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Legal 500 2024 EMEA Edition

We are elated to announce that our Firm has been ranked as a Top Tier Law Firm in Real Estate and Construction for the 6th consecutive year and Leading Law Firm in Dispute Resolution in Legal 500 2024 EMEA Edition. For the first time, as a fruition of our Team’s hard work and diligence for the years in the making, and especially as a result of an astonishingly successful year, we have been ranked as a Leading Law Firm in Corporate, Commercial and M&A. Along with the Firm's rankings, our partners Hasan Çağlayan and Murat Aygün have been named as Leading Individuals in Real Estate and Construction. We would like to express our utmost gratitude to our clients for their everlasting faith and collaboration and to our ever-hardworking team whose great effort is the foundation of our success.
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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. 

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