BLG Capital has successfully exited its investment in Galataport Istanbul, a transformative $2.2 billion mixed-use project, selling its stake to partner Dogus Group.

Information on the Target

Galataport Istanbul represents an iconic, mixed-use commercial development on a 1.3-kilometer stretch of the Bosphorus waterfront in the Karaköy district of Istanbul. With an overall valuation of $2.2 billion, the project has been pivotal in redefining urban space along one of the world's most famous waterways. BLG Capital successfully sold its stake in this groundbreaking project to its partner, Dogus Group.

The Galataport development emerged from a successful partnership between BLG and Dogus Group, who won the bid in 2013. Following substantial investment and innovative design, operations at Galataport commenced in October 2021. The project includes over five million square feet of development housing high-street retail, class-A office space, the exclusive Istanbul cruise port terminal, and notable establishments such as the Peninsula Istanbul Hotel and the Istanbul Museum of Modern Art.

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