Acteeum Group invests 923 million euros in Anatolia
Netherlands-based Acteeum Group, a privately owned real estate development and asset management company, will continue to invest in Turkey amid widespread belief that Turkey has lost its ability to attract investors to the real estate market.
Acteeum Group, which is undertaking the construction of a shopping center with a value of 360 million euros on the Asian side of Istanbul, also laid the foundation of a new project in Samsun.
“Our group realizes investments in Istanbul, Kahramanmaraş, Samsun, Şanlıurfa, Tokat, Adana and Malatya. This initiative is an investment program of 923 million euros which rests on 300,000 square meters leasable area,” said Tomas Szewczyk, general manager of Acteeum Turkey. “We may launch a couple of new projects by the end of 2008. We have been building shopping centers in Anatolia in areas that have appropriate population, economic structure and geographical position for our investments. Our major investor in these projects is the Austrian property company, Meinl European Land Ltd.,” said Szewczyk.
“In a way, we have been realizing investments in Anatolia through the savings of Europeans,” said Özgür Üreten, administrative director of Acteeum Turkey. “Europeans wouldn’t know the potential in Tokat or Malatya. As a real estate development and management company, we convinced Meinl European Land to realize investments in Turkey and assured the company that these investments would in turn be lucrative for the company,” he added.
source: Turkish Daily News
Tags: real estate Turkey