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SHOPPING CENTER GUIDE TURKEY 2014
EDITORIAL 1
SHOPPING CENTER GUIDE
TURKEY 2014
Editor-in-chief
Kuyaş Örs
Editor
Sedef Güneş
Proofreading
Cüneyt Tabanoğlu
WELCOME
Advertising sales manager
Eda Ünsalan Aytemur
Corporate communication
director
Mürüvvet Can
Publisher
Sirkus Publishing
Itır Sok. 3/2
Nişantaşı, Şişli, Istanbul
Printer
Ofset Yapımevi
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Kağıthane, Istanbul
All or some of the content
(texts or images) cannot be
used without written
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is not responsible for the
accuracy of the information
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contributors.
Further information
Networking Turkey
+90 212 225 42 52
[email protected]
www.networkingturkey.net
Publishing date
November 2014
The real estate market in Turkey, which is the main driver of the economy, still offers a
favorable climate for new investments, thanks to its strong demographics and positive
long-term outlook. Turkey has attracted USD 6. 8 billion of FDI in H1 2014, a 28%
increase over the same period a year ago, according to The Central Bank of Turkey.
In June 2014 alone, FDI inflow to Turkey reached EUR 990 million, 416 million of which
went into real estate.
Additionally, Turkey’s commercial real estate market has upheld its reputation as
one of the strongest performers in Europe, with growth following an upward trajectory
spurred on in particular by a blossoming retail sector, according to the latest report
released by BMI.
Presenting the latest news and professional reviews as well as index pages, this
guide you are now holding in your hands attempts not only to reveal current conditions
of the retail industry in Turkey, but also to provide an insight for global investors.
Hope you enjoy it.
2 CONTENTS
SHOPPING CENTER GUIDE TURKEY 2014
SHOPPING CENTER GUIDE TURKEY 2014
4 NEWS
10 OUTLOOK
10 A HIGHLY DEVELOPED, VIBRANT AND ATTRACTIVE
MARKET, Nihat Sandıkçıoğlu
Turkish shopping center industry, one of the most vibrant
industries of Turkish economy, is still attracting most of
the international shopping center investors.
12 REAL ESTATE INDUSTRY OUTLOOK: LATEST
DEVELOPMENTS, NEW INSIGHTS AND PROSPECTS,
I.Gökşin Durusoy
Having liquidated some of its portfolio assets to
rejuvenate its real estate development works, Akiş REIT
made new inroads in the urban transformation area as
well as in high street retail properties last year.
14 SEEING THE BIG PICTURE, Nils Lueken
In light of growing competition, cost pressure and
escalation of complexity in core business, more and more
firms, investment companies and state property owners
in Turkey are farming out their building management and
employing external real estate specialists to look after
their property portfolio.
16 CONSUMER FINANCE, REAL ESTATE FUNDAMENTALS AND
SHOPPING CENTER INDUSTRY IN TURKEY, Dr. Yener Coşkun
Stakeholders in shopping center industry may carefully
analyze in their decision making both positive long-term
outlook of Turkey and also trends in consumer finance
and real estate market fundamentals with some region
specific risks.
20 LIBERAL APPROACH FOR FOREIGN CURRENCY RENTALS:
PROVISIONS OF TURKISH LAW FOR OBLIGATIONS
REGARDING RENT INCREASES, Serkan Gül
Under the new law, rental increases in Turkish Lira may
not exceed the PPI and no increases are allowed for rents
in foreign currency.
22 WHO’S WHO
23 ÆRIUM
24 AVM PARTNERS
26 CEFIC
27 CORIO TURKEY
28 COUNCIL OF SHOPPING CENTERS - TURKEY
29 ESAS PROPERTIES
30 FORM CENTRAL AIR CONDITIONING
32 METRO PROPERTIES TURKEY
33 MULTI TURKEY
34 PALLADIUM SHOPPING CENTER ANTAKYA
35 PALLADIUM SHOPPING CENTER ATAŞEHIR
36 TESCO KIPA
38 INDEX
4 NEWS
SHOPPING CENTER GUIDE TURKEY 2014
TURKEY ATTRACTED USD 5.3 BILLION OF FDI IN H1
Turkey has attracted USD 6.8 billion of
Turkey reached 990 million,
products and pharmaceuticals. The
foreign direct investment (FDI) in the
EUR 416 million of which went into
largest foreign investor in June was
first half of 2014, a 28% increase over
real estate. Wholesale and retail
the UK, with USD 464 million, while
the same period a year ago, according
trade was the second most popular
the Netherlands came in second at
to the data The Central Bank of Turkey
investment market, followed by
USD 149 million. The total FDI to
revealed. In June alone, FDI inflow to
chemical manufacturing, chemical
Turkey was USD 12.9 billion in 2013.
CONFIDENCE INDEX UP IN RETAIL,
DOWN IN CONSTRUCTION AND SERVICE SECTORS
The real sector confidence index
Likewise, the service sector index
situation over the last three months
has seen a slight increase, but the
dropped by 1.1% from 99.5 to 98.3 in
as improved, and have a pessimistic
construction and service sectors
the same period.
outlook regarding future demand
showed a drop in October, according
for their products in the next three
to the latest report released by the
trade confidence index has increased
months.
Turkish Statistics Institute (TurkStat).
since there was a rise in the number
According to the TurkStat data, the
The report notes that the retail
According to the report, the drop
of managers assessing their business
in the construction confidence index
seasonally adjusted confidence index
activity as improved over the past
stemmed from a decrease in the
for the retail sector rose by 0.1%,
three months, and the current volume
number of managers who evaluated
reaching 103.9 in October. However,
of stock as below the seasonal
their current overall order books as
the adjusted confidence index for
normal. Nonetheless, the decrease in
“above the seasonal norm” and who
the construction sector decreased
the service sector confidence index
expect an increase in the employment
by 2.4%, to 81.6 in October. The
is linked to the decreased number of
rate over the next three months.
figure was 83.6 points in September.
managers that evaluate their business
ANADOLU GROUP OFFERS TRY 1.8 BILLION FOR MIGROS
Turkey’s Anadolu Group has offered
of Anadolu Group, told. Özilhan also
sell the chain over the years. However,
TRY 1.8 billion to buy a 40.25% stake
said his company would finance
a slowdown in the Turkish economy
in local supermarket giant Migros,
some of Migros’s debts in case of an
and fall in value of the lira against the
marking a new growth area for the
acquisition. He also noted Anadolu’s
dollar made it difficult. BC Partners
conglomerate and lifting the retailer’s
bid for a partnership in controlling
bought Migros in 2008 for USD 3.25
shares more than 10%.
stakes.
billion with the help of Turkey’s
Turkven and Italy’s DeA Capital,
“We see Migros as an enterprise
The supermarket chain has 1,129
that could grow our business in
stores across Turkey and holds a
beating a joint bid by their larger rival
Turkey and in countries in the region.
14% market share. London-based
Blackstone and the Croatian food
This initiative should be understood
BC Partners, a private equity group
group Agrokor.
as a growth strategy for a new
that owns about 80% of Migros, had
sector,” Tuncay Özilhan, chairman
entered into informal negotiations to
6 NEWS
SHOPPING CENTER GUIDE TURKEY 2014
TURKEY’S COMMERCIAL REAL ESTATE MARKET
UPHOLDS ITS REPUTATION
According to the latest report released
on office, retail and industrial real
by Business Monitor International,
estate. Although the Turkish economy
spurred the current development of
around 800,000 m2 of office space in
Turkey’s commercial real estate
no longer enjoys the high levels of
the city. Such development is sorely
market has upheld its reputation as
GDP growth it maintained up until
needed, as Istanbul’s central business
of the strongest performer in Europe,
the eurozone crisis, the economic
district has a vacancy rate of less than
with growth following an upward
situation remains stable, and we
1.0%.
trajectory spurred on in particular by a
forecast 3.2% growth over the 2014-
blossoming retail sector. The industrial
2018. Greater demand for Western
continue to struggle in the short term.
segment continues to underperform in
brands has encouraged foreign
There is some cause for optimism as
terms of rent, yields and construction
retailers to enter the market, which is
export growth is forecast into 2015,
growth, but with growth expected in
stimulating retail development and
especially with regards to textiles
exports there is hope that the sub-
buoying rental rates, particularly in
and jewellery. Export of textiles
sector can return to growth.
Ankara and Istanbul.
grew by 8% to USD 17.4 billion in
With a focus on the two principal
Industrial real estate, however, will
The office sector has also
2013, according to data from Turkish
cities of Istanbul and Ankara, the
performed well. The government
Clothing Manufacturers Association.
report covers the commercial real
is hoping that Istanbul will
This has prompted the government
estate market’s performance in terms
become a global financial hub, and
to draft plans to establish a logistics
of rates and yields, with a focus
developments around this have
centre for textiles, apparel and leather.
METRO GROUP SELLS REAL TURKEY TO BEĞENDIK INC.
Metro Group has signed an agreement
to disclose the purchase price.
hypermarkets and the headquarters.
with Beğendik Inc. of Turkey about
Real Turkey generated sales of USD
the divestment of Real’s Turkish
country for Metro Group’s other sales
256 million in financial year 2012/13
operations. With this move, Real will
lines Metro Cash & Carry and Media-
and employs a workforce of around
fully focus on the development of its
Saturn. The divestment of Real Turkey
1,800 employees.
business in Germany. It was agreed not
to Beğendik Inc. covers all twelve
Turkey remains an important focus
ISTANBUL CHAMBER OF INDUSTRY TO SELL ODAKULE
Istanbul Chamber of Industry (İSO)
33 years by a tender. The tender is
stores, boutique hotels, theatres,
is planning to sell one of the largest
expected to be held in December in
movie houses, schools, consulates,
buildings with 15,180 m² size within
Istanbul. Odakule is one of the highest
foreign culture centers, art galleries
Beyoğlu district, where it is located
buildings located within Beyoğlu
also occupy the street. It is a 23-storey
on Istiklal Avenue, one of the key
district. The building has a frontal view
building occupied by hotel, office and
retail streets in Istanbul. The rights
of Istiklal Avenue and is a very popular
retail mixed-use real estate investors,
of superficies of the building called
district of Istanbul, visited by nearly
and has a view to the ancient Golden
“Odakule” will be transferred for
2 million pedestrians daily. Shops,
Horn and to the historical peninsula.
FUN AROUND THE CLOCK!
Pilates after shopping or shopping after pilates?
How about enjoying a great concert after your cooking course?
Akbatı Shopping Mall “there is life inside”, around the clock!
There is life inside.
