erect an office building, the Floreasca Office Center.
catalin.lupoaie@zf.ro
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