... [+]Bilgili Holdings, began his company BLG Capital in 2010, but has quickly grown it to become one of the leading real estate private equity firms in Europe. With a focus on hospitality as well as a diversified portfolio in other areas, Bilgili has managed the challenges of the Covid-19 pandemic and unstable economic issues both at home in Turkey and abroad. In doing so, his firm is responsible for some of the most popular and well-known travel investments in different cities of the world.
When Soho House opened in Istanbul, which is housed in four buildings including a former Italian palazzo that was later used as part of the U.S. consulate, it was the only one outside of the U.S. and United Kingdom. BLG has blazed a trail when it comes to travel luxury brands, and it’s something we are proud of about the portfolio.
Following the pandemic, there is huge potential for conversions across the United States, and we have many projects in the works in New York and Los Angeles already. Many office buildings are seeing less use with major tenants pulling out paving the way for alternative or mixed use development.... [+]One exception to that is in Miami, which is one of the few cities that still needs high-quality office space due to demand from people moving there outpacing supply.