Investments

BLG Capital manages real estate private equity funds and other investment vehicles with a primary focus on making opportunistic investments in real estate assets and companies with underlying real state assets predominantly in Turkey and the U.S.

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 with the acquisition of 685 5th Avenue, which has later been branded as the Mandarin Oriental Residences New York. Since then, other major investments in the U.S. such as 711 5th Avenue, The Raleigh Hotel and 9200 Wilshire have rapidly followed.

711 5TH AVENUE OFFICE BUILDING

BLG Capital acquired the 711 5th Avenue Office Building in September 2019 for $955mn

Named after the Coca-Cola Company, who owned the property for more than 35 years prior to BLG’s acquisition, 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.

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9200 WILSHIRE BEVERLY HILLS

9200 Wilshire is a ground-up development of a 7 story luxury for sale residential project in the world famous Beverly Hills neighborhood.

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.

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MANDARIN ORIENTAL NEW YORK

BLG Capital acquired the 685 5th Avenue property located on 54th Street in July 2018 for $135mn and branded the luxury project under the Mandarin Oriental brand.

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.

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THE RALEIGH HOTEL

The Raleigh Hotel is a famous historic building located in South Beach, Miami.

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.

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THE RICHMOND HOTEL

The Richmond Hotel is located in the heart of Miami Beach's Art Deco District, located between the Raleigh and South Seas Hotels.

Having been a successful ambassador of the iconic Art Deco style for more than 70 years, The Richmond Hotel is a historical, oceanfront, 92- key property located in Miami’s renowned South Beach district.

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THE SOUTH SEAS HOTEL

The South Seas Hotel is located on the famed Collins Avenue in Miami and has been an iconic part of the renowned Art Deco Historic District since the early 1940s.

This four-story, oceanfront landmark hotel is located at the heart of South Beach, right next to the Richmond Hotel. It encompasses an area of over 100,000 sqf with 118 rooms.

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THE PENINSULA ISTANBUL

The Peninsula Istanbul will be the first Peninsula hotel in Turkey.

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.

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GALATAPORT

Galataport is Istanbul’s only passenger cruise ship terminal located in one of the most historic and central neighborhoods of Istanbul.

The redevelopment project encompasses c. 370,000 sqm of development area within the most historic and up-and-coming neighborhoods of Istanbul.

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SOHO HOUSE ISTANBUL

Soho House Istanbul project is a redevelopment of a historic 19th century Palazzo into a mixed-use scheme in the city-center Beyoglu district.

The project consists of a private membership club, luxury lifestyle hotel, internationally acclaimed Cecconi’s restaurant, Cowshed spa, high street frontage with direct access restaurant and car parking facilities.

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REPUBLIKA ACADEMIC APARTS

Republika Academic Aparts is the first institutional student accommodation platform in Turkey.

Republika is one of the largest private student accommodation platform in Istanbul offering high-end accommodation facilities with c. 1,500 beds across three properties.

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VK108

VK108 is a redevelopment of an existing building into a luxury for-sale residential project located in the prime city-center and residential Nisantasi neighborhood.

The project encompasses total close area of c. 39,000 sqm which includes 121 for-sale units, 24/7 reception and concierge service, fitness and spa areas as well as car parking facilities.

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W ISTANBUL

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.

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.

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AKARETLER ROW HOUSES

Designed by Sarkis Balyan in 1875, the Akaretler Row Houses were built by Sultan Abdulaziz to accommodate the most prominent and high-ranking officials of Dolmabahce Palace.

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.

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RADISSON BLU CONFERENCE & AIRPORT HOTEL

The Radisson Blu Conference & Airport Hotel, a five-star international property, as the first airport hotel in Turkey has offered 326 rooms to leisure and business travelers alike since 1999.

Managed by the Rezidor Hotel Group, the Radisson Blu Conference & Airport Hotel Istanbul offers services to various organizations, from international conferences to private events.

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BODRUMBODRUM

With its ideal location and unique architectural design, BodrumBodrum is an exclusive project that encourages residents to get in touch with nature at Yalikavak Tilkicik Bay.

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.

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ONE ORTAKOY

Located on a hillside in the Ortaköy district of Istanbul, One Ortaköy boasts an iconic design that bears the signature of architect Gokhan Avcioglu.

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.

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WEST BLOCKS

Offering a unique view of its surroundings, West Blocks is located along Buyukcekmece Pond in one of the most rapidly developing areas in Istanbul.

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.

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