White & Case
Deal News | Mar 03, 2025 | White & Case
White & Case LLP, in association with GKC Partners, has advised Fingen S.p.A on a joint venture with Turkish conglomerate Kalyon for the development of the Florentia Village designer outlet. This joint venture focuses on building, managing, and operating a luxury designer outlet in the Istanbul Airport area. Fingen is an international investment firm with interests in private equity, real estate, and retail, while Kalyon has a diversified portfolio that includes energy, infrastructure, and real estate. The joint venture is a clear example of White & Case's proficiency in managing complex cross-border ventures, especially those involving regulated assets and diverse governmental stakeholders. The White & Case team in Istanbul was led by partner Emre Zar, along with associates Gken Durgut and Batuhan Akarsu.
Sectors
- Legal Services
- Real Estate Development
- Private Equity
- Retail
Geography
- Turkey – The project is located in Istanbul, Turkey, and involves a Turkish company, Kalyon.
- Italy – Fingen S.p.A, the investment firm involved, is based in Italy.
Industry
- Legal Services – The article involves White & Case LLP, a global law firm advising on a joint venture, demonstrating expertise in legal structuring.
- Real Estate Development – The joint venture focuses on the development of a luxury outlet, which falls under the real estate sector.
- Private Equity – Fingen S.p.A is an investment firm active in private equity, making the industry relevant to the article.
- Retail – The joint venture aims to establish a designer outlet, directly involving the retail industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the joint venture. |
| GKC Partners | Legal Advisor | Company | Istanbul-based legal partnership associated with White & Case advising on the transaction. |
| Fingen S.p.A. | Investment Firm | Company | An Italian international investment firm involved in the joint venture. |
| Kalyon İnşaat Sanayi ve Ticaret A.Ş. | Joint Venture Partner | Company | A Turkish conglomerate involved in the joint venture for the development project. |
| Emre Zar | Partner | Person | Partner at White & Case leading the deal team. |
| Güken Durgut | Associate | Person | Associate at White & Case involved in the transaction. |
| Batuhan Akarsu | Associate | Person | Associate at White & Case involved in the transaction. |