10 Kasım 2024
HABERLER & YAYINLAR
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.
HABERLER & YAYINLAR
Türkiye Ranks Among the Top in Europe for IPOs in 2024: A Sign of a Stronger Market?
According to the 2024 Global IPO Trends Report published by one of the most reputable audit companies , global initial public offerings (IPOs) decreased by 10% compared to the previous year, with a 4% decline in total proceeds.