Esenyurt , İstanbul / Türkiye
www.akbati.com
+90 (212) 397 70 70
8 NEWS
SHOPPING CENTER GUIDE TURKEY 2014
GIC TO ACQUIRE ABOVE 20% STAKE
IN RÖNESANS REAL ESTATE
Singaporean sovereign wealth fund
Estate to participate in the strategic
Rönesans, one of the most reputable
GIC is paying EUR 250 million to
direction of the company. According to
property developers and investors in
acquire above 20% shareholding
Dr. Erman Ilıcak, Chairman of Rönesans
Turkey. As a long-term investor, we are
in Turkey’s Renaissance Real Estate
Holding, “This partnership further
confident that Turkey will continue
Investment, the commercial real
bolsters our relationship with one of
to grow and present good investment
estate development and investment
the most reputable long-term global
opportunities.”
arm of Rönesans Holding, and
investors in the real estate industry.
strategically focusing on commercial
Following three previous joint venture
and GIC have formed 50:50 joint
real estate investments.
transactions at the level of individual
ventures in shopping centers Optimum
Since 2012, Rönesans Real Estate
The agreement takes the form of a
projects, we are very pleased to
Istanbul, Optimum Ankara and
primary rights issue, whereby GIC will
have GIC now on board in RGY at
Optimum Izmir. The completion of the
inject EUR 250 million into Rönesans
the platform level as well. We look
transaction is expected in the Q4 of
Real Estate to fund acquisitions and
forward to solidifying RGY’s presence
2014 subject to regulatory approvals.
development of new projects in
in Turkish commercial real estate
Turkey. The new capital will reinforce
development together with GIC’s
holds 25 properties in the portfolio,
Rönesans Real Estate’s foothold as
collaboration.”
of which 12 income-generating,
a leader in Turkish commercial real
8 under development and 5 in land
estate market and allow for future
Regional Head of GIC Real Estate
bank, to cover more than 540,000 m2
expansion of its business.
for Europe, “We are pleased to be
of GLA as of end of 2014 across
making our first corporate real estate
operational assets in total.
As part of the transaction, GIC
According to Chris Morrish,
will be granted representation on the
investment in Turkey, by taking
board of directors of Rönesans Real
a minority ownership position in
Optimum Outlet Shopping Center by Rönesans
Rönesans Real Estate currently
10 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
A HIGHLY DEVELOPED, VIBRANT
AND ATTRACTIVE MARKET
Turkish shopping center industry, one of the most vibrant industries of Turkish
economy, is still attracting most of the international shopping center investors.
Pioneered the world’s first shopping center,
satisfaction. Turkish shopping center industry,
the 550-year-old Grand Bazaar, Turkey has
one of the most vibrant industries of Turkish
given some of the best examples of modern
economy, is still attracting most of the
shopping centers since 1988. The country
international shopping center investors.
has developed a great retail market with 338
shopping centers, offering 9.7 million m²
to expand its growth in Turkey. Density
of GLA, as of today. By the end of 2014, the
of shopping centers in many provinces,
market is expected to reach 345 shopping
particularly in certain districts is already
The shopping center industry continues
centers with significant developments,
initiating discussions. However, there is
Nihat Sandıkçıoğlu
totalling around 9.9 million m² of GLA.
still enough space for new developments in
Secretary General,
some provinces and certain locations, which
Council of Shopping
has grown significantly in the last 10 years
are attracting investors. Today only 57 (out
Centers - Turkey
with numerous prime developments.
of 81) cities have shopping centers yet and
Outstandingly well-performing shopping
overall GLA distribution or 126 m² per 1,000
centers by both local and international
population indicates the high investment
investors, some of which set the best
potential. Besides, 173 of the existing
examples throughout the world, have awarded
shopping centers are offering more than a GLA
by international institutions such as ICSC.
of 20,000 m², which is 81% of the total GLA.
These achievements led by the competition
between local and international developers
launched or under construction, are mostly
and shopping center managers have uplifted
mixed-use projects or they are usually involving
the overall performance of the shopping
theme parks. Additionally, some of the
center industry. In recent years, the industry
existing shopping centers have already started
has usually drawn an upward trend in terms
renovations in terms of both concept and tenant
of investors’, tenants’, and consumers’
mix, while a few projects have been failing.
The shopping center industry in Turkey
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
Shopping Center Development (GLA - m²)
New developments, which are already
SHOPPING CENTER GUIDE TURKEY 2014
Shopping centers in large cities are
grow around 64% in five years, and “Clicks vs.
competing with each other and concentrating
Bricks” is one of the biggest discussion topics
on various marketing strategies for not
in the world.
only customer retention but also for
differentiation. Campaigns, concerts,
own seem as a serious threat for shopping
fashion shows and other events are being
centers. However, main threats are no-name
held in centers in order to increase sales.
brands. Quality standards, warranties, and
Indeed, providing better service with such
customer satisfaction will be the most
competitive marketing strategies is crucial to
important criterions for retailers operating in
survive the centers.
the centers. Not only selling products but also
customer experience marketing will be the
Showing a significant growth in recent
Increasing online sales of retail brands
years, online sales are now the biggest
strong side of the shopping centers.
competitor for shopping centers. Interacting
strong with social media, e-commerce web
will be discussed in Shopping Centers
sites are increasing their revenues rapidly and
Conference, by Council of Shopping Centers-
growing with door-to-door delivery and return
Turkey to be held in Wyndham Grand Hotel
policy. E-commerce sector is expected to
on March 05, 2015.
All of these topics mentioned above
OUTLOOK 11
12 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
REAL ESTATE INDUSTRY OUTLOOK:
LATEST DEVELOPMENTS,
NEW INSIGHTS AND PROSPECTS
Having liquidated some of its portfolio assets to rejuvenate its real estate
development works, Akiş REIT made new inroads in the urban transformation area
as well as in high street retail properties last year.
Real estate continues to be a preferred
long term investment vehicle both for the
industry serves today is the information
purposes of personal residential use and
age population that benefits from the
for investment needs. Pinned at the center
plethora of technology. In other words,
of economic and social development, the
we live in an era where our use of
real estate industry presents a framework
technology affects our real estate
for lifestyle transformation with the
preferences. In the times ahead, as life
living areas created. Real estate industry
continues to hasten its pace, living areas
is expanding in size thanks to the new
will have to keep up with this as well. For
developing areas in cities. New centers
the working people who connect through
It is safe to say that the audience the
continually emerge on the outskirts of the
digital networks, the need for a physical
I.Gökşin Durusoy
city as urban population gets cramped in
office space will be reduced. Features of
Akiş REIT
dense areas. Real estate assets diversify
eco-efficient structures will continually
Member of the Board of
along with the living requirements of
improve along with the technological
Directors and
different age and social profiles.
advances. Organizations that wish to
General Manager
cement their grip on the real estate
In the real estate business, we are now
entering an era where cities are more
business will have to heed all such hasty
prominent than rural areas. According to
developments. (As different players,
PWC’s “Emerging Trends in Real Estate
like retailers, hotels and shopping centers
Europe” report, the pinnacle of urbanization
enter the market beside residences
will continue through 2020. Cities in
and offices, they will have to establish
rapidly growing Asia, Africa, Middle East
solid differentiation strategies in this
and Latin America will flourish. The
respect.)
developed Western world will also continue
the year 2020 closing in, the competition
TURKEY HAS A GREAT POTENTIAL FOR
THE REAL ESTATE INDUSTRY
among cities will be very hot.
Owing to its young and rapidly growing
population, Turkey presents a favorable
to urbanize, albeit at a slower pace.” With
As needs get differentiated in new cities
which boast active lifestyles, real estate
climate for the sustainable growth of real
will bring about novel living area concepts.
estate industry. In addition to its economic
Thereby successful projects will be borne
stability, the steady growth of purchasing
to organizations that will manifest the
power helps to promote the real estate
strategies meeting the future.
projects in the country.
SHOPPING CENTER GUIDE TURKEY 2014
The real estate industry, which is one of
Estate® Europe 2014”) Increase in high
the most dynamic sectors in Turkey, went
quality housing stock and high transaction
through a great transformation within the
volume in Istanbul is expected to continue.
last decade and continued to grow. Foreign
estate property in Turkey have been lifted
OWING TO ITS AMBITIOUS PROJECTS
IN ISTANBUL, AKIŞ REIT HAS BEEN
POPULAR IN INTERNATIONAL CIRCLES
by new law in 2012. Another development
Akiş REIT, which undertook Istanbul’s
that mobilized the industry is the urban
major projects, continues to strengthen
transformation projects that gained
its position by developing strategies that
momentum with the new disaster law.
help diversify its project portfolio. Akiş has
The growth in real estate industry as
proven its success in international circles
well as the competition among new and
in a short time. Akbatı Shopping Center &
existing players in the sector helped boost
Residences in Esenyurt won over 20 awards
the quality expectations of consumers..
in 3 years. The Shopping Center has become
The architectural approach that emerges
an attraction center for the area with over
in today’s projects stresses quality while
25% sustained annual growth rate in total
meeting the needs of modern life. Along
store sales since its opening.
with aesthetic form and functional utility,
environmental properties and social areas
assets to rejuvenate its real estate
have also gained prominence. In general,
development works, REIT made new inroads
pricing is shaped by the location and the
in the urban transformation area as well
features of newly developed projects.
as in high street retail properties last year.
The pace of residential unit sales, on the
It is now developing new projects in one
other hand, triggers new investment areas
of the most popular commercial districts
and projects.
in Istanbul on the Bağdat Avenue aimed
appetite has turned to Turkey since the
restrictions on foreign ownership of real
ISTANBUL: 7TH MOST SOUGHT
AFTER CITY FOR INVESTORS
Given its geographical location, historical
and cultural heritage, Istanbul continues to
be among the top 10 cities sought mostly
by investors. (“Emerging Trends in Real
Having liquidated some of its portfolio
at high street retail after its successful
investment in Akbatı Shopping Center for
USD 250 million.
OUTLOOK 13
14 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
SEEING THE BIG PICTURE
In light of growing competition, cost pressure and escalation of complexity in core
business, more and more firms, investment companies and state property owners
in Turkey are farming out their building management and employing external real
estate specialists to look after their property portfolio.
Many private and municipal property
optimization, operating costs and efficient
investors and owners of considerable
energy management, as well as managing
real estate portfolios in Turkey possess
infrastructure-related services such as
neither the management capacity nor the
building cleaning, reception and security
infrastructure to professionally manage
services, gardening and landscaping.
their real estate portfolio themselves. As a
It is also able to certify buildings to
result, the value of their property is sinking
internationally recognized green building
over the long term.
standards such as LEED or BREEAM.
Nils Lueken
RGM Turkey Deputy Chair
companies are outsourcing their facility
able to fine-tune and optimize operations,
management services and entrusting
exerting a significant influence on the
them to experienced facility management
development, planning and reduction of
service providers who provide support for
a building’s operating and life-cycle costs
their specific corporate strategy.
and ultimately maintaining the value of
the property.
In order to prevent this, more and more
In addition to the maintenance and
An external facility manager is thus
inspection of a building’s technical
equipment, the external facility
be realized is determined by the service
management service provider’s task is
level desired by the customer. If the entire
also to provide a bundle of services that
workforce that was previously entrusted
increases the property’s cash flow while
with the services to be outsourced is taken
maintaining and augmenting its value over
over by the new external service provider
the long term.
at the same salaries and the service level
maintained on an unchanged basis, the
The range of services provided by
The magnitude of the savings that can
RGM Turkey, Istanbul, (a joint venture
savings will be nominal over the short
between Nurol Holding Inc. and RGM
term, but significant over the long term.
facility management GmbH, Dortmund)
In such cases, the client will derive cost
encompasses every aspect of technical
benefits if the transferred staff looks
building management for modern office
after other properties in the area, for
buildings, shopping centers and large real
example, or if tradesman services that
estate portfolios; its areas of expertise
had previously been outsourced to third
include the inspection, maintenance
parties are now provided by the facility
and servicing of ventilation, cooling
manager himself. This can also be achieved
and air-conditioning technology as
by retraining members of staff. The “FM
well as sanitary facilities, heating and
model” is ultimately the decisive factor
electrical equipment. In addition, it also
in pricing; if the model is not altered,
provides advisory services for investment
the price point will remain more or less
SHOPPING CENTER GUIDE TURKEY 2014
unchanged. However, RGM TURKEY A.S.
for scenarios such as revaluations, rent
can adapt the models – without altering
defaults or the threat of distress sales.
the service level – such that savings of up
The pressure on companies to outsource
to 30% can be achieved through greater
facility management services is likely to
flexibility and mobility.
increase over the long term; at the latest,
when the margins in the company’s core
If the landlord wishes to lower his
costs, he can accomplish this by investing
business shrink and the pressure increases
in energy-related renovations, such as
to farm out services that did not originally
installing new windows, for example,
belong to the core business, such as
but user behavior can also be altered
facility management.
to achieve further savings: electricity
consumption can be reduced by using
encompasses the entire life-cycle
movement sensors for room lighting or
of a property, from the first design
stand-by switches for photocopiers.
stage to recycling of its materials and
demolition. This holistic attitude requires
Facility management is thus not merely
Modern facility management now
a matter of maintaining and servicing
comprehensive business management and
technical equipment; its principal concern
technical skills of a buildings manager,
is to reduce ongoing operating costs and
in addition to original thinking and an
maintain the value of the building. Ever-
innovative approach. Modern property
increasing cost pressure on companies is
management is just as closely linked with
causing them to keep a constant eye on
business administration and the real
their potential for improvements and cost-
estate business as it is with site planning,
cutting and to take steps to realize these
building technology, HR law and resource
sustainably. Qualified facility management
management. In short, today’s facility
provides an opportunity to get a handle on
manager is a generalist who sees the big
these costs and to generate an economic
picture and interacts with investors and
return; RGM Turkey’s aim is to ensure
users on multiple levels.
the economic benefit and usability of a
property through low operating costs and
to safeguard its value over the long term.
