Backed by global institutional investors, BLG Capital started investing in the Turkish real estate market with the main mission of creating substantial value-add in the underdeveloped, underpenetrated and underserved local high-quality asset market. BLG Capital’s highly institutionalized platform, one of the first of its kind in Turkey, is well-supported by an experienced, vertically integrated local team. BLG’s principal focus is on hospitality, high-end residential, student accommodation, office, and mixed-use real estate assets.
Harnessing its extensive real-estate knowledge and global market relationships, BLG Capital made its first investment overseas in 2018 in New York and extended its investment portfolio through opportunistic development projects in South Beach Miami and Beverly Hills, and core office projects in New York’s Fifth Avenue and Broadway.
BLG Capital continues to utilize its global market experience and international relationships of its investment professionals to constantly monitor international trends and conduct detailed market research to identify the most attractive investment opportunities in the globe.
711 FIFTH AVENUE
Built in 1927 and comprising of more than 350,000 SF of Class A retail and office areas, the building is located at the heart of New York’s world-renowned Fifth Avenue, only steps away from major attractions such as the Billionaire’s Row and Central Park, and is surrounded by the most prestigious hotels and flagship retail stores of luxury brands in the world.
In 2021, BLG sold its interests and no longer has a management role in 711 Fifth Avenue, while retaining its share in any future profits derived from 711 Fifth Avenue.Learn More
530 BROADWAY AVENUE
Built in 1898, the 11-story building is an icon situated on the corner of Broadway and Spring Street, one of the highest trafficked intersections in New York City. With its prominent location at the heart of SoHo’s Cast Iron Historic District, the property has been attracting a variety of well-known, high-quality tenants.
In 2021, BLG sold its interests and no longer has a management role in 530 Broadway, while retaining its share in any future profits derived from 530 Broadway.Learn More
The project encompasses an area over 300,000 sqf and will consist of 54 luxury residential units in addition to two ground level commercial units.
In 2021, BLG sold its interests and no longer has a management role in 9200 Wilshire, while retaining its share in any future profits derived from 9200 Wilshire.Learn More
MANDARIN ORIENTAL FIFTH AVENUE
Mandarin Oriental Residences at 685 5th Avenue is being developed in an iconic 1920's building, steps away from Central Park and the neighborhood’s renowned luxury shopping, museums and fine dining choices.
In 2021, BLG sold its interests and no longer has a management role in 685 Fifth Avenue, while retaining its share in any future profits derived from 685 Fifth Avenue.Learn More
The 83-room hotel is an icon of South Beach art deco, known especially for its ornate beachside swimming pool, which LIFE Magazine called “the most beautiful pool in America” in 1947.
In 2021, BLG sold its interests and no longer has a management role in The Raleigh, while retaining its share in any future profits derived from The Raleigh.Learn More
Having been a successful ambassador of the iconic Art Deco style for more than 70 years, The Richmond is a historical, oceanfront, 92- key property located in Miami’s renowned South Beach district. The Richmond, together the Raleigh and South Seas, will become part of a mixed-use project that will offer unparalleled amenities and comfort to the visitors and residents of Miami alike.
In 2021, BLG sold its interests and no longer has a management role in The Richmond, while retaining its share in any future profits derived from The Richmond.Learn More
THE SOUTH SEAS
This four-story, oceanfront landmark hotel is located at the heart of South Beach, right next to the Richmond. It encompasses an area of over 100,000 sqf with 118 rooms. Designed in the iconic Art Deco style in 1940s and part of the mixed-use project together with the Raleigh and Richmond, South Seas continues to offer truly memorable experiences to its guests at one of the most prime destinations in the United States’ second most visited city.
In 2021, BLG sold its interests and no longer has a management role in The South Seas, while retaining its share in any future profits derived from The South Seas.Learn More
THE PENINSULA ISTANBUL
As part of the Galataport project that will include a promenade, museums and art galleries, restaurants, boutiques, and a cruise ship port, the hotel is located in Istanbul’s historic Karakoy district and is within walking distance to many of Istanbul’s historic landmarks.Learn More
The redevelopment project encompasses c. 370,000 sqm of development area within the most historic and up-and-coming neighborhoods of Istanbul.Learn More
SOHO HOUSE ISTANBUL
The project consists of a private membership club, 87 room luxury lifestyle hotel, internationally acclaimed Cecconi’s restaurant, Cowshed spa, high street frontage with direct access restaurant and car parking facilities. The hotel, private membership club, Cecconi’s and Cowshed Spa are operated by Soho House Group Ltd.Learn More
REPUBLIKA ACADEMIC APARTS
Republika is one of the largest private student accommodation platforms in Istanbul offering high-end accommodation facilities with c. 2,250 beds across four properties in Ortakoy, Cakmakli, Florya and Maslak.Learn More
THE RITZ-CARLTON RESIDENCES, ISTANBUL
The project encompasses total closed area of c. 40,000 sqm which includes retail and office areas as well as 121 for-sale residential units with 24/7 reception and concierge service, fitness and spa areas along with car parking facilities.Learn More
With a distinctive style that reflects both contemporary and Ottoman design, W Istanbul is located at the heart of the Akaretler Row Houses, bringing together the dynamism of modern life with the city’s historical underpinnings.Learn More
AKARETLER ROW HOUSES
After careful research into their cultural and historical significance and structure, the Row Houses were authentically restored in Akaretler, one of the most distinguished and historic districts of Istanbul.Learn More
BH CONFERENCE & AIRPORT HOTEL, ISTANBUL
BH Conference & Airport Hotel Istanbul is offering 326 rooms and suites, including spacious Duplex Junior Suites and Executive Suites for family groups and business colleagues. BH Conference & Airport Hotel, Istanbul offers offers services to various organizations, from international conferences to private events within its 20 meeting rooms.Learn More
Bearing the signature of Turkey’s leading architects and designers—among them Arif Ozden, Sinan Izgi and Tanju Ozelgin—BodrumBodrum embraces its natural geographical surroundings and distinguishes itself with a design concept juxtaposing wood and stone.Learn More
One Ortaköy has come to the forefront of the conversation around architecture in Istanbul as a symbolic building that embraces a unique design and style.Learn More
Designed by Izgi Mimarlık to offer both function and aesthetic appeal, West Blocks’ fascinating architecture and structure connects it seamlessly with nature, even from its urban locale.Learn More