BLG Capital has sold its interests in Galataport Istanbul and The Peninsula Istanbul to Dogus Group, marking the successful culmination of a transformative real estate development in Istanbul.

Target Information

BLG Capital has successfully completed the sale of its interest in Galataport Istanbul and The Peninsula Istanbul to Dogus Group. This transaction marks a significant milestone, capping off BLG’s successful development and transformation of Istanbul's Karaköy waterfront into a renowned mixed-use commercial and travel destination.

The Peninsula Istanbul is celebrated for its commitment to sustainability and innovative design, evidenced by its achievements in obtaining both Leadership in Energy and Environmental Design (LEED) Platinum and Building Research Establishment Environmental Assessment Method (BREEAM) certifications. These awards highlight the properties' exemplary environmental standards and commitment to excellence.

Industry Overview

The real estate industry in Turkey, particularly in Istanbul, has been experiencing a renaissance in recent years. The government's initiatives to promote foreign investment, coupled with increased urban