20 Kasım 2024

We were pleased to welcome the students of the Istanbul University Faculty of Law's Entrepreneurship Club to our office. Our Senior Associate Ayşe Uyanık, Associate Aslıhan Dereköy, and Legal Interns Ecenaz Çiftçi, Ali Taner and Aytaç Bilgen, provided valuable insights into our areas of practice, interview process, and office environment, while answering questions from future colleagues. We would like to thank the esteemed students, who visited our office and organized this event. Hope to meet you at the next office visit!

NEWS & ANNOUNCEMENTS

20 Kasım 2024

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.