Istanbul, Turkey, 29 July 2015 – Corporate real estate
firm Jones Lang LaSalle acquires AVM Partners, a leading Turkish
shopping center management company known for Palladium, 212 AVM,
"We were pleased to advise JLL on this strategic
acquisition. JLL and AVM Partners are major players in Turkey's
real estate sector and this acquisition paves the way for JLL's
further expansion due to the combined expertise of both
companies," commented Partner Duygu Turgut.
A team of lawyers from Esin Attorney Partnership, a member firm
of Baker & McKenzie International, advised Jones Lang Lasalle
Gayrimenkul Hizmetleri Ticaret A.S. (JLL) on the acquisition of AVM
Ortaklari Proje Yonetimi A.S. (AVM Partners). Partner Duygu Turgut
advised on the transaction with support from attorneys Sertac
Kokenek, Guven Mavis, Orcun Solak, and Gokce Serez. The deal was
signed and closed on July 27, 2015.
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of
legal services in the Turkish market. Today, as a member firm of
Baker & McKenzie, our team of nine partners and more than 60
lawyers is an integral part of a seamless global network. Our Firm
is recognized locally and globally for our M&A experience, and
we have advised on some of the largest deals in the Turkish market,
involving public and private companies, private equity funds and
other strategic investors.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the
world's most dynamic and successful business organizations
through more than 11,000 people in 77 offices in 47 countries. The
Firm is known for its global perspective, deep understanding of the
local language and culture of business, uncompromising commitment
to excellence, and world-class fluency in its client service.
Global revenues for the fiscal year ended 30 June 2014, were
US$2.54 billion. Eduardo Leite is Chairman of the Executive
About Jones Lang LaSalle
JLL (NYSE: JLL) is a professional services and investment
management firm offering specialized real estate services to
clients seeking increased value by owning, occupying and investing
in real estate. A Fortune 500 company with annual fee revenue of
$4.7 billion and gross revenue of $5.4 billion, JLL has more than
230 corporate offices, operates in 80 countries and has a global
workforce of approximately 58,000. On behalf of its clients,
the firm provides management and real estate outsourcing services
for a property portfolio of 3.4 billion square feet, or 316 million
square meters, and completed $118 billion in sales, acquisitions
and finance transactions in 2014. Its investment management
business, LaSalle Investment Management, has $55.3 billion of real
estate assets under management. JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit www.jll.com.
About AVM Partners
AVM Partners, a leading Turkish shopping center management
company, was founded in 2006 by Aydin Yurdum, Tarkan Ander and Dora
Sahinturk. Today, it has a total leasable area of 1.6 million m2 in
more than 51 shopping centers in Turkey, the Balkans, the Middle
East, and the Turkic Republics.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Back in Issue 05 of IQ, we examined the decision in Yam Seng PTE Ltd v International Trade Corporation Ltd and looked at whether a general obligation of good faith could be implied into contracts made in accordance with English law.
A recent report1 by Global Construction Perspectives and Oxford Economics forecasts that by 2030 the volume of construction output will grow by 85% to US$15.5 trillion worldwide, with China, the US and India leading the way and accounting for 57% of all global growth.
There are not enough homes to meet demand in much of the UK, and the tragedy is that despite recent fine words, Government policy still seems on course to keep it that way.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).