RGM Turkey also offers special
strategies for real estate portfolios that
require bespoke management as a result
of prevailing economic or property market
conditions – only a small minority of
property owners are properly prepared
OUTLOOK 15
16 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
CONSUMER FINANCE, REAL ESTATE
FUNDAMENTALS AND SHOPPING
CENTER INDUSTRY IN TURKEY
Stakeholders in shopping center industry may carefully analyze in their decision
making both positive long-term outlook of Turkey and also trends in consumer
finance and real estate market fundamentals with some region specific risks.
Rising of shopping center in last decade
performance during last decade. In this
represents one of the latest transformations
context, one may objectively argue that
in Turkey, in terms of new consumption
housing markets were one of the important
patterns, newly emerging urban life
elements of successful economic period
style and business dynamics. Increasing
occurred in last decade (Coşkun, 2012:
consumerism with more household debt is
11-12). Although still a relatively immature
bothersome for most of the economists. But,
it seems that retail investors seem happy to
market in terms of total shopping centre
space per capita (121 m2 of GLA per 1,000
Dr. Yener Coşkun
the increasing number of shopping centers
inhabitants), Turkey is anticipated to
Senior Expert, Capital Markets
in all around the country, and specifically
benefit from the second largest pipeline
Board of Turkey&Visiting
in Istanbul. Consumer demand has been
in Europe, with over 2.2 million sq.m
Lecturer, Izmir Univ. of
the prime driver behind the strong growth
expected to be completed by the end of
Economics & University of
of the retail sector and the size of the prize
2015. Istanbul remains the destination
Sarajevo, MRICS
continues to increase for international
of choice as over half of all schemes are
chains. Deloitte Turkey Corporate Finance
expected to be completed in the city,
forecasts that sales in the Turkish retail
including two of the largest projects in the
sector of USD 313bn (£193.5bn) in 2012 will
continent (Cushman&Wakefield, 2014: 1).2
be boosted by 10% growth per annum until
Now, there are 299 shopping centers in
2016.1
Analyzing last decade, we may define
54 different regions of Turkey with the 40
that the industry did a good job. However,
billion Turkish Lira investment. 3 Therefore,
growing number of people have been asking
from residential/commercial markets
in Turkey whether number of shopping
perspective, Turkish market seems exciting.
centers is more than enough. This opinion
article considers whether consumer finance
behaviour/finance and relevant
and real estate fundamentals still show
macroeconomic variables in Turkey, we
“strong buy” (or at least buy) status for the
may review indicators in Figure 1. In this
idea of new shopping center investment. This
respect, first, growing FDI is one of the
consumer-finance based macroeconomic
recent major trends in Turkish real estate
analysis would be complementary on some
(and housing) sector (Coşkun, 2014a).
sector-specific analysis.
According to international direct investment
inflow into Turkey, net real estate purchases
From housing/real estate market
To analyze trends in consumer
perspective, housing and also real
of foreigners is USD 20.9 billion in period
estate markets have showed noteworthy
of 2004-2012. 4 Second, while mortgage
18 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
loan rate decreased to 11% as of 2014/8
from 55 % as of 2001/12, mortgage and
constructions loan volumes respectively
increased to USD 55 billion and 39 billion in
2014/7, with very low NPL ratios. However,
as we noted in our previous studies,
housing (and real estate) market activities
in Turkey may require more careful
management in the next few years (Coşkun,
2014a; 2014b). Stakeholders would be also
careful on further developments in Turkish
retail sector. As seen in Figure 1, interest
rates of personal and consumer loans
References
have declined dramatically in last decade.
- Coskun, Yener. (2012). Im Spiegel: Der Wohnungsmarkt in der
On the other hand, consumer /personal
Türkei. SPH Newsletter 10 (April): 10-12. Available at: https://
finance loans, consumer price index, and
spk.academia.edu/DrYenerCoşkunMRICS/Non-Academic-Papers
construction loans have also increased
- Coşkun, Yener. (2014a). Housing Finance in Turkey in last
dramatically in recently. Moreover, general
25 Years: Good, Bad or Ugly?. Working Paper. 2014 ENHR
consumer confidence index (CCI) and CCI
Conference. 1-4 July. Scotland.
for borrowing for consumption may imply
- Coşkun, Yener. (2014b). Overview of Turkish Housing Market:
weaknesses. Therefore, stakeholders in
Cautious Optimism. European Mortgage Federation (EMF)
shopping center industry may carefully
Mortgage Info. October: 8-9.
analyze in their decision-making both
- Cushman&Wakefield. (2014). Research Publication. Available
positive long-term outlook of Turkey and
at: http://www.cushmanwakefield.com/~/media/ global-
also trends in above selected fundamentals
reports/European%20SC%20Development%20Report%
with some region specific risks.
20April%202014%20Martin.pdf (accessed on: 2/11/2014).
20 OUTLOOK
SHOPPING CENTER GUIDE TURKEY 2014
LIBERAL APPROACH FOR
FOREIGN CURRENCY RENTALS:
PROVISIONS OF TURKISH LAW FOR
OBLIGATIONS REGARDING
RENT INCREASES
Under the new law, rental increases in Turkish Lira may not exceed the PPI and no
increases are allowed for rents in foreign currency.
The new Turkish Code of Obligations
parties are allowed to initiate a lawsuit for
(New TCO) numbered 6098 which went
the redetermination of the rental (rental
into effect on July 1, 2012 has made
determination lawsuit). In such case, the
fundamental changes on the leasing
court may re-determine the rental based
of properties primarily based on the
on criteria such as PPI rates, a change in
precedent case law developed by the
the exchange rate of foreign currency, the
Court of Appeals. One of the changes, in
condition of the leased property and rental
particular, is related to rent increases. Prior
prices within the region.
Serkan Gül
to the New TCO, the issue was regulated
Partner,
under the precedents of the Court of
Hergüner Bilgen Özeke
Appeals. Precedents of the Court of Appeal
Attorney Partnership
were controversial and it was not clear
MANDATORY NATURE OF
RESTRICTIONS SET FORTH UNDER
THE NEW TCO
whether an increase in the rental rate
The aforementioned provisions are
would be allowed for rentals determined in
mandatory. Accordingly, any provisions
foreign currency.
of the lease agreements that are contrary
INCREASE RATE UNDER THE NEW TCO
to these provisions will be deemed void.
Thus, the PPI announced by the TurkStat
The New TCO clarified this issue and set
will be applied for rentals in Turkish Lira
forth express provisions restricting the
and no increase will be allowed for rentals
increase rate for rentals both in foreign
in foreign currency, notwithstanding
and local currency. As per Article 344 of
any increase rate set forth in the lease
the New TCO, increase rates for rentals in
agreement higher than the foregoing.
Turkish Lira may not exceed the Producer
However, if an increase rate lower than
Price Index (PPI) that is announced by the
the PPI is determined by the parties,
Turkish Statistical Institute (TurkStat).
the increase rate set forth in the lease
No increase rates are allowed for rents
agreement will be applicable (i.e. index
determined in foreign currency.
lower than the PPI, setting forth a limit for
exchange rate, etc.).
Such principles apply for the 5 year
period following the execution of the lease
agreement. At the end of such period, the
SHOPPING CENTER GUIDE TURKEY 2014
DEFERRAL OF RESTRICTIONS’
APPLICATION
Following July 1, 2020, Article 344 of the
As per the Law on the Amendment
New TCO will be applicable and the rent
of Certain Laws for the Purposes of
increases will be subject to the restrictions
Accelerating Judiciary Services No. 6217
set forth under Article 344, unless the
(Law No. 6217), the application of Article
term of Article 2 of Law No. 6217 is not
344 of the New TCO is postponed for
extended until such date. However, it is not
8 years for lease agreements (until July 1,
clear whether the increase rate set forth for
2020), where the lessee is a merchant or a
rents payable after July 1, 2020, in the lease
public or private legal entity. As per Article
agreements which are executed before July
2 of Law No. 6217, initially provisions in the
1, 2020, will be valid. In our opinion, the
lease agreements will be applicable (if any),
issue will be finally resolved by the Court
in accordance with the freedom of contract.
of Appeal, at such date, in line with general
If the rental increase is not regulated under
principles of law.
the lease agreement, the Law of Obligations
that have been abolished by the New TCO
will apply.
It is generally accepted that, for the
lease agreements within the scope of Law
No. 6217, parties may freely determine an
increase rate for rents in local and foreign
currency, without being subject to the
restrictions set forth under Article 344 of
the New TCO. As per its latest decisions,
the Court of Appeals confirmed such
approach and allowed rental increases for
lease agreements within the scope of Law
No. 6217, without being subject to limits set
forth in Article 344 of the New TCO.
STATUS AFTER JULY 1, 2020
OUTLOOK 21
WHO’S
WHO >>>
SHOPPING CENTER GUIDE TURKEY 2014
WHO’S WHO 23
ÆRIUM
Founded in 2003, ÆRIUM is an independent pan-European real
estate investment manager, headquartered in Luxembourg, with
offices in London, Paris, Geneva, Dusseldorf and Istanbul.
With over USD 8 billion under management throughout Europe
and Turkey, ÆRIUM ranks amongst the leading independent
platforms in Europe.
Anthony Khoi
President &
also manages separate account mandates for long-term institutional
CEO
investors.
ÆRIUM has launched 16 closed-ended funds since 2003, and
Acquisitions to date total over 650 assets across Europe and
Turkey, with a typical asset size of between USD 30 million and
USD 150 million.
In 2005, Ærium became one of the first foreign investors to
purchase Turkish commercial properties.
Despite a global financial crisis, Ærium has achieved an
exceptional track record and has found unrivalled success in
managing and developing its portfolio of properties through
proactive asset management strategies.
In 2014, Ærium Turkey employs over 100 people that manage
USD 800 million in property, with an additional USD 3 billion under
development. Ærium has proven it is not only a market pioneer,
ÆRIUM Turkey
Terrace Fulya Center 2 D.40
Hakkı Yeten Caddesi Teşvikiye 34365 Şişli
Istanbul, Turkey
T.+90 212 215 50 95
F.+90 212 215 50 96
ÆRIUM United Kingdom
49 Grosvenor Street W1K 3HP London, UK
T. +44 (0) 207 838 7900
F. +44 (0) 207 838 7858
www.aerium.com
but also a leader and expert in Turkey’s shopping centre sector.
