Turkish real estate company Marti Gayrimenkul Yatirim Ortakligi AS said Friday it will hold an initial public offering in 2010.



In a press statement, the company said it has authorized Oyak Securities to start studies for the IPO process.



Marti Gayrimenkul Yatirim aims to sell a minimum 46% stake in the IPO, the statement said. The company expects to complete the process in mid-April, it added.



Marti Gayrimenkul is a subsidiary of Marti Group, one of the leading brands in Turkey's tourism industry.