Within the scope of the webinar series titled “Job Belongs To Knower of It: Entrepreneurship Models” organized by Istanbul Kültür University (İKÜ) Vocational School, an interview titled “Investment Environment in the World and in Turkey” was held on Thursday, 27 August. Bilgili Holding and Board Chairman of BLG Capital Real Estate Private Equity Serdar Bilgili participated in the event as a speaker. Bilgili, who is a classmate of our Head of the Board of Trustees of Istanbul Kültür University Dr. Bahar Akıngüç Günver from Robert College, gave examples to our students and academicians about his business life and successful initiatives at a young age. Bilgili who stated that among the graduates of prestigious schools in our country, there are very successful professionals, academics and bank general managers, but the number of prominent entrepreneurs is low; then defined the entrepreneur as individuals who first can take risks, who are not daunted, confident and brave. Bilgili, whose father's profession is furniture manufacturing and sales, emphasized the importance of working in the family business and talked about his first venture when he started his own business and started a yarn trade. After graduating from Robert College, Bilgili who completed his master’s degree in California (USA) University of Redlands in the departments of Business Administration and Photography, and finished his one year intern in 1983 in Vienna at the United Nations, then mentioned the textile enterprise that turned into the third largest spinning mill in Turkey, which he founded with his cousins at a young age, and the entrepreneurial ecosystem of that period. Serdar Bilgili, who served as the Secretary General and Board Member of Beşiktaş Sports Club between 1992-1998 and as the Head of the Board of Beşiktaş JK between 2000-2004, shared his experiences and some beautiful anecdotes with our participants. After being elected as the president with a record number of votes in 2000, Beşiktaş Football Investments Industry and Trade A.Ş. to be the first football club to be offered to the public and treated on the IMKB which is reminded by our students. Bilgili, who got great attention from the participants, after leaving the presidency of Beşiktaş Sports Club, he stated that his first project in the real estate sector was Akaretler and gave information about the different projects he invested in. Serdar Bilgili, Head of Bilgili Group, One of Turkey's leading real estate development and investment companies, who has been an active investor and real estate developer in Turkey and around the world since 1984, told how he founded BLG Capital in 2010. Bilgili who stated that the Blackstone Group, one of the largest fund companies in the world, offered a partnership in 2006-2008, when foreign investors showed great interest in our country, explained that the efforts to bring together projects such as W, Radison and Akaretler on a single platform started at that time. However, after the partnership initiative, which was shelved because no agreement could be reached in the last contract on "articles related to sales and partnership", Bilgili stated that he established his own fund BLG Capital. Bilgili stated that they continue their various investments by creating a fund of 300 million Euros together with corporate initiatives from America, Europe and the Far East, and that they have shifted some of their investments to America with the changing economic-political conjuncture in the world since 2015. Bilgili who made evaluations on the construction and real estate sector, stated that the performance of the construction sector depends on economic and political stability. Bilgili stated that despite the volatility in the exchange rate, the harsh reactions he expected did not materialize in the market and that this was the result of successful financial management. Bilgili who pointed out that many countries print money during the pandemic process and the real estate sector as the direction that money can go in a global conjuncture where interest rates are very low, then said that he is hopeful for the future of the construction sector. Bilgili, who explained that real estate is so cheap in Turkey when compared to Europe and the USA, underlined that our country is a land of opportunity in terms of foreign investments. Speaking about the management of investment risk, which is one of the most fundamental financial risks, Bilgili drew attention to the 7-10 year cycles in the sector. Bilgili who stated that the risk of failure is high when the financing of the project is made in the short term in real estate investment, gave advice on assessment and long-term financing by harmonizing this risk with non-financial risk factors in the pandemic environment. Bilgili, who also made evaluations about the present and future of the tourism sector, stated that the negative impact of the pandemic was realized lower than expected and that he thought there would be a very rapid recovery. Bilgili who emphasized the importance of honesty and fairness in business life, stated that those who want to be entrepreneurs