“Architecture is the learned game, correct and magnificent, of forms assembled in the light.”
01 — Company Profile
Sedesco is a diversified real estate investment, development, and asset management company with deep footprints in New York City’s prime neighborhoods.
Outside of its real estate interests, Sedesco operates a retail purchasing company that supports Gratis, Turkey’s fastest growing convenience store chain with more than 200 locations.
02 — Mission Statement
Our mission: to become the company of choice for asset management and product procurement with global standards for knowledge and execution.
However, at Sedesco, we believe healthy profit and principled action are not mutually exclusive. This is why we value collaboration over competition and why our code of conduct emphasizes integrity at every touch point—from the way we treat our fellow employees, clients, and communities to our commitment to the next generation of culturally diverse, talented workers.
Division 01 — Real Estate Development
To create long-term value, our team focuses exclusively on the identification, acquisition, and development of high quality, underperforming assets located in vibrant urban neighborhoods.
This focus, when combined with our strong vendor and contractor relationships, attention to design, and finely honed ability to orchestrate the multiple players involved in the development process, increases the probability of delivering respectable, risk-adjusted returns to our investors.
To further encourage attractive returns, we invest in both structural and ergonomic improvements, employ new technologies to reduce operating costs, and do everything possible to increase tenant satisfaction.
Division 02 — Property Management
Sedesco’s property and asset management division is a well-established and rapidly growing department with a successful track record.
In addition to sound financial management, we attribute our success to the belief that people, not bricks, are the soul of our business. It is this belief that challenges us to create clean, safe, and sustainable environments for our tenants and prompts us to continuously assess each property for possible improvements. This meticulous care leads to a higher than average retention rate of tenants, which in turn, positively impacts on revenue streams.
Division 03 — Sourcing & Business Development
The primary mission of Sedesco's New York City based Sourcing and Business Development Division is to support the needs of sales and marketing distribution in Turkey. At present, Sedesco supplies consumer goods, personal care, household, and baby products, as well as snacks and accessories to retail stores operating under the name Gratis.
Since opening their doors in Istanbul in July 2009, Gratis has become one of Turkey’s fastest growing retail enterprises. Found on the city’s most upscale streets and shopping malls, and measuring approximately 300 square meters (3,300 square feet), Gratis is found in 40 cities and more than 200 locations.
Operating from Sedesco’s New York headquarters, the team travels worldwide looking for products not readily found in the Turkish marketplace, as well as aggressively developing private label programs for Gratis. The division welcomes inquires from companies interested in supplying consumer products to our companies.
Demir Sabanci started his business career in Japan at Toyota City in 1993 working in various executive positions with Mitsui & Co. as well as Toyota Motor Corporation. This was followed by similar roles at the Toyota Motor Sales in the United States. In 1996, he joined Sabanci Holding as a Board Member and three years later, founded Teknosa, the pioneer electronics retail chain in Turkey.
Between 1999-2004, Mr. Sabanci held various executive positions in Sabanci Holdings while serving as the President of the Retail Strategic Business Unit that is composed of Carrefoursa, Diasa, and Teknosa. Between 2000 and 2004, he served as founding shareholder and first General Manager and Chairman of Teknosa. In 2002, he also founded Sedes Holding where he is currently the President and Chairman of the Board of Directors. He is also is a founding shareholder and Board Member of Odesa, Döysa VIP Aviation, and Gratis.
Mr. Sabanci holds a double major in Economics and International Relations from Boston University. He holds two Masters of Business degrees, one from Cornell University’s Johnson Graduate School of Management and the other from Carnegie Mellon University in Global Business Administration.
Mr. Sabanci is an active philanthropist with organizations such as the Turkish Health & Education Foundation (SEV).
Mr. Sabanci is also an Advisory Council Member for Cornell University’s Johnson Business School supporting the development of the new Cornell Tech Campus.
Mr. Gilchrist is involved in all aspects of Sedesco’s operations, ranging from acquisitions and development to leasing and management. Active in civic and philanthropic affairs, he co-founded and serves on the board of the Fibrolamellar Cancer Foundation as well as the board of Cross Cultural Care.
At Sedesco, Mr. Lachman is responsible for overseeing the organization’s ongoing operations and procedures, and ensuring the goals are aligned with the company’s plan for growth and expansion. He holds an MBA in Finance and Economics and is a Certified Public Accountant.
Mr. Murn is the Chief Financial Officer at Sedesco, where he plans, develops, organizes, implements, directs and evaluates the company’s performance. He is responsible for the financial performance of the company ensuring that the long term operational goals, budgets and forecasts are aligned with the company’s plan for growth and expansion. Prior to Sedesco Inc., Mr. Murn worked for 14 years as an auditor.
34 East 51 Street
New York, New York 10022
P. 212 317 2600
F. 212 317 0300