The Moral law firm has advised Murat Turistik Tesis Yatirimlari Otel Sanayi ve Ticaret A.S. (“Murat Turistik”) on the construction and development of the Park Forbes Shopping Mall and Double Tree by Hilton Iskenderun.
The Moral law firm describes the project as “not only a shopping mall but also a business and tourism center, and says that "Park Forbes is designed to be a favorable relaxing, meeting and shopping mall and hotel location especially for the business people who use the Iskenderun harbor."
According to Moral, Park Forbes — which opened on June 17, 2016 — carries an investment value of approximately USD 120 million. The part which is arranged for accommodation contains two 16-floor towers — one set up as a 5 star Double Tree by Hilton Hotel, and the other as residence. The shopping mall area is a 6-floor building.
The leasing and management consultancy of Park Forbes is handled by Jones Lang LaSalle Turkey.
Moral’s advice to Murat Turistik consisted of negotiating and closing approximately 80 leasing agreements, auditing and ensuring compliance for the project finance process, negotiating and drafting more than 15 supply contracts, and providing legal assistance in auxiliary and secondary procedures such as permits, registrations, etc.
The Moral team consisted of Vefa Resat Moral, Karaca Kacar, and Melis Menku.
Image Source: doubletree3.hilton.com