investments in Turkey and the US
ABOUT BLG CAPITAL
Backed by global institutional investors, BLG Capital manages real estate private equity funds and other investment vehicles with a primary focus on making opportunistic investments in hospitality, high-end residential, office, mixed-use and student accommodation assets in Turkey and major U.S. gateway cities such as New York, Los Angeles and Miami.
Having reached $2.4Bn total equity committed and surpassed $5.5Bn assets under management, BLG Capital’s highly institutionalized investment platform is well-supported by an experienced, vertically integrated team with significant global real estate expertise.
INVESTMENTS
711 FIFTH AVENUE
BLG Capital and its partners acquired the 711 5th Avenue in September 2019 for $955mn
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.
530 BROADWAY AVENUE
530 Broadway Avenue is a landmark commercial building located in Manhattan’s lively and dynamic SoHo neighborhood consisting of 174,000 SF of loft-style creative office space and 25,000 SF of ground-floor retail space
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.
MANDARIN ORIENTAL RESIDENCES, BEVERLY HILLS
Mandarin Oriental Residences in Beverly Hills 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. 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.
MANDARIN ORIENTAL RESIDENCES, FIFTH AVENUE
BLG Capital and its partners 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. 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.
THE RALEIGH
The Raleigh 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. 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.
THE RICHMOND
The Richmond is located in the heart of Miami Beach’s Art Deco District, located between the Raleigh and South Seas.
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.
THE SOUTH SEAS
The South Seas 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. 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.
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.
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.
SOHO HOUSE ISTANBUL
The Soho House Istanbul project is a redevelopment of a prime, Istanbul city center historic 19th century Palazzo that was previously the U.S. Government’s Consulate General of Istanbul into a mixed-use scheme.
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.
REPUBLIKA ACADEMIC APARTS
Republika Academic Aparts is the first institutional student accommodation platform in Turkey.
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.
THE RITZ-CARLTON RESIDENCES, ISTANBUL
The Ritz-Carlton Residences, Istanbul located in the city’s prime residential center, Nisantasi neighborhood, is the first residence project in Europe to offer Ritz-Carlton’s signature comfort and services.
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.
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.
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.
BH CONFERENCE & AIRPORT HOTEL, ISTANBUL
BH Conference & Airport Hotel Istanbul is just 7 km from the city center at Bakırköy, about 26 km from the city centers at Beşiktaş/Taksim, 38 km from Istanbul Airport and 2 km from Atatürk Airport.
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.
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.
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.
