Posted by meb at August 26th, 2008

The Dutch real estate investment fund Corio would build a shopping center in Turkey’s southern town of Tarsus as it seeks to strengthen its presence in the country, the company said in a statement on Tuesday.

Corio said the shopping center, which would be build under the cooperation with Acteeum Group, is planned to be approximately 25,000 square meters.

“The total investment in the Tarsus shopping centre will be approximately 50 million euro and the net initial yield upon delivery is at least 8%, which is in line with Corio’s other investments in Turkey,” the company added in its statement.

Corio operates 10 shopping malls in Turkey, including Akmerkez in Istanbul. Corio and Acteeum Group plan to invest a total 300 million euros in their investments throughout the country, the statement added.
source: Hurriyet daily

Related posts:

  1. Corio buys Turkish shopping centre for 116 mln euros
  2. Meinl European Land of Austria wins public tender in Turkey, will invest 118 mln eur
  3. Acteeum Group invests 923 million euros in Anatolia
  4. Selling process of Cevahir Shopping Mall completed
  5. Turkey’s largest shopping mall opens in Ankara