Rönesans Holding
Rönesans Holding is a Turkish contracting and investment group active in construction, real estate, energy, industrial facilities, infrastructure and healthcare.
Last updated August 31, 2026
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Overview
Rönesans Holding is a Turkey-based contracting and investment group founded in 1993 by Erman Ilıcak and headquartered in Ankara. Its business model combines large-scale construction contracting with investment, development and, in some cases, the operation or management of the assets it helps create. The group works across construction, real estate, energy generation, industrial facilities, infrastructure and healthcare, with activities extending across Asia, Europe and Africa. Construction is the central activity associated with the group. Through its construction companies, Rönesans undertakes projects as a main contractor and investor. Its stated project scope includes shopping malls, office buildings, hotels, residences, composite structures, heavy-industry plants, infrastructure facilities, light-production facilities, factories, government buildings and energy plants. This breadth places the company in both private-sector development and public or industrial infrastructure markets. The group’s construction operations include specialized units for industrial facilities, infrastructure, medical construction, technical construction and regional contracting activities. Rönesans also maintains a real estate platform through companies involved in property development and investment. This area covers commercial and mixed-use assets such as retail, office, hospitality and residential projects, as well as larger urban development initiatives. The group’s healthcare investment activities are represented separately within its organization, reflecting a focus on healthcare infrastructure and related facilities rather than construction alone. Energy is another principal business area. Rönesans companies operate in energy generation and electricity wholesale, giving the group a role in both the development of energy assets and the commercial side of electricity supply. Its portfolio therefore spans physical infrastructure, investment and operating activities rather than being limited to fee-based construction services. The group’s international profile is supported by contracting operations in numerous countries. Reference material describes Rönesans as contracting in 30 countries globally and identifies Rönesans Construction as one of the world’s largest construction companies by ENR ranking, while also placing it among Europe’s leading contractors. These rankings are measures of the construction business rather than a statement that the holding company itself is publicly listed. Rönesans Holding is presented as a privately controlled group, and no stock ticker is identified. Leadership has included founder Erman Ilıcak and board chair İpek Ilıcak Kayaalp. The group is organized around construction, real estate and energy companies, including Ballast Nedam in the construction division and several Turkish operating subsidiaries. Its positioning is that of an integrated engineering, construction, investment and asset-development platform able to participate across the full life cycle of major buildings and infrastructure: planning and construction, investment, and in selected projects ongoing management. Available reference material does not provide a detailed chronology of individual projects, financial results, campaign activity or controversies, so those parts of the record remain limited.
History
Rönesans Holding was established in 1993 by Erman Ilıcak in Turkey. From its base in Ankara, the company developed as a contracting and investment group rather than as a narrowly focused building contractor. Its activities came to encompass construction, property development, energy, industrial facilities, infrastructure and healthcare. Construction remains the foundation of the group’s operating structure. Rönesans companies deliver projects as main contractor and investor, covering a broad range of asset types. These include shopping malls, offices, hotels, residences, composite structures, heavy-industry plants, infrastructure facilities, light-production facilities, factories, government buildings and energy plants. In selected projects, the group also assumes a management role after construction, extending its involvement beyond the delivery of physical works. The construction organization includes companies focused on general contracting, industrial facilities, infrastructure, medical construction, technical construction and regional operations. The group’s international reach includes Asia, Europe and Africa, and reference material states that it contracts in 30 countries. Ballast Nedam is identified among the group’s construction-related companies. ENR-related reference material describes Rönesans Construction as one of the world’s largest construction companies and as the ninth-largest contracting company in Europe, although the precise ranking can vary by reporting year and methodology. Alongside contracting, Rönesans established a real estate platform covering development and investment. Its property-related activities include commercial and mixed-use assets, with the group’s stated project categories encompassing retail, offices, hotels and residences. A separate healthcare investment structure reflects the group’s participation in healthcare facilities and related infrastructure. Energy became another core operating area through companies involved in power generation and electricity wholesale. This gives the group exposure to the development and operation of energy assets as well as to electricity-market activities. The resulting structure links engineering and construction capabilities with ownership, investment and operation of selected assets. The available reference record identifies Erman Ilıcak as the founder and İpek Ilıcak Kayaalp as chair of the board. It does not provide a detailed year-by-year account of individual projects, acquisitions, financial performance or public controversies. Consequently, the documented history is strongest at the level of corporate formation, sector expansion, international contracting and organizational structure.
- 1993
Rönesans Holding is founded
[1]Erman Ilıcak establishes Rönesans Holding in Turkey, creating the foundation for the group’s later construction and investment activities.
Products and positioning
An integrated Turkish construction and investment group combining international contracting with real estate, energy, industrial and healthcare development.
Construction services
Construction contracting
Rönesans delivers large-scale projects as a main contractor and investor. Its stated construction scope includes shopping malls, office buildings, hotels, residences, composite structures, factories, government buildings and other major building types. The group also maintains specialized construction businesses for industrial facilities, infrastructure, medical projects and technical works. In some developments, its involvement continues into building management.
Industrial construction
Industrial and energy facilities
The group constructs heavy-industry plants, light-production facilities, factories and energy plants. These projects connect Rönesans’s engineering and contracting capabilities with industrial investment and infrastructure development. The available material does not identify a single standardized product line; the offering is project-based and tailored to the requirements of each industrial or energy asset.
Real estate
Real estate development and investment
Rönesans’s real estate companies develop and invest in commercial, residential, hospitality and mixed-use properties. The portfolio described in reference material includes shopping malls, offices, hotels and residences. This business complements the group’s construction operations by allowing it to participate as an investor or developer as well as a contractor.
Healthcare infrastructure
Healthcare infrastructure investment
Healthcare construction and investment are represented within the group through dedicated companies and activities. The offering centers on the delivery and investment of healthcare-related facilities and infrastructure. Available sources do not provide a complete list of facilities or a separate consumer-facing healthcare brand.
Energy
Energy generation and electricity wholesale
Rönesans operates energy businesses covering power generation and electricity wholesale. These activities broaden the group beyond construction by adding energy-asset investment and electricity-market operations. The supplied reference material does not specify the generation portfolio, capacity or individual plant names.
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