24 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
AVM PARTNERS
Avm Partners was established in March 2006 by Aydın Yurdum,
Tarkan Ander and Dora Şahintürk.
Turkey’s leading shopping center consultancy and services
company.
Our Leasing track record includes some of the well-known SC’s
such as Capacity, Gordion, Taurus, Next Level.
Aydın Yurdum
Tarkan Ander
Dora Şahintürk
Chairman
Board Member
Board Member
12 years.
The team has been involved in more than 150 projects in last
At present our shopping center portfolio is 1,7 million m² GLA.
The total GLA of projects currently under management is almost
630,000 m² and more than 3,950 lease contracts have been signed
in the last eight years.
LEASING PROJECTS
MANAGEMENT PROJECTS
212 Istanbul Power Outlet
212 Istanbul Power Outlet
Palladium Antakya
Palladium Antakya
Palladium Ataşehir
Palladium Ataşehir
Neoplus Outlet
Neoplus Outlet
Kayseri Meysu Outlet
Kayseri Meysu Outlet
Gimart Outlet
Gimart Outlet
Sümer Park SC
Sümer Park SC
Van SC
Serdivan SC
Serdivan SC
MarkAntalya SC
MarkAntalya SC
Taurus Ankara SC
Taurus Ankara SC
Next Level SC
Next Level SC
Antares SC
Antares SC
Milas Pomelon SC
Milas Pomelon SC
Kent Plaza SC
Kent Plaza SC
Palladium Residence
Platform Outlet
Next Level Residence / Office
Skyland SC
Ebulula Mardin Cad. Akatlar Maya Sitesi
Isparta SC
Z Blok Akatlar – Beşiktaş
Atlas SC
CanPark SC
Tel: +90 212 324 52 22
Fax: +90 212 324 74 84
www.avmpartners.com.tr
SHOPPING CENTER GUIDE TURKEY 2014
REFERENCE PROJECTS 25
Palladium Ataşehir, Istanbul
212 Istanbul Power Outlet, Istanbul
Antares, Ankara
MarkAntalya, Antalya
Next Level, Ankara
Kent Plaza SC, Konya
Taurus SC, Ankara
Skyland, Istanbul
26 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
CEFIC
LEADER IN TURKEY WITH OVER 20 YEARS OF EXPERIENCE
AND SUCCESS
CEFIC consulting company is operating in Europe since 1986 and in
Turkey since 1994. CEFIC is providing service with an international
know-how and tailored solutions to strongly support investors,
Anthony Khoi
Yağmur Yaşar
Nihat Evcimen
developers and tenants for the most efficient results in growth and
President &
Secretary
Finance &
added value. With its team of 85 professionals, CEFIC manages over
CEO
General
Administration
350,000 sqm GBA of shopping centers and commercial properties in
Director
Turkey.
The company supports its clients in investment, development,
design, leasing, property and facility management, as well as
sales, marketing & promotion of shopping centers and commercial
properties. Its deep market knowledge and experience have
established CEFIC as the leading expert in its field in Turkey. CEFIC
is highly recognized by the industry with one of the best track
records for accomplished achievement during the past 20 years in
the Turkish market. CEFIC continues to strive for excellence and
performance in the art of shopping center leasing and management.
CEFIC
Ihlamur Yıldız Cad. No:8 Toprak Center A Blok 4. Kat
Beşiktaş / Istanbul / Turkey
T. +90 212 327 11 40
F. +90 212 258 98 54
www.ceficturkey.com
SHOPPING CENTER GUIDE TURKEY 2014
WHO’S WHO 27
CORIO TURKEY
Corio is a retail property company. Our core business is to create
Favourite Meeting Places through selecting, developing and
operating shopping centers in Europe. Our vision is to create places
where people like to meet and return to, any time of the day, for
anything and in any mood. The retail environment is changing
rapidly. The market is moving from being supply-driven to demandCem Alfar
driven. Retail is evolving from a shopping experience to a social
CEO
experience and sustainability is increasingly being integrated
in daily life. We are adapting to these new realities. Our skills,
combined with technological opportunities, are enabling us to
create something new–to create places where people connect with
shopping centers and with each other: places where individuals can
relax, socialize, feel at home and be inspired.
Turkey is one of Corio’s core markets and the only emerging
market in the portfolio that offers excellent opportunities and
prospects. In April 2005, Corio made its first investment in the
Turkish market. In the initial public offering of Akmerkez REIT, it
acquired an interest of 47% in the trend-setting Akmerkez shopping
center in Istanbul for US USD 190 million (approx. €147 million).
This shopping center has received numerous awards, including
the ‘Best Shopping Center in Europe’ award and the ‘International
Design and Development’ award, both granted by the International
Council of Shopping Centers (ICSC). In 2007, Corio announced the
acquisition of the following shopping centers: Teras Park in Denizli
(51%), Ada in Sakarya (100%), 365 in Ankara (100%), and Tekira
in Tekirdag (100%). In 2008, Corio announced the acquisition of
Anatolium Bursa shopping center (100%) in the city of Bursa, with
a gross leasable area of 84,000 m² and anchored by Media Markt,
IKEA and Carrefour. Lastly, Corio developed Tarsu Shopping Center
in Mersin which opened in 2012. Media Markt opened as stand-­alone
Corio Türkiye Kanyon Ofis Blok Büyükdere Cad.
electronics anchor in Teras Park in 2014.
No:185 Kat 18 Levent 34394
Istanbul, Turkey
in accordance with Corio’s hands-on management philosophy,
The company’s shopping centers in Turkey are managed locally
except for Akmerkez. Through this approach, we continuously look
T +90 212 371 30 00
for ways to optimize each shopping center based on the needs and
F +90 212 353 54 40
wishes of the tenants and consumers. Corio will continue to pursue
E [email protected]
investments in high-quality operational shopping centers, which
W www.corio-eu.com
have added value for municipalities, retailers and consumers in
Turkey.
28 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
COUNCIL OF SHOPPING CENTERS - TURKEY
AYD has blazed many trails at the sector as a result of its activities that
were initiated for the purpose of leading the shopping centers sector in
a responsible manner, and making contributions to the development of
the retail sector.
Vision: to ensure that shopping centers become first-class venues
Hulusi Belgü
Avi Alkaş
Coşkun
which allow consumers to enjoy their shopping experiences; create
Chairman
Vice Chairman
Bayraktar
added values for the retail sector; and are integrated with the cities in
Vice Chairman
which they are located.
Mission: to make contributions to the development of the shopping
centers sector in a sound manner together with retailers, sectoral
solution partners, and consumers pursuant to the said vision.
AYD office focuses on:
• SC’s Databank
Fuat Atalay
Nuri Şapkacı
Nihat
• SC’s Index
Vice Chairman
Vice Chairman
Sandıkcıoğlu
• SC’s Investment Conference VI. (06.03.2014)
Secretary
• SC’s Customer Perception Survey (January, 2014)
General
• Most Admired and Preferred Brands Survey (06.11.2013)
• Discussion Meetings
• SC’s Study Tours (Dubai, China, Poland, UK, Portugal, Singapore &
Hong Kong… )
• Shopping Centers Turkey (PC / iPad / iPhone) app.
Büyükdere Cad. Meydan Sok.
Veko Giz Plaza N:20 A-Blok K:14/47
Maslak Istanbul
T +90 212 353 54 74
F +90 212 353 54 75
www. ayd.org.tr
[email protected]
SHOPPING CENTER GUIDE TURKEY 2014
WHO’S WHO 29
ESAS PROPERTIES
Esas Properties is one of the most innovative, dynamic and young
company, focusing on the investment opportunities in Turkey and
abroad. We are pursuing investment opportunities in larger regions
in Turkey and particularly in the UK and USA. We are evaluating
these opportunities with the most correct strategy. Real estate
sector is a dynamic market, enabling new investments, purchases
Erhan Kamışlı
Kazım
Mustafa
and incorporation. Moreover, since this sector is a market where a
Chairman of
Köseoğlu
Doğaner
constant growth is to be maintained, and a market with a high yield
the Board
Board Member
Director of
potential in terms of investment that can provide profit increase
Real Estate
with productive projects, it is not only a significant, but also a
privileged sector for us.
If we are to mention about the investments that we have done
under the roof of Esas Properties; we are one of the major investors
of 850 million Dollar investment for 7 shopping centers and
11 office buildings within the scope of our UK based abroad
projects. Also 1 hotel and 2 office buildings are under construction
by us in Manhattan, NY.
We have invested 300 million Dollars in total so far for our other
projects such as Kurtköy Aeropark, Maltepe Ofispark, Kavacık Esas
Plaza in Turkey. For our 14 Burda SC project that we accomplished in
Bolu, 75 million Dollars of investment has been made and for our
41 Burda SC project, which we accomplished in partnership with
STFA in Kocaeli, 150 million Dollars of investment has been made;
for our 17 Burda SC project in Çanakkale, 75 million Dollars of
investment has been made by us.
In the following periods, 500 million Dollars of investment will
have been made in the commercial real estate sector, particularly in
determined secondary cities. We are aiming to reach 500 thousand
meter square GLA in Turkey, thus constituting a portfolio as big as
2 billion Dollars in total at the end of 2016.
Esas Plaza, Rüzgarlıbahçe Mah.
LOCAL ASSETS
Kavak Sok No:29 34805 Kavacık Istanbul TURKEY
14 Burda in Bolu
17 Burda in Çanakkale
T +90 216 681 85 00
41 Burda in Kocaeli
F +90 216 681 85 60
Esas Aeropark
www.esasgayrimenkul.com.tr
Esas Ofispark Maltepe
Esas Plaza
INTERNATIONAL ASSETS
7 shopping centers and 11 office buildings in UK
1 hotel and 2 office buildings in USA
30 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
FORM CENTRAL AIR CONDITIONING
Form Central Air Conditioning is a sales and service company
for Central Air Conditioning equipment. The company provides
equipment and also helps designers and investors in choosing
the right system for their building due to long experience. The
main desire is in creating high efficiency and “Green Certified
Buildings”. The company provides various different kinds of central
Mehmet Oral
Mehtap Sartık
Hüseyin Atakan
air conditioning units for any size and type of project. The main
General
Deputy
Istanbul
equipment provided are Rooftops, Heat Pumps units, Chillers, Cooling
Manager
General
Regional
Towers, Fancoils, Air Handling units and Absorption Chillers. The
Manager /
Manager
company represents over 10 companies from all around the world,
Sales
each specific and world leader in its production range.
Majority of the references/applications are in shopping centers,
hotels, business centers, hospitals, cinemas, supermarkets and
industrial facilities. FORM has over 60% market penetration for air
conditioning applications in Turkey in shopping centers, cinemas and
supermarkets.
Also, FORM is one of the most skilled companies in high efficiency
solutions, doing the largest ground source heat pump application in
Pınar Gürler
Turkey, the largest sea water cooled chiller and heat pump systems,
Chief Sales
the only ground water cooled heat pump shopping center and similar
Engineer
applications.
Today the majority of the shopping centers are using the heat
pump solution and Form with Climate Master units has an over 85%
market penetration on this activity. Europe’s third largest ground
source heat pump application “Meydan Shopping Center” was
completed by Form Group and also Europe’s largest underground
water source heat pump applications Terracity Antalya Shopping
Center as well.
