Firms in the Spotlight Real estate and construction
Real estate and construction in Turkey
Abcoo Law Firm advises on joint ventures, sale and purchase agreements, and lease agreements. It also handles zoning and planning and commercial and residential developments. In a recent highlight, the practice acted for Peninsula Emlak Yatırım A.Ş. on the Süleymaniye Renewal Project in Istanbul. Hasan Çağlayan, Murat Aygün and Berk Batur jointly head the team. Beril Hepagir is also recommended.
‘Quick response, customer-friendly approach.’
‘Strong sense of business understanding and a strategic way of thinking.’
- Advised Peninsula Emlak Yatırım A.Ş. on drafting contracts with sub-contractors for the Suleymaniye Renewal Project in Istanbul.
- Advised Taşyakan İnşaat Sanayi on a collective building-management plan regarding a mixed-use construction project in Bursa valued at €100m.
- Advised Eczacıbaşı on the construction of residential and commercial units in Istanbul.
Goksu Safi Isik Attorney Partnership handles major infrastructure construction such as airports, motorways, energy projects and urban renewal projects. The practice is currently advising on the construction of Istanbul Airport, and on the related construction of the Airport City project. Ali Göksu is the key name.
Cengiz Enerji Sanayii ve Ticaret Anonim Şirketi
Hanwha Kalyon Güneş Teknolojileri Üretim A.Ş.
Karadeniz Garanti Biyokütle Enerji Tesisleri Sanayi ve Ticaret Limited Şirketi
- Advised on the second phase of constructing the new Istanbul airport through a PPP build-operate-transfer contract.
- Handled real estate sales and lease agreements for the Istanbul new airport.
- Advised Hanwha Kalyon Güneş Teknolojileri Üretim A.Ş. on EPC contracts for the construction of a photovoltaic solar module factory.
Hergüner Bilgen Özeke’s dedicated real estate practice group advises on dispute resolution, rental agreements, financing, development and construction, investment funds and asset management. Serkan Gül and Nazım O. Kurt lead the team, which recently advised Multi on zoning problems and development issues related to its shopping centres. Other clients include Union Investment Real Estate and Metro Properties.
‘Their experience and vision is impressive.’
South Stream Transport B.V. (“SSTTBV”)
EPM Gayrimenkul Tic. Ltd. Şti
Pramerica Real Estate (PGIM)
Extensa Istanbul Emlak Yatırım İşaat ve Tic. A.Ş
Metro Properties Gayrimenkul Yatırım A.Ş. (Metro Properties)
Union Investment Real Estate GmbH
Dubai Ports World Yarımca Liman İşletmeleri A.Ş. (DP World)
The Baku-Tbilisi-Ceyhan (BTC) Pipeline Company
- Assisted TMF Services, an accounting and secretarial company, with a housing and healthcare project, Bio Istanbul.
- Advised a real estate investment fund, founded by İş Portföy Real Estate Investment Fund, on the purchase of an office building.
- Represented İpek İnşaat, a construction company, in a dispute over rent initiated by the client’s tenant.
ARIKAN | PARTNERS ILC advises on real estate transactions and construction projects such as industrial sites, public and private facilities, high-rise commercial office buildings, hotels and premium malls. Nazlı Arıkan leads the practice with Onur Ozalp. Recent highlights include advising Eczacıbaşı Holding A.Ş. on the construction of the Istanbul Modern Museum within the Galataport project.
‘The team is knowledgeable and hard-working.’
Eczacıbaşı Holding A.Ş.
Al Ghurair Investment LLC
Plato Madencilik İnşaat Turizm Çimento San. Ve Tic. A.Ş.
Düzce Cam Sanayi ve Ticaret A.Ş.
Dekoral Alüminyum Sanayi ve Ticaret A.Ş.
Mr. Selim Koray
Koray Group of Companies
Gemak Gemi İnşaat San. Ve Tic. A.Ş.
