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, and Neoplus.
"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 Committee. www.bakermckenzie.com
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.
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