Rooftops
Eski Büyükdere Caddesi Sümer Sok. No:3 Ayazağa Ticaret
Heat Pumps
Merkezi Kat :16 Maslak 34398 Istanbul
Chillers
P: +90 212 286 18 38
F: +90 212 286 66 48
Large Centrifugal and Screw Chillers
E: [email protected]
www.formgroup.com
Cooling Towers
AHU Units and Fancoils
SHOPPING CENTER GUIDE TURKEY 2014
Torium SC, Istanbul
Mall of Istanbul SC, Istanbul
Koru Florya SC, Istanbul
Taurus SC, Ankara
Istinye Park SC, Istanbul
Ceylan Karavil SC, Diyarbakır
Meydan SC, Istanbul
Brandium SC, Istanbul
REFERENCE PROJECTS 31
32 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
METRO PROPERTIES TURKEY
METRO PROPERTIES is the real estate entity of METRO GROUP. The
company combines comprehensive retail competence with extensive
expertise in real estate and consistent execution. When it comes to
investing in developing and managing modern retail and wholesale
locations, METRO PROPERTIES is the partner of choice. The company
is committed to contributing to the success of its clients and adding
Eyüphan
Osman Koçak
Ilker Aydın
value to the customers and manages to be the sales divisions’
Boyvadaoğlu
Finance
Director
landlord and solutions provider at the same time. This is what is
Managing
Director
of Project
meant by DRIVING REAL ESTATE VALUE. The core responsibility of
Development
METRO PROPERTIES Turkey is to enhance the value of its real estate
and Asset
assets in the long term through active asset and strategic portfolio
Management
management. From scratch to completion, METRO PROPERTIES acts
Director
as a Real Estate Developer and Investor for the expansion of METRO
GROUP Sales Lines. With its international experience and knowhow of the management and leasing of own and managed shopping
centres, METRO PROPERTIES now teams-up with Third Party Real
Estate Developers/Investors to expand its own portfolio with new
shopping centers projects. From new builds to conversions, from
modernisations to extensions: METRO PROPERTIES Turkey offers its
Deniz
Hüseyin
Göksel
Tolunay
Okumuş
Atikeler
Özkızılırmak
Head of Center
Head of
METRO PROPERTIES TURKEY PORTFOLIO
Head of Legal
Management
Finance &
- A total land of 1,147,429 m²
Administration
- A total leasable area of 460,868 m²
Affairs Division
customers turnkey solutions for retail property.
- Total car park area for 21,221 vehicles,
- 9 Shopping Centers in Adana, Ankara, Antalya, Bursa, Gaziantep,
Izmit, Konya, Istanbul Kartal and Merter
- 20 METRO Cash&Carry stores
Muammer Çene
Head of Leasing
ACTIVE PROJECTS OF METRO PROPERTIES
Management
- M1 Merkez SC / Adana
- Podium SC / Kırıkkale
- M1 Merkez SC / G.Antep
- Pashador SC / Bayrampaşa -
- M1 Merkez SC / Kartal
Istanbul
- M1 Merkez SC / Konya
- Çelikpark SC / Bafra
Marmara Forum Garden Office Kat :3
- Meydan SC / Merter - Istanbul
- Kilia SC / Şile
Osmaniye Mah. Çobançeşme Koşuyolu Bulvarı No:3
- Real SC / Antalya
- Aquamall SC / Denizli
PK 34146 Bakırköy/Istanbul
- Real SC / İzmit
- Meydan SC / Mersin
- Metro / Bursa
- Nevora SC / Nevşehir
T +90 212 454 43 00
F +90 212 451 07 41
[email protected]
www.metro-properties.com.tr
SHOPPING CENTER GUIDE TURKEY 2014
WHO’S WHO 33
MULTI TURKEY
Multi is a leading owner, manager and (re)developer of high quality
shopping centres across Europe and Turkey. As a well-capitalised,
growth-oriented, pan-European retail platform Multi is focussed
on creating, managing and improving sustainable rental income.
Multi having developed over 200 projects and currently managing
60 assets, is active in 12 European countries today. The “Forum”
Hulusi
Patrick Van
Steven
shopping centers of Multi are unique projects with their special
Belgü
Dooyeweert
Poelman
custom architecture in full compliance with the cities they are
Member of
Member of
Member of
located in, and in their sensitivity to the local environment and the
Board
Board
Board
community. Multi Turkey is formed with the integration of Multi
and Qubicon and is an affiliate of real estate funds managed by
the Blackstone Group. Multi Turkey is the biggest retail platform in
Turkey, with 14 shopping centers in operation and 3 new projects
in development. The portfolio includes Forum shopping centers, as
well as Gordion, Erzurum SC and Magnesia.
ACTIVE PROJECTS OF MULTI TURKEY
Joao Xavier
Özge Ülkü
Forum Bornova (Izmir); 67,000 m² rental space, 130 stores
Mall
Leasing
Forum Mersin (Mersin); 71,500 m² rental space, 200 stores
Management
Director
Forum Çamlık (Denizli); 33,900 m² rental space, 130 stores
Senior Director
Forum Trabzon (Trabzon); 49,200 m² rental space, 177 stores
Forum Aydın (Aydın); 29,400 m² rental space, 120 stores
Forum Ankara (Ankara); 86,300 m² rental space, 149 stores
Forum Istanbul (Istanbul); 175,000 m² rental space, 265 stores
Forum Kapadokya (Nevşehir); 24,500 m² rental space, 75 stores
Marmara Forum (Istanbul); 135,000 m² rental space, 310 stores
Forum Kayseri (Kayseri); 65,000 m² rental space, 200 stores
Forum Gaziantep (Gaziantep); 44,000 m² rental space, 110 stores
Gordion (Ankara); 49,950 m² rental space, 150 stores
Erzurum AVM (Erzurum); 32,000 m² rental space, 112 stores
Magnesia (Manisa); 19,000 m² rental space, 70 stores
Büyükdere Cad. No:199 Levent 199 Ofis Binası Kat:25-26
PROJECTS UNDER DEVELOPMENT
Levent - Şişli / Istanbul
Forum Diyarbakır (Diyarbakır); 52,800 m² rental space, 140 stores
Forum Adana (Adana); 42.500 m² rental space, 140 stores
T +90 212 349 10 00
F +90 212 349 10 99
www.multi.eu
Forum Elazığ (Elazığ); 34,500 m² rental space, 110 stores
34 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
PALLADIUM SHOPPING CENTER ANTAKYA
Since its recent opening in 2013, Tahincioglu Real State’s Palladium
Antakya Shopping Center in Hatay has become the most popular
shopping destination in the area. With its 125 stores and 1,100 space
parking lot it holds its own as being first-rate in architecture and design.
The use of greenery with Antakya’s traditional stone and wood
architecture is evident throughout the shopping center and the
Özcan
glass ceiling, which brings natural sunlight into the shopping center,
Tahincioğlu
creates a beautiful and comfortably lit atmosphere for its visitors.
Chairman of
Board
the shopping center is a certified LEED member.
Putting the importance of Eco-Friendly standards as a priority
The Center offers many well-known Turkish as well as foreign
Ihsan Ertuğ Turan
retailers in include H&M, Mango, MAC, Yves Rocher, Deichmann,
Shopping Center Manager
Migros, Teknosa, Tekzen, Gratis, LCW, Koton, Mavi, Mudo, Kiğılı,
Ipekyol, Sportive, Tekin Acar, Adidas, Burger King, Sbarro, Popeyes,
Mc Donald’s, KFC.
Antakya’s culturally prominent waterfall themed courtyards have
been recreated in the shopping center alongside a large terrace
for a unique resting experience for its shoppers. Various children’s
activities such as bowling and Turkey’s first largest shopping center
slide is a definite attraction for families.
With its diverse brands, prominent location and attractive
promotions, Palladium Antakya Shopping Center offers a shopping
experience that’s above and beyond any in the area.
The center has been leased and managed by Shopping Center
avmpartners, a leading property services company.
Haraparası Mah. Izzet Güçlü Sok.
No: 26 Hatay / Antakya 31060
T +90 326 290 00 01-09
F +90 326 290 00 10
www.palladium.com.tr
[email protected]
SHOPPING CENTER GUIDE TURKEY 2014
WHO’S WHO 35
PALLADIUM SHOPPING CENTER ATAŞEHIR
Opened in 2008 in Ataşehir, Istanbul, Palladium Shopping Center was
founded by Tahincioğlu Holding with the aim of becoming the most
popular living center on the Anatolian side of Istanbul. With 195 stores
and 2,500-space parking lot, Palladium is the most prominent project
on the Anatolian side of the city. It stands out with its natural light,
green areas and the giant glass sphere, which enables the maximum use
Özcan
of sunlight. The center offers major national and international brands
Tahincioğlu
such as Armani Jeans, Banana Republic, Bershka, Bobbi Brown, Burberry,
Chairman of
Gant, GAP, Lacoste, MAC, Massimo Dutti, Marks & Spencer,
Board
Mango, Michael Kors, Paul & Shark, Pull&Bear, Sephora, Stradivarus,
Swarovski, Tommy Hilfiger, Trussardi Jeans, Zara.
Ayşen Yerşen
Shopping Center Manager
a number of a la carte restaurants and cafes with open air terraces.
A rich foodcourt offering local and international tastes supplements
Various children’s entertainment areas and a 10-screen cinema make
the center a place beyond a shopping destination.
Palladium brings buoyancy to the retail industry with its fully
occupied leasable area of 40,000 m². It offers an exclusive living
experience for its guests beyond ordinary shopping with a diverse mix
of brands, perfect location and attractive campaigns.
The center has been leased and managed by Shopping Center
avmpartners, a leading property services company.
Barbaros Mah. Halk Cad.
No: 8-B, Atasehir, 34746, Istanbul, Turkey
T +90 216 663 15 00
www.palladium.com.tr
36 WHO’S WHO
SHOPPING CENTER GUIDE TURKEY 2014
TESCO KIPA
Kipa (Kitle Pazarlama A. Ş.) was founded in Izmir, a traditional port
and trade center, in 1992 through the initiative of 100 businessmen.
It has opened its first store in 1994. In 2003, Kipa’s majority shares
were bought by international retailer Tesco. Combining strong local
reputation and knowledge with international experience, Tesco Kipa,
or “Kipa” as it is known to its customers, continued its multi-format,
Jeffery Knapp
Lucy Walker
Gökçe Orhan
Adams
Finance
Property Director CEO
Director
multi channeled growth.
Today, it has 189 stores in 24 cities. Kipa shopping centers have
always been an essential part of Kipa’s growth. Kipa acts as an
investor, developer and asset management company. The first Kipa
shopping center was opened in 1994 in Izmir. Since then, we have
built and manage 35 shopping centers in 24 cities, 300,000 m2
lettable space, visited by 1,500,000 people weekly. In 2012, Kipa
also provides consultancy services for 3rd party investors on leasing,
project development and asset management.
