Turkey

Turkey

Recent work highlights

Planning and environmental

  • Advised an oil storage company on environmental issues in connection with its potential acquisitions in Turkey (investment volume €270m+).
  • Advised an international lighting system solutions producer on various environmental issues in Turkey.

Construction and development

  • Assisted a consortium of leading Chinese, Turkish and French infrastructure contractors on the construction of a new highway in Romania under a PPP structure.
  • Advised hotel chain on its negotiations with prospective landlords to conclude hotel lease agreements for a building in a historical site and a historical building.
  • Advised worldwide student housing management company on concluding agreements with respect to the development and management of student accommodation facilities to be established in Turkey.
  • Advised an international energy company on the construction and operation of an air separation unit which will be built under a “built – operate – own” model in the site of a major Turkish steel mill production facility.

Investment and disposal

  • Advised Singapore’s sovereign wealth fund GIC Private Limited on its acquisition of a 21.4% stake in Turkish real estate company Rönesans Gayrimenkul Yatirim (Renaissance Real Estate Investments) for €250m.
  • Advisied UK private equity firm on the acquisition of a major Turkish construction company, their first investment in Turkey.
  • Advised Amstar in connection with the sale of its 50% share in three shopping centres, totalling approximately 125,000m², in Turkey to Ronesans Gayrimenkul Yatirim.

Managers and occupiers

  • Advised a multilateral financial institution on the establishment of a branch office in Turkey, including extensive negotiations with the property owner.
  • Advised an Austrian hotel management group on the lease — of a large hotel in Turkey, which they will refurbish and operate.
  • Advised a US private equity fund and its Turkish JV partner in connection with the preparation of facility management and property management agreements.

Financing

  • Advised a large infrastructure group on the financing, construction, operation and maintenance of a major Turkish highway.
  • Advised a consortium of banks consisting of a leading German bank and two major Turkish banks in connection with the refinancing of a shopping mall in Istanbul.
  • Assisted Denizbank AG and Ziraatbank with respect to the financing of the design and construction of two motorway projects by TAŞYAPI acting as the contractor in Serbia, by way of a loan extended to the Republic of Serbia.

 

Facts & Figures

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Located in Istanbul

2 real estate partners and 5 lawyers

Languages: English, Turkish, German and French

Key contacts

Contact
Döne Yalçın
Döne Yalçın
Managing Partner Turkey
T +90 212 4014260
Alican Babalioglu
Alican Babalioglu
Managing Partner
T +90 212 4014260