5/5/2011

Renewed investor interest in Turkey’s organized retail sector

Sabah Emlak & Mortgage - International investors are taking a keen eye on Turkey’s organized retail sector following the global financial crisis, according to global real estate services company, Jones Lang LaSalle. Driven by an increasing number of shopping malls in major cities, the growth of the Turkish retail industry showed no signs of slowing even during the crisis.

“The ongoing shopping center projects in the country are being visited by investor groups,” said Kivanc Erman of Jones Lang LaSalle Turkey, adding that 5 such groups were in Turkey in April. Noting that investors from the UK, Germany and the USA were topping the list of those interested in commercial retail projects in Turkey, Erman said that acquisition and partnership deals involving shopping malls are likely to increase further with the long-awaited credit rating upgrade.
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