Selen Sayın
M. Erkin
Aslı Orbay
TESCO KIPA TURKEY PROPERTY PORTFOLIO
Shopping Center
Baykan
Country
Total land : 1,087,954.25 m²
Operations
Assets Estates
Leasing
Total leasable area : 300,000 m²
Manager
Development
Manager
Total number of tenants : 737
Manager
Total car park area for 19,000 vehicles
REFERENCES
Çiğli Kipa SC
Kırklareli Kipa SC
Balçova Kipa SC
Çanakkale Kipa SC
Mersin Kipa SC
Uşak Kipa SC
Konya Kipa SC
Balıkesir Kipa SC
Yalova Kipa SC
Didim Kipa SC
Edremit Kipa SC
Bornova Kipa SC
Antalya Kipa SC
Lüleburgaz Kipa SC
Adapazarı Kipa SC
Ayvalık Kipa SC
Derince Kipa SC
Burhaniye Kipa SC
Edirne Kipa SC
Bodrum Kipa SC
Silivri Kipa SC
Isparta Kipa SC
Salihli Kipa SC
Polatlı Kipa SC
P: +90 232 398 88 88
Kuşadası Kipa SC
Alanya Kipa SC
E: [email protected]
Gaziemir Kipa SC
Muğla Kipa SC
www.kipaavm.com.tr
Keşan Kipa SC
Marmaris Kipa SC
Çerkezköy Kipa SC
Fethiye Kipa SC
Yeni Havaalanı Caddesi No:40 Çiğli Izmir
Aydın Kipa SC
Torbalı Kipa SC
Çorlu Kipa SC
For conference registration and sponsorship opportunities please contact Soysal +90 (212) 212 99 70 [email protected]
VII. Shopping Centers Conference is organized by
INDEX >>>
Sort by gross leasable area (GLA)
* Shopping centers with a GLA of less than 20,000 m²
are only listed without photographs.
40 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Bayrampaşa, Istanbul
2009
Investor:
Multi Turkey
Facility Management:
Multi Turkey
Leasing/Shop Mix:
Multi Turkey
Architect:
GLA:
Number of Stores:
Anchors:
T&T Design, BDP, Chapman Taylor, Era
175,000 m2
270
IKEA, Media Markt, Boyner, LCW,
Decathlon, YKM, C&A, Teknosa, H&M,
Mudo City, Zara, Ayakkabı Dünyası,
Marks&Spencer, E-bebek
Social Facilities:
Cinema, Bowling, Children’s Play Area,
Aquarium, Theme Park
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
FORUM ISTANBUL
Başakşehir, Istanbul
2014
Torunlar REIT
Torunlar AVM Yatırım Yönetim
In House
Ömerler Mimarlık, DDG
148,800 m2
350-400
YKM, Decathlon, Zara, Özdilek, H&M,
Mac Fit, Teknosa, Koton, Defacto,
Toyzz Shop, Flo, Aldar Rest, Victoria’s
Secret, Bimeks
Social Facilities:
Cinema, Theatre, Bowling, Ice Skate
Children’s Play Area
Location:
Opening Date:
Investor:
Bakırköy, Istanbul
2011
Multi Turkey
Facility Management:
Multi Mall Management
Leasing/Shop Mix:
Multi Mall Management
Architect:
GLA:
Number of Stores:
Anchors:
MALL OF ISTANBUL
Tabanlıoğlu
135,000 m2
297
Media Markt, Boyner, Decathlon,
YKM, D&R, H&M, Teknosa, Zara,
Marks&Spencer, Bimeks, LCW, Flo
Social Facilities:
Cinema, Bowling, Children’s
Play Area
MARMARA FORUM
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Eyüp,Istanbul
2013
Gürsoy Group & VIA Properties
In house
Leasing/Shop Mix:
-
Architect:
-
GLA:
INDEX 41
110,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
VIALAND
Location:
Opening Date:
Investor:
Yenimahalle, Ankara
1999
Yeni Gimat REIT
Facility Management:
ECE Türkiye
Leasing/Shop Mix:
ECE Türkiye
Architect:
GLA:
Number of Stores:
Anchors:
Meda Yapı, ANTS
110,000 m2
320
Bimeks Tekno Port, Boyner,
Marks&Spencer, Mudo, LCW,
Teknosa, H&M, Defacto, Flo,
YKM Sports
ANKAMALL
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Cinema
Mecidiyeköy, Istanbul
2005
ST Martins Property
Pradera Gayrimenkul
Leasing/Shop Mix:
-
Architect:
-
GLA:
Number of Stores:
Anchors:
110,000 m2
227
Tepe Home, YKM, Teknosa, C&A,
Debenhams, Zara, Marks&Spencer,
Koton, Winmax, Mudo, Veromoda,
Defacto, LCW, Linens
ISTANBUL CEVAHIR
Social Facilities:
Cinema, Theatre, Bowling
42 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Esenyurt, Istanbul
2012
Investor:
Marmarapark Gayrimenkul
Facility Management:
ECE Türkiye Proje Yönetim
Leasing/Shop Mix:
ECE Türkiye Proje Yönetim
Architect:
ECE Türkiye Proje Yönetim
100,000 m2
GLA:
Number of Stores:
Anchors:
250
Media Markt, Boyner, Zara, LC, C&A,
H&M, Koton, Flo
Social Facilities:
Cinema, Children’s Play Area
MARMARA PARK
Location:
Opening Date:
Investor:
Esenyurt, Istanbul
2010
Torunlar REIT
Facility Management:
Torun AVM Yatırım Yönetim
Leasing/Shop Mix:
Torun AVM Yatırım Yönetim
Architect:
GLA:
Number of Stores:
Anchors:
Dome Mimarlık, Chapman Taylor
89,500 m2
188
Mudo City, Zara, Toyzshop,
Boyner Sport
Social Facilities:
Cinema, Bowling, Ice Skate,
Children’s Play Area
TORIUM
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Istinye, Istanbul
2007
Orjin Grup & Doğuş Grup
Istinye Yönetim Hizmetleri
DDG, Ömerler Mimarlık
87,200 m2
280
Boyner, Beymen, C&A, Zara, D&R,
Mudo, H&M, Vakko, Marks&Spencer,
Ralph Lauren, Darty
Social Facilities:
Cinema, Children’s Play Area
ISTINYE PARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Mamak, Ankara
2012
Nata Holding
Facility Management:
JLL
Leasing/Shop Mix:
JLL
Architect:
GLA:
Number of Stores:
Anchors:
INDEX 43
A Tasarım
87,000 m2
155
LCW, Aldora, Doğançay, Kayseri Çocuk
Dünyası, Ider Mobilya, Çarşı, Bigmall,
Vatan Bilgisayar, Arkadaş Kitabevi,
Defacto, Teknosa, Nike
NATA VEGA OUTLET
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Children’s Play Area
Oran, Ankara
2007
Pandora REIT
Facility Management:
Panora
Leasing/Shop Mix:
Panora
Architect:
GLA:
Number of Stores:
Anchors:
A Tasarım
85,800 m2
149
Beymen, Boyner, D&R, Mudo,
Marks&Spencer, Teknosa, Zara
Social Facilities:
Cinema, Theatre, Bowling, Children’s
Play Area
PANORA
Location:
Opening Date:
Investor:
Etlik, Ankara
2007
Dolunay Ormancılık
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
Anchors:
A Tasarım
84,500 m2
188
Media Markt, C&A, Evoda, Teknosa,
LCW, Çarşı, Amade Dolmabahçe,
Amade Topkapı, Koton, Flo
Social Facilities:
ANTARES
Cinema, Theatre, Bowling, Children’s
Play Area
44 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Osmangazi, Bursa
2010
Corio Turkiye /Maya
Corio Turkiye
In House
CPU Retail Architect LDA
83,400 m2
157
IKEA, Media Markt, LCW, Mudo
Bowling, Ice Skate, Children’s
Play Area
ANATOLIUM BURSA
Location:
Opening Date:
Investor:
Acıbadem, Istanbul
2014
SAF REIT
Facility Management:
Ak Yaşam Yönetim
Leasing/Shop Mix:
Ak Yaşam Yönetim
Architect:
GLA:
Number of Stores:
Anchors:
DDG, Ömerler
80,000 m2
233
Boyner, Zara, Crate&Barrel, Beymen,
Vakko, Marks&Spencer, D&R,
Victoria’s Secret, LCW
Social Facilities:
Cinema, Children’s Play Area
AKASYA ACIBADEM
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Çankaya, Ankara
2010
Megatürk İnşaat
In House
Inside AVM Danışmanlık
Öncüoğlu
80,000 m2
206
Media Markt, YKM, Decathlon, LCW,
Rossman, Darty, Lazzoni, Arkadaş
Kitabevi
Social Facilities:
Cinema, Theatre, Bowling, Children’s
Play Area
KENTPARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Etlik, Ankara
2008
Investor:
Multi Turkey
Facility Management:
Multi Turkey
Leasing/Shop Mix:
Multi Turkey
Architect:
GLA:
Number of Stores:
Anchors:
INDEX 45
T&T Design, CPU
78,600 m2
134
Media Markt, YKM, Teknosa, Bauhaus,
LCW, Yataş, Porland, Hayal Dünyası
Oyuncak, B.SS’D
Social Facilities:
Cinema, Children’s Play Area
FORUM ANKARA OUTLET CENTER
Location:
Opening Date:
Investor:
Seyhan, Adana
2000
Metro Properties, Fiba AVM
Geliştirme
Facility Management:
Metro Properties
Leasing/Shop Mix:
Metro Properties
Architect:
GLA:
Number of Stores:
Anchors:
TPM Teknik
76,600 m2
100
Media Markt, Boyner, YKM, Mudo,
Zara
Social Facilities:
Cinema, Children’s Play Area
M1 MERKEZ ADANA
Location:
Opening Date:
Investor:
Maltepe, Istanbul
2005
Carrefoursa Carrefour Sabancı
Ticaret Merkezi
Facility Management:
ECE Türkiye Proje Yönetim
Leasing/Shop Mix:
ECE Türkiye Proje Yönetim
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
MALTEPE PARK
Chapman Taylor,
Fehmi Kobal Design
75,000 m2
250
Teknosa, Zara, Koton, LCW, C&A
Cinema, Bowling, Children’s
Play Area
46 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Yenişehir, Mersin
2007
Union Investment AG
Multi Turkey
T&T Design, Chapman Taylor
72,300 m2
202
Media Markt, Boyner, LCW, YKM, Zara,
Mudo, Ayakkabı Dünyası, M&S
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Bowling, Children’s Play Area
Çankaya, Ankara
2007
Üstünçelik İnş.
Facility Management:
Cepa Çelebcioğlu Proje Yönetimi A.Ş.
Leasing/Shop Mix:
Cepa Çelebcioğlu Proje Yönetimi A.Ş.
