Qatar Investment Authority and Turkish Billionaire Sell Stake in Istanbul Mall for $500 Million

Qatar Investment Authority and Turkish billionaire Ferit Sahenk's Dogus Holding AS have sold their minority stake in a high-end Istanbul shopping mall to a local property developer for about $500 million, according to sources. The joint venture, Dogus Turizm Saglik Yatirimlari AS, sold its entire 42% stake in the shopping center to Istanbul’s Orjin Group, as the deal's financial details remain confidential. This significant transaction underscores the dynamic nature of the real estate market in Istanbul and the strategic decisions of the key stakeholders involved.