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One of the largest Turkish contractor conglomerates, ENKA Construction, announced Thursday that its U.K. subsidiary has purchased a major commercial property in London for approximately £186 million ($248.24 million).
According to a disclosure filed with the Public Disclosure Platform (KAP), the acquisition covers the Park House office building, which spans roughly 18,000 square meters. The property is located in a prime area of the British capital and is currently leased to several high-profile tenants, including international consultancy and technology firms, it said.
After the announcement, ENKA shares on Borsa Istanbul rose by more than 1% before giving up their gains later in the session.
Recognized for its distinct curvilinear architecture, the Park House building on London’s Oxford Street comprises 39 luxury apartments, seven floors of high-spec office space, and nine double-height retail units.
ENKA said the newly acquired building is expected to contribute to its expanding real estate leasing operations abroad.
The company already owns and manages several commercial properties across Europe and Russia, in addition to its core activities in construction, energy, and engineering.
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Founded in 1957 and headquartered in Istanbul, ENKA Construction operates in more than 30 countries, delivering large-scale infrastructure, energy, and industrial projects while maintaining a strong presence in real estate development and property management.
ENKA's portfolio includes power plants, highways, airports, and commercial complexes, along with a growing number of income-generating assets across Europe, Russia, and Central Asia.
The company also ranks among the world’s top 50 construction companies, according to the Engineering News-Record (ENR) Top 250 list for 2025.
The conglomerate's chairman, Mehmet Sinan Tara, and his family rank among Türkiye’s wealthiest individuals, with an estimated fortune of $2.9 billion, according to Forbes magazine.
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