Architect:
GLA:
Number of Stores:
Anchors:
Öncüoğlu
72,000 m2
195
Bauhaus, Teknosa, LCW, H&M, D&R,
Boyner
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Children’s Play Area
2007
Torunlar REIT
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Tago Mimarlık
72,000 m2
196
Elektroworld, Beymen, M&S, Boyner,
Zara, C&A, Deco Center, Mudo
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Theatre, Children’s Play Area
2011
Maya Holding
Mallexpert
Leasing/Shop Mix:
Mallexpert
GLA:
Number of Stores:
Anchors:
CPU Retail Architect LDA
70,000 m2
81
Leroy Merlin, Electroworld/Bimeks,
Koton
Social Facilities:
KORUPARK
Mamak, Ankara
Facility Management:
Architect:
CEPA
Osmangazi, Bursa
Facility Management:
Architect:
FORUM MERSIN
Bowling,Children’s Play Area
ANATOLIUM ANKARA
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
OPTIMUM ADANA
Social Facilities:
Location:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Investor:
Göksu Gayrimenkul İnşaat
Rönesans Yönetim
In House
5 Plus, T5 Tasarım Mimarlık
70,000 m2
161
Media Markt, Decathlon, C&A, LCW,
Cinema, Bowling, Children’s Play Area
Pendik, Istanbul
2008
Via Properties
Via Gayrimenkul Yönetim
Via DMC
A Tasarım
69,800 m2
190
Bigmall, Electroworld, Beymen, Retry,
Cinema, Bowling, Children’s Play Area
Ümraniye, Istanbul
2007
Gülaylar Grup
Facility Management:
Admiral Yönetim Danışmanlık
Leasing/Shop Mix:
Admiral Yönetim Danışmanlık
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Foreign Office Architects
68,800 m2
54
Ikea, Media Markt, YKM, Intersport
Cinema, Children’s Play Area
Bağcılar, Istanbul
2009
Edip Uluslararası Gayrimenkul
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
Anchors:
212 POWER OUTLET
2011
LCW, C&A
Opening Date:
MEYDAN ISTANBUL
Yüreğir, Adana
Mudo
Opening Date:
VIA/PORT OUTLET
INDEX 47
Social Facilities:
Architecten Arat-Siegel&Partner
70,000 m2
175
Media Markt, LCW, Koton
Bowling, Ice Skate, Children’s Play
Area, Cinema
48 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Zincirlikuyu, Istanbul
2013
Zorlu Yapı Yatırım
Facility Management:
JLL
Leasing/Shop Mix:
JLL
Architect:
Emre Arolat Mimarlık, Tabanlıoğlu
Mimarlık
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
66,600 m2
183
Beymen, H&M, Vakko, Apple, Darty, C&B
Cinema, Theatre, Children’s Play Area
Kayapınar, Diyarbakır
2014
Ceylan İnşaat ve Ticaret
Facility Management:
Bilfinger Real Estate
Leasing/Shop Mix:
Bilfinger Real Estate
Architect:
GLA:
Number of Stores:
A Tasarım
66,300 m2
200
Anchors:
Teknosa, YKM, LCW, Koton, Mavi Jeans
Social Facilities:
Cinema, Bowling, Children’s Play Area
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
2013
Mel2 Gayrimenkul Geliştirme
Rönesans Yönetim
In House
Tabanlıoğlu
66,000 m2
164
Media Markt, Decathlon, Boyner, Zara,
Cinema, Bowling, Children’s Play Area
PIAZZA SAMSUN
Melikgazi, Kayseri
2011
Union Investment AG
Multi Turkey
T&T Design, Era Şehircilik
65,800 m2
200
Media Markt, Boyner, YKM, C&A, LCW,
Flo, Koton
Social Facilities:
CEYLAN KARAVIL PARK
Canik, Samsun
LCW, H&M, Koton, Flo
Social Facilities:
ZORLU CENTER
Cinema, Bowling, Children’s Play Area
FORUM KAYSERI
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
AKBATI
INDEX 49
Esenyurt, Istanbul
2011
Akiş REIT
Ak Yön
Akiş REIT
DDG
63,500 m2
189
Boyner, Teknosa Exxtra, H&M, M&S,
LCW, Zara, Yataş
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Bowling, Children’s Play Area
Bornova, Izmir
2006
Commerz Real
Invesmentgesellschhaft mbH
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
FORUM BORNOVA
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
T&T Design
62,500 m2
123
IKEA, Zara, Teknosa
Cinema, Theatre, Children’s Play Area
Ataşehir, Istanbul
2013
Emay İnşaat, Erko Grup
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
Ömer Çomoğlu
60,000 m2
234
Boyner, Zone, H&M, Teknosa Exxtra, M&S
Cinema, Theatre, Bowling, Children’s
Play Area
Location:
Opening Date:
Investor:
Nilüfer, Bursa
2001
Bainbridge Holding
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
Era Şehircilik
58,500 m2
GLA:
Number of Stores:
Anchors:
CARREFOUR BURSA
-
Facility Management:
Architect:
BRANDIUM
Multi Turkey
147
Bimeks, Koton, Defacto, LCW, Yataş,
Teknosa
Social Facilities:
Cinema, Bowling, Children’s Play Area
50 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Istanbul
2010
GÜL-KELEŞ İNŞAAT
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
-
GLA:
58,100 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Gaziemir, Izmir
2012
Esentepe Gayrimenkul Yatırım
Rönesans Yönetim
In House
5+ Design
58,000 m2
163
C&A, Defacto, Media Markt, LCW,
Decathlon
Social Facilities:
Location:
Opening Date:
Cinema, Ice Skate, Children’s Play Area
2013
Investor:
Prime Development
Prime Development
Leasing/Shop Mix:
Prime Development
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Erginoğlu&Çalışlar
55,300 m2
165
Teknosa, Boyner, LCW, Koton, Vatan
Cinema, Bowling, Children’s Play Area
2010
Doğuş Gayrimenkul
JLL
Leasing/Shop Mix:
JLL
GLA:
Number of Stores:
PRIMEMALL GAZIANTEP
Gebze, Kocaeli
Facility Management:
Architect:
OPTIMUM OUTLET GAZIEMIR
Şehitkamil, Gaziantep
Facility Management:
Architect:
AUTOMALL
Midek Mingü
55,000 m2
119
Anchors:
Teknosa Exxtra, LCW, YKM, Mavi, Yataş
Social Facilities:
Cinema, Bowling, Ice Skate, Children’s
Play Area
GEBZE CENTER
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
INDEX 51
Şehitkamil, Gaziantep
2008
Sanko Holding,
Rönesans Gayrimenkul Yatırım
Facility Management:
JLL
Leasing/Shop Mix:
JLL
Architect:
GLA:
Number of Stores:
SANKO PARK
Anchors:
Social Facilities:
Location:
Opening Date:
189
YKM, LCW, H&M
Cinema, Bowling, Ice Skate, Play Area
Çankaya, Ankara
2009
Investor:
Qubicon
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
GORDION
Öncüoğlu
55,000 m2
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Chapman Taylor Espana,
Redevco Concept
54,100 m2
150
Bimeks, C&A, Zara, Marks&Spencer
Cinema, Bowling
Ümraniye, Istanbul
2000
CarrefourSA Carrefour Sabancı Ticaret
Merkezi
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
Era Şehircilik
54,000 m2
GLA:
Number of Stores:
CARREFOURSA ÜMRANIYE
Anchors:
Social Facilities:
Location:
Opening Date:
Teknosa
Cinema, Bowling, Children’s Play Area
Yenibosna, Istanbul
2008
Investor:
KIAŞ
Facility Management:
KIAŞ
Leasing/Shop Mix:
KIAŞ
Architect:
GLA:
Number of Stores:
Anchors:
WEDDING WORLD (KUYUMCUKENT)
88
Social Facilities:
Piramit Mimarlık
53,900 m2
601
Akay Gelinlik, Gürbüz Grup
-
52 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Söğütözü, Ankara
2002
Söğütözü İnşaat
Facility Management:
Armada İşletmecilik
Leasing/Shop Mix:
Armada İşletmecilik
Architect:
GLA:
Number of Stores:
Anchors:
A Tasarım
53,800 m2
226
H&M, Vakko, Beymen, Teknosa, Koton,
Marks&Spencer
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Cinema, Bowling, Children’s Play Area
Acıbadem, Istanbul
2002
Tepe Emlak Yatırım
In House
Leasing/Shop Mix:
Tepe Emlak Yatırım
Architect:
Tepe Emlak Yatırım
52,600 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
116
Cinema
1999
Metro Properties, Fiba AVM Geliştirme
Metro Properties
Leasing/Shop Mix:
Metro Properties
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
TPM Teknik
51,700 m2
62
Çetinkaya, LCW
Cinema, Children’s Play Area
2003
Metrosite İnşaat
ECE Türkiye Proje Yönetim
Leasing/Shop Mix:
ECE Türkiye Proje Yönetim
GLA:
Number of Stores:
Anchors:
Doğan Tekeli Mimarlık
51,000 m2
175
Boyner, Bimeks, Marks&Spencer, LCW,
Zara, Flo, Teknosa
Social Facilities:
M1 GAZIANTEP
Levent, Istanbul
Facility Management:
Architect:
TEPE NAUTILUS
Şehitkamil, Gaziantep
Facility Management:
Architect:
ARMADA
Cinema, Bowling, Children’s Play Area
METROCITY
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
AVM Partners
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
180
H&M, LCW, Koton, Teknosa, Mango, C&A
Cinema, Children’s Play Area
Silivri, Istanbul
1998
Hamoğlu Holding
In House
-
Architect:
50,700 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Facility Management:
Kahramanmaraş
2013
Rönesans Gayrimenkul Yatırım
In house
Leasing/Shop Mix:
-
Architect:
-
GLA:
50,500 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Bakırköy, Istanbul
2007
Yatırım İşletmecilik
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
CAPACITY
Kadiahmetoğulları İnşaat
55,000 m2
Leasing/Shop Mix:
GLA:
PIAZZA MARAŞ
Kadiahmetoğulları İnşaat
Leasing/Shop Mix:
GLA:
MAXI SHOPPING CITY
2013
AVM Partners
Number of Stores:
MARKANTALYA
Muratpaşa, Antalya
Facility Management:
Architect:
INDEX 53
Muammer Bakır
50,000 m2
204
Bimeks, Zara, Marks&Spencer,
Paşabahçe
Social Facilities:
Cinema, Children’s Play Area
54 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Çankaya, Ankara
2013
Taurus Balgat AVM Yatırım
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
A Tasarım
50,000 m2
140
Zara, H&M, Teknosa, Koton, LCW
Cinema, Children’s Play Area
Bakırköy, Istanbul
1988
Dati Yatırım Holding
Ataköy Turizm Tesisleri ve Ticaret
In House
Tabanlıoğlu
48,700 m2
135
Tepe Home, YKM, Teknosa
Cinema, Bowling, Children’s Play Area
1998
Profilo Sanayi
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
Profilo Sanayi
48,700 m2
170
Koton, Teknosa Exxtra
Cinema, Theatre, Bowling,
Children’s Play Area
Location:
Opening Date:
Investor:
2011
Atlantis Grup
JLL
Leasing/Shop Mix:
JLL
GLA:
Number of Stores:
Anchors:
Social Facilities:
PROFILO
Batıkent, Ankara
Facility Management:
Architect:
GALLERIA
Mecidiyeköy, Istanbul
Facility Management:
Architect:
TAURUS ANKARA
4m Mimarlık
48,000 m2
145
Tekzen, Koton, Darty, Defacto
Cinema, Bowling, Children’s Play Area
ATLANTIS CITY
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Lara, Antalya
2011
Eria Partners
Facility Management:
ECE Türkiye Proje Yönetim
Leasing/Shop Mix:
ECE Türkiye Proje Yönetim
Architect:
GLA:
Number of Stores:
Anchors:
TERRACITY
INDEX 55
Social Facilities:
Location:
Öncüoğlu
48,000 m2
180
LCW, Teknosa, D&R
Children’s Play Area
Ortahisar, Trabzon
Opening Date:
Investor:
Multi Turkey
Facility Management:
Multi Turkey
Leasing/Shop Mix:
Multi Turkey
Architect:
GLA:
Number of Stores:
FORUM TRABZON
Anchors:
Boyner, LCW, Teknosa, Marks&Spencer
Cinema, Bowling, Ice Skate, Children’s
Play Area
Location:
Investor:
Facility Management:
Bilkent, Ankara
1998
Tepe Emlak Yatırım
In House
Leasing/Shop Mix:
Tepe Emlak Yatırım
Architect:
Tepe Emlak Yatırım
47,500 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
34
Tepe Home
Cinema, Children’s Play Area
Selçuklu, Konya
2003
Metro Properties, Fiba AVM Geliştirme
Facility Management:
Metro Properties
Leasing/Shop Mix:
Metro Properties
Architect:
GLA:
Number of Stores:
Anchors:
M1 MERKEZ KONYA
157
Social Facilities:
Opening Date:
BILKENT CENTER
T&T Design, CPU Mimarlık, Arup
47,900 m2
TPM Teknik
47,500 m2
68
Media Markt, Bimeks, Defacto,
Collin’s, LCW
Social Facilities:
Cinema, Children’s Play Area
56 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Malatya
2009
Malatya Girişim Grubu
Facility Management:
JLL
Leasing/Shop Mix:
JLL
Architect:
GLA:
Number of Stores:
Anchors:
Tanart Mimarlık, Pro-ge Mimarlık
46,100 m2
130
Media Markt, YKM, LCW, Teknosa,
Defacto, Boyner, Vatan, Çetinkaya
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Bowling, Ice Skate, Play Area
Yenibosna, Istanbul
2010
Yıldız Holding, Boyner Holding
Facility Management:
Merkür
Leasing/Shop Mix:
Merkür
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Öncüoğlu
46,000 m2
142
LCW, Mudo, Çarşı
Cinema, Bowling, Ice Skate,
Children’s Play Area
Location:
Opening Date:
Investor:
1999
Tesco Kipa
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
UMO Mimarlık
45,500 m2
85
Boyner, LCW
Cinema, Theatre, Children’s Play Area
2007
Eskişehir 1 Gayrimenkul Yönetimi
Ece Türkiye Proje Yonetimi A.Ş.