should be creative, different, extraordinary, and contrary to mind. Bilgili told our young entrepreneur candidates "Don't be afraid to make mistakes". Bilgili who answered the questions of our participants stated that during the pandemic process, digital transformation has gained momentum in various sectors in our country and the world, and that remote communication has become widespread in investment environments, but that this cannot replace face-to-face communication. Bilgili asserted that the models that holdings invest in many different sectors are specific to less developed countries, and answered the questions of our young entrepreneur candidates by saying that the enterprises in developed countries are more concentrated, conscious and focused on being the best in their sector. Serdar Bilgili, Chairman of the Board of Directors of Bilgili Holding and BLG Capital, which operates in many areas such as hotels, accommodation, student dormitories, housing projects, offices, retail stores construction, restoration and operation, gave information about their investments and projects. Serdar Bilgili; W Istanbul - Akaretler, the first entrance of W Hotels chain to Europe and the Middle East; The construction site in Galaport ongoing and scheduled to open next year, The Peninsula chain of Istanbul - Karakoy branch (Turkey's largest foreign hotel investment); Amanruya Bodrum, which stands out with its Ottoman architecture and generally consists of villas; Soho House Istanbul works with the membership system that young people know well; BH Conference and Airport Hotel (formerly Radison Hotel), which is the first airport hotel of Istanbul and nowadays mainly focused on medical tourism; Republika Academic Aparts, which was established in 2012 to meet the demand of Istanbul, which has a bed capacity of 10-12 thousand for 250 thousand students and has more than one million students today (in 4 different locations: Ortaköy, Maslak, Florya, Büyükçekmece - student dormitory with 2000 beds) ; Ritz-Carlton Residences Istanbul, which will be implemented with the restoration of the old Yapı Kredi Foundation building on Vali Konağı Caddesi; One Ortaköy, which stands out with its roof pool, jogging track and green areas; I BodrumBodrum consisting of close to 10 units and one of the first examples of minimalist architecture in Turkey, Büyükçekmece Lake had mentioned the edge of the West Blocks project. Bilgili's first investment in the United States, consisting of offices, is 711 5th Avenue located in the old Coca Cola Building at the intersection of 56th and 5th avenues; 530 Broadway Avenue, a core plus investment consisting of retail stores and offices, emerged from the evaluation of the old architecture building opposite Niketown in Soho; 9200 Willshire under construction in Los Angeles; Akaretler Row Houses, which was built in 1850 with investments in Mandarin Oriental Fifth Avenue, Mandarin Oriental LA Residences, The Richmond, and South Seas Hotel, consists of the houses built by the palace architect for the palace staff and the largest restoration project in our country; Park Orman's investments, a project aimed at meeting the outdoor needs, with concert, sports, children's playgrounds and food and beverage units were also mentioned. Serdar Bilgili gives informations about Galataport İstanbul which is one of the most valuable real estate development projects, spread over approximately 150 thousand m2 area in the heart of the city along the 1.2 km from the coast and within the cruise port, Peninsula Hotel, food and beverage area, opening in its retail stores and offices expected to open in the coming months, also stated that the project worth 1.5 billion Euros, which is expected to increase the touristic and commercial attraction of Istanbul significantly and become an art center, is also a first in the world with its cruise port underground. Bilgili demonstrated her photographic artist identity with the ''Engellere Rağmen (Despite Obstacles) ... '' photography exhibition in 2007, the book of the same name in 2008, and the 'Nişantaşı Portreleri (Nişantaşı Portraits)' open-air exhibition on Valikonağı Street in 2018. - He associated his interest in white photography with his love for Beşiktaş. Speaking about the pleasant moments spent in dark rooms when he started photography, Bilgili said that he liked the aesthetics of black and white photography and the feeling it makes. Stating that photography requires a considerable amount of time, this is not always possible with a busy schedule; Bilgili gave the good news of the exhibitions he plans to open in the near future. Moderated by Lecturer Berrak Köten, Lecturer Dr. Barış Safran and Lecturer Burak Öçlü, in our webinar "Business is Knowledgeable: Entrepreneurial Models", Serdar Bilgili also promised to attend a conference where he will evaluate the real estate sector face to face in the near future and a conversation about the art of photography. We would like to thank Serdar Bilgili, Chairman of the Board of Directors of Bilgili Holding and BLG Capital Real Estate Private Equity, for accepting our webinar invitation. |