- Advised Eczacıbaşı Holding on the Galataport project in Istanbul, a port and city construction project, including the Istanbul Modern Museum.
- Assisted the NEF Group with a joint real estate project with IS-GYO A. S., the real estate division of Isbank.
- Advised Al Ghurair Investment LLC on the construction of a cement factory.
Balcıoğlu Selçuk Ardıyok Keki handles real estate leasing, project finance, acquisition and disposals, construction and investment and real estate-related disputes. Other areas of expertise include commercial development, zoning, public-private partnerships and the hotels and leisure sector. Barlas Balcioğlu heads the practice. The team assisted Turkven with real estate regulatory matters relating to the acquisition of two cinema-operating companies.
Bainbridge Holding A.S.
Yemeksepeti (Turkish subsidiary of Delivery Hero)
Thomas Cook GmbH
Nevzat Aydın (Private person)
Coca-Cola Meşrubat Pazarlama ve Danışmanlık Hizmetleri A.Ş.
Ocean Network Express
- Acted for Bainbridge Holding on the potential sale of its shopping centres in Bursa and Mersin, and in a lawsuit initiated over new zoning plans for the client’s Mersin shopping centre.
- Advised Nevzat Aydin, the founder of online food delivery company Yemeksepeti, on his purchase of offices in Istanbul.
Esin Attorney Partnership, Member of Baker & McKenzie International advises on construction, lease agreements, regulatory matters, real estate-related M&A deals and hotel projects, and has particular expertise in the hotels, leisure and tourism sectors. Birtürk Aydın heads the team. In a recent highlight, the practice reviewed and negotiated the operating agreement for student housing for Maryapı.
Marriott Hotel (Global Hospitality Licensing S.A R.L.)
Nusret Gökçe, Nusmit Yiyecek Icecek Gida Pazarlama Tic. A.S
Astaş Holding A.Ş
Daniel Wellington Turkey Saatleri Ltd. Şti.
Mar Yapı Turizm İnşaat San ve Tic A.Ş.
- Acted for Nusret on the acquisition of the Park Hyatt Istanbul – Macka Palas hotel.
- Advised Astaş Holding on a real estate development project in Balmumcu, Istanbul, awarded through a public tender.
- Advised Maryapı, a real estate developer, on structuring a student housing project with Republika Academic Aparts, Bilgili Holding’s subsidiary.
Kolcuoglu Demirkan Koçakli advises on sale and purchase agreements, zoning law, construction agreements and building permits and licences. Serhan Koçaklı leads the team. Recent work include drafting and negotiating a commercial contract for DM İnşaat concerning the construction of a logistics centre in Dakar, Senegal.
‘Strong expertise, quick turnaround and reliability.’
Yu Group & Turkmall Serdivan Joint Venture
- Advised Elif Holding, the parent company, of Elif Plastics, on the sale-and-leaseback of its main facilities following the sale of the company’s shares.
- Acted for Yu Group & Turkmall Serdivan joint venture in a dispute relating to construction contracts.
- Assisted Vava Cars with the establishment of pilot sites for trading in petrol stations, which required the development of a new zoning model.
Pelister Atayilmaz Enkur Law Office focuses on the hospitality sector, with experience in large-scale projects such as shopping malls, commercial outlets and hotel complexes. The main contacts are Emre Atayilmaz and Emre Keki. The ‘responsive and proactive’ team advised RCI Europe on a hotel project in Turkey.
‘Very good commercial awareness as well as excellent legal knowledge.’
‘Emre Atayilmaz is responsive, proactive, genuinely interested in our business.’
- Advised Rotana, a Gulf hotel chain, on the management and operations of one its hotels in Istanbul.
- Assisted VR Gayrimenkul with the development of 120 residential units in Istanbul.
- Advised Tekfen Holding on the majority acquisition of a German project company and a construction project in Berlin.