Leasing/Shop Mix:
Ece Türkiye Proje Yonetimi A.Ş.
GLA:
Number of Stores:
Anchors:
Social Facilities:
ÇIĞLI KIPA SC
Eskişehir
Facility Management:
Architect:
STAR CITY
Çiğli, Izmir
Facility Management:
Architect:
MALATYAPARK
Öncüoğlu
45,000 m2
150
Media Markt, Zara, C&A
Cinema, Children’s Play Area
ESPARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
AVM Partners
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
160
YKM, LCW, Defacto, Score, Teknosa
Cinema, Children’s Play Area
Şanlıurfa
2013
Rönesans Gayrimenkul
In House
-
Architect:
45,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Kozyatağı, Istanbul
1996
Bainbridge Holding
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
Era Şehircilik
44,900 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
141
Boyner, Mudo Cİty, Bauhaus
-
Denizli
2007
Investor:
Corio Türkiye
Facility Management:
Corio Türkiye
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
TERAS PARK
A Proje Mimarlık
45,000 m2
Leasing/Shop Mix:
GLA:
CARREFOURSA IÇERENKÖY
Deha Grubu
Leasing/Shop Mix:
GLA:
PIAZZA URFA
2012
AVM Partners
Number of Stores:
KENT PLAZA
Selçuklu, Konya
Facility Management:
Architect:
INDEX 57
In House
Öncüoğlu
44,400 m2
109
Media Markt, Bellona, LCW, Seven Hill,
Denix
Social Facilities:
Cinema, Bowling, Children’s Play Area
58 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Yenimahalle, Ankara
2008
A1 Grup
Facility Management:
ECE Türkiye
Leasing/Shop Mix:
ECE Türkiye
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
A1 Grup
44,500 m2
170
Bimeks, LCW
Cinema, Bowling, Children’s Play Area
Location:
Bursa
Opening Date:
2009
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Sönmez Gayrimenkul
In House
4A Danışmanlık
Yapı Donatım
44,500 m2
111
Vatan Bilgisayar, Kervan, LCW
Cinema, Bowling, Ice Skate,
Children’s Play Area
Location:
Opening Date:
2013
Investor:
Multi Turkey
Multi Turkey
Leasing/Shop Mix:
Multi Turkey
GLA:
Number of Stores:
Anchors:
T&T Design
44,500 m2
121
Media Markt, Boyner, LCW, Teknosa,
Flo, Koton
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Children’s Play Area
2012
MİA İnşaat
Karakaya Alışveriş Merkezi Yönetim
Leasing/Shop Mix:
Karakaya Alışveriş Merkezi Yönetim
GLA:
Number of Stores:
Anchors:
Öncüoğlu
43,800 m2
110
Decathlon, Darty, Boyner,
Marks&Spencer
Social Facilities:
FORUM GAZIANTEP
Bodrum, Muğla
Facility Management:
Architect:
AS MERKEZ OUTLET
Şehitkamil, Gaziantep
Facility Management:
Architect:
A CITY OUTLET CENTER
Cinema, Children’s Play Area
MIDTOWN
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
OPTIMUM
Social Facilities:
Location:
Investor:
2008
Feriköy Gayrimenkul Yatırım
Rönesans Yönetim
In House
Fehmi Kobal Mimarlık
43,000 m2
152
Media Markt, LCW, YKM
Cinema, Ice Skate,
Mecidiyeköy, Istanbul
2012
Ortadoğu Otomotiv
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Brigitte Weber
43,000 m2
158
E-bebek, LCW, Media Markt
Cinema, Theatre, Children’s Play Area
Maslak, Istanbul
2006
Doğuş REIT
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
DOĞUŞ CENTER MASLAK
Yenisahra, Istanbul
Children’s Play Area
Opening Date:
TRUMP TOWERS
INDEX 59
Social Facilities:
Cem Kocacıklıoğlu
42,100 m2
21
Porsche Showroom, Dod Showroom,
G-GYM Sport Centre
Children’s Play Area
Location:
Opening Date:
Investor:
Ümraniye, Istanbul
2012
Buyaka Gayrimenkul Geliştirme ve
Yatırım
Facility Management:
Bilfinger Real Estate
Leasing/Shop Mix:
Bilfinger Real Estate
Architect:
GLA:
Number of Stores:
BUYAKA
Anchors:
Social Facilities:
Uras&Dilekçi
42,000 m2
153
Marks&Spencer, Zara, Bimeks
Children’s Play Area
60 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Etimesgut, Ankara
2004
Kurtköy Gayrimenkul
Rönesans Yönetim
In House
Öncüoğlu
40,500 m2
175
Cinema, Bowling,
Children’s Play Area
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Bakırköy, Istanbul
2010
Delta Proje
In House
Inside AVM Danışmanlık
Orson Mimarlık
40,000 m2
140
Boyner Sports, Marks&Spencer
Cinema, Children’s Play Area
2012
İdart Turizm
Inside AVM Danışmanlık
Leasing/Shop Mix:
Inside AVM Danışmanlık
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Idol Inşaat
40,000 m2
75
LCW, Porland, Koton
Cinema, Children’s Play Area
LOVELET OUTLET
Beylikdüzü, Istanbul
1997
Investor:
Migros Türk
Facility Management:
ECE Türkiye
Leasing/Shop Mix:
-
Architect:
-
GLA:
A PLUS ATAKÖY
Canik, Samsun
Facility Management:
Architect:
OPTIMUM OUTLET ANKARA
40,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
MIGROS SC BEYLIKDÜZÜ
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
INDEX 61
Ümraniye, Istanbul
2014
Canovate Group, Mutlu İnşaat-MiltaşUzman İnşaat-Mes Turkuaz ortak girişimi
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
-
GLA:
CANPARK
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Ataşehir, Istanbul
2008
Tahincioğlu Holding
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
Anchors:
PALLADIUM
40,000 m2
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Architect:
GLA:
Number of Stores:
Anchors:
Ergün Mimarlık
40,000 m2
195
Zara, C&A, Marks&Spencer, Koton
Cinema, Children’s Play Area
Florya, Istanbul
2012
Istanbul Akvaryum
JLL
Tanart Mimarlık – Hayri Anamurluoğlu
39,000 m2
140
D&R, M&S, H&M, Cinemaximum,
Sportive, Mango, GAP, Macro Center,
AQUA FLORYA - ISTANBUL AKVARYUM
Joker, Vakko, Beymen, Paşabahçe, Mudo
Social Facilities:
Location:
Opening Date:
Investor:
Hatay, Antakya
2013
Dost İnşaat
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
PALLADIUM ANTAKYA
Aquarium, Cinema, Play Area, Theatre
Ergün Mimarlık, Mdarch Mimarlık
40,000 m2
130
Anchors:
Tekzen, H&M, LCW, Koton, Flo
Social Facilities:
Bowling, Children’s Play Area
62 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Antakya, Hatay
2011
Investor:
Prime Development
Facility Management:
Prime Development
Leasing/Shop Mix:
Prime Development
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
TMO Mimarlık
39,000 m2
125
Boyner, Darty, Teknosa, LCW
Cinema, Bowling, Children’s Play Area
Levet, Istanbul
2006
Eczacıbaşı & İş REIT
Facility Management:
Kanyon Yönetim
Leasing/Shop Mix:
Kanyon Yönetim
Architect:
PRIMEMALL/ANTAKYA
The Jerde Partnership Intern. Los
Angeles
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
38,900 m2
160
M&S, Habitat, Marssportive, Funword
Cinema, Children’s Play Area
Kepez, Antalya
2009
Özdilek Alışveriş Merkezleri
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
KANYON
Serhan Ceyhan Mimarlık
38,600 m2
110
Özdilek, Teknosa, LCW
Cinema, Bowling, Children’s Play Area
ÖZDILEKPARK ANTALYA
Kartal, Istanbul
2000
Metro Properties, Fiba AVM
Geliştirme
Facility Management:
Metro Properties
Leasing/Shop Mix:
Metro Properties
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
TPM Teknik
38,100 m2
31
Çarşı, Ayakkabı Dünyası, Teknosa
Children’s Play Area
M1 MERKEZ KARTAL
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
INDEX 63
Karşıyaka, Izmir
2000
CarrefourSa Carrefour Sabancı Ticaret
Merkezi
Facility Management:
ECE Türkiye
Leasing/Shop Mix:
ECE Türkiye
Architect:
GLA:
Number of Stores:
CARREFOUR KARŞIYAKA
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Children’s Play Area
Küçükçekmece, Istanbul
2011
Artaş Group
Leasing/Shop Mix:
In House
GLA:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Arta Mimarlık
38,000 m2
101
LCW, Teknosa, D&R, Çarşı
Cinema, Bowling, Children’s Play Area
Tepebaşı, Eskişehir
2007
RIH Eskişehir Gayrimenkul
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
Era Mimarlık
38,000 m2
112
Anchors:
YKM, Mudo, Teknosa
Social Facilities:
Children’s Play Area
Location:
Opening Date:
Investor:
Facility Management:
Kütahya
2012
Torunlar & Kiler
In House
Leasing/Shop Mix:
-
Architect:
-
GLA:
SERA KÜTAHYA
LCW, Teknosa, Marks&Spencer
In House
Number of Stores:
NEOPLUS OUTLET
80
Facility Management:
Architect:
ARENA PARK
Era Şehircilik
38,000 m2
38,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
64 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Bolu
2011
Investor:
Bolu Dağı İnşaat
Facility Management:
Bolu Dağı İnşaat
Leasing/Shop Mix:
Bolu Dağı İnşaat
Architect:
GLA:
MMS Mimarlık
37,500 m2
Number of Stores:
111
Anchors:
LCW
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Cinema, Bowling, Children’s Play Area
Selçuklu, Konya
2004
İttifak Holding
Kule Yönetim
Seha Yapı
37,300 m2
112
Boyner, Teknosa, Sarar, Ayakkabı
Dünyası
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Bowling, Children’s Play Area
2013
Eroğlu Yapı
-
Leasