White & Case advises banks on Rönesans Gayrimenkul’s US$165 million accelerated bookbuild

Global law firm White & Case LLP and GKC Partners have advised Citigroup Global Markets Limited, Merrill Lynch International and Ünlü Menkul Değerler A.Ş. as joint global coordinators and joint bookrunners, on the placement of GIC Private Limited’s stake in Rönesans Gayrimenkul Yatırım A.Ş. (RGY) to institutional investors inside and outside Türkiye, executed via an Accelerated Bookbuilding Process (ABB).

The transaction generated gross sale proceeds of approximately TRY 7,470,353,244 (approximately US$165 million). This included a placement of 8,350,000 shares, corresponding to approximately 2.5% of RGY, to the majority shareholder Rönesans Varlık ve Proje Yatırımları A.Ş.

RGY is the commercial real estate development and investment company of Rönesans Holding A.Ş.

The White & Case team in London which advised on the transaction was led by partner Laura Sizemore and included associate George Davie. The GKC Partners team in Istanbul included counsel Derin Altan and associate Muhammed Aşula. White & Case has a professional association with Istanbul-based GKC Partners.

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