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Redevco to Build a New Shopping Center in Manisa |
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Thursday, 06 March 2008 21:55 |
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Redevco, a Dutch real estate development firm, is preparing to construct a shopping center with an investment of 200 million euro ($304 million) in Manisa, western Turkey. |
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April 2007 Fact Sheet on Shopping Centers in Turkey |
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Friday, 29 February 2008 23:00 |
This is a fact sheet about the shopping centers in Turkey written by the Consulate Generale in Istanbul, Turkey. This reasearch is dated April 2007. The info here may not be up-to-dateFACT – SHEET on SHOPPING CENTERS in TurkeyExecutive Summary: The overall development concerning shopping center projects in Turkey has been remarkable owing to rising purchasing power, young population, rapid urbanization, high propensity to consume in comparison to other East European countries. Today, total rentable area at shopping malls stands approximately 2.3 million m2 and the number of malls is 135, whereas 102 of them came to service after 2000. Last year, shopping centers in Turkey generated US$ 6 billion total turnover. The Association of Shopping Centers and Retailers (AMPD) estimates the average increase in total annual turnover to be around 10 percent for the coming five years. Istanbul, Ankara and Izmir together host 55 percent of all shopping centers in Turkey. Since 2005, a number of international investors including Dutch companies have shown interest to building new shopping centers as well as acquiring existing ones. AMPD projects US$ 25 billion new investments in shopping centers for the next five years. |
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Last Updated ( Friday, 29 February 2008 23:17 )
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Migros Turk sells 51 percent of its Shares to BC Partners |
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Saturday, 16 February 2008 16:57 |
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BC Partners Ltd. has agreed to buy Migros Türk, Turkey's largest supermarket chain, for about $3.2 billion in the country's biggest-ever leveraged buyout. The London-based buyout firm will acquire 51 percent of Migros Türk for YTL 1.98 billion ($1.7 billion), or YTL 21.85 a share, from Koç Holding, according to a filing with the Istanbul Stock Exchange yesterday. The firm said it will offer to buy out minority stockholders at the same price, which is 11 percent more than Wednesday's close. |
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Last Updated ( Saturday, 16 February 2008 17:04 )
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