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 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

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.

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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.

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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 Mandarin Oriental Residences in Beverly Hills, while retaining its share in any future profits derived from Mandarin Oriental Residences in Beverly Hills.

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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.

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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.

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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.

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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.

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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

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.

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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 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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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.

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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

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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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.

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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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