Özcan & Natan Attorney Partnership
Özcan & Natan Attorney Partnership advises on matters related to the hotels and leisure sector, projects and infrastructure, and real estate transactions. Clients include Bigili Holding and Radisson Blu Istanbul Conference & Airport Hotel. Emre Özcan and the ‘pragmatic’ Can Natan jointly head the practice.
‘High level of business acumen.’
Akaretler Turizm (Akaretler Sıraevler)
Akaretler Otel (W Istanbul)
Bilgili Holding (One Ortaköy, Bodrum Bodrum, Westblocks)
Corpera Turizm (Soho House Istanbul)
Çakmaklı Aparts (Republika Aparts Büyükçekmece)
Hayat Turizm Ticaret (Radisson Blu Istanbul Conference & Airport Hotel)
Ortaköy Aparts (Republika Aparts Ortaköy)
Sefaköy Aparts (Republika Aparts Florya)
- Advised Hayat Turizm Ticaret, a tour operator, on extending the management agreement for the Radisson Blu Airport & Conference Hotel.
The key strengths at Kesikli Law Firm include project financing, infrastructure and construction. The ‘excellent’ team is currently advising Tek Yapi on the extension of a PepsiCo factory in Saudi Arabia. Omer Kesikli heads the practice and Rustu Mert Kaska is also recommended.
Tek Yapı Insaat ve Ticaret A.S
KS Energy Africa
Pales Engineering Investments
Iste Proje Yonetimi
- Advised Tek Yapi Insaat, a construction company, on PepsiCo’s expansion of its Frito-Lay Potato Snack Food factory.
Moroglu Arseven advises on commercial, residential and industrial developments, where it assists with renovation issues, developments or the ongoing management of a facility. The team also has handles litigation and transactional real estate issues. E. Seyfi Moroglu heads the practice. Highlights included assisting Tacirler Gayrimenkul Yatırım ve Geliştirme Tic. A.Ş. with the $22m purchase of 13 detached sections of a skyscraper in Istanbul. Orçun Çetinkaya left the firm.
‘They have an excellent grasp of the commercial realities of our business, a feature that delivers high quality and successful outcomes for our disputes and transactions.’
‘Their hands-on approach enables them to be aware of all the important details of a dispute without losing sight of the big picture.’
The ‘dynamic’ team at Paksoy advises on the construction and maintenance of power plants, residential areas, temporary structures, infrastructure systems and malls. Elvan Aziz, Zeynel Tunç and ‘results-oriented’ Selin Barlın Aral, who was recently promoted to partner, jointly head the practice. Highlights included advising the Alfardan Group on its in investment into a hospitality development project.
Solmaz Gümrük Müşavirliği
- Advised the lenders on the financing of the expansion of the Star refinery.
- Advised Anixter, a technology equipment distributor, on the termination of a lease agreement.
- Acted for Solmaz Gümrük Müşavirliği, a trade and logistics firms, in construction and lease agreement disputes concerning warehousing.
Türkoğlu & Çelepçi in cooperation with Schoenherr
Türkoğlu & Çelepçi in cooperation with Schoenherr advises on development agreements, leasing and the construction of infrastructure projects and shopping centres. Clients include banks and financial institutions, retailers, management companies, hospitality and leisure companies and port investors and operators. The group is currently providing Atrium European Real Estate with day-to-day advice on its shopping centres. Levent Çelepçi leads the team.
MT Group Companies-Maxicells İlaç Sanayi Anonim Şirketi
Sunglass Hut Turkey
Atrium European Real Estate
UniCredit Bank AG
Greiner Packaging International GmbH
- Advised Maxicells on the negotiation and drafting of construction agreements for a blood plasma products facility.
- Acted for Sunglass Hut on drafting and negotiating lease agreements connected to its expansion in Turkey.
- Represented Polimeks, the owner of a construction company in Turkmenistan, in litigation against a contractor.