Turkish PE Firm BLG Eyes Italy Hotels After Exiting $2.2 Billion Port

October 24, 2024

Turkish PE Firm BLG Eyes Italy Hotels After Exiting $2.2 Billion Port

BLG Capital working on Milan hotel deals for hospitality fund. Firm sold stake in multibillion-dollar Istanbul port project.



Turkey’s BLG Capital is planning to invest in luxury real estate projects in Italy after selling its stake in a $2.2 billion Istanbul port development, as high interest rates at home push it to expand abroad.

The private equity firm, which manages around $8 billion in assets and is known for upscale restorations of historical buildings, is working on multiple Italian deals including hotel projects in Milan, Chairman Serdar Bilgili said in an interview.

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