Investments
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 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.
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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.
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9200 WILSHIRE
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 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.
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THE RALEIGH
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
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.
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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.
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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.
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GALATAPORT
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
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.
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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.
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VK108
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.
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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.
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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.
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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.
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BODRUMBODRUM
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
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
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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