2/27/2009

Dutch Corio to attract EUR 1.4 billion to Turkey

Sabah – Corio, Netherlands-based property group, has changed its pre-crisis growth plan for the Anatolian regions and have decided to continue with its ongoing operations, thus growing in the metropolitan areas. Koray Ozgul, CEO of Corio Turkey, said they aim at expanding in Istanbul, Izmir and Antalya and added that they are already in talks with six shopping centers in these provinces. Ozgul said Corio expects to invest EUR 1.4 billion in Turkey and Bulgaria by 2010, noting they may be able to draw the whole investment figure to Turkey.