August 30th
Happy Victory Day!
NEWS & ANNOUNCEMENTS
A New Era for Real Estate Investment Funds
The Communiqué Amending the Communiqué on Real Estate Investment Funds (III-52.3) (“Communiqué”), published in the Official Gazette on 17 July 2024, Issue No. 32604, aims to boost contributions to real estate investments, a sector with significant transaction volume in the Turkish economy. Under the Communiqué, application procedures for Real Estate Investment Funds (“REIFs”) have been streamlined, enabling the issuance of participation shares linked to an umbrella fund. Additionally, “project” REIFs are now permitted to invest in projects where more than half of the total gross area of independent units is designated for residential use, as verified by independent real estate appraisal firms.
NEWS & ANNOUNCEMENTS
6 March 2025
Under the hospitality of our partners Hasan Çağlayan and Ayşe Uyanık, we had the pleasure of spending a valuable day with future colleagues as part of “ELSA - Lawyers at Work” series.
