Macfarlanes has advised private equity real estate company BLG Capital (“BLG”) on the fundraising of BLG Turkish Real Estate Fund II (“BLG TREF II”).

The fund closed in December 2015 with total commitments of €152m[1].

BLG TREF II is already committed across three investments including a redevelopment of the city’s Galataport, a luxury residential redevelopment in the heart of Istanbul’s prime shopping and residential district and a mixed-use hospitality and luxury residential development in Bodrum, Turkey’s premier summer resort.

The Macfarlanes team was led by investment management partner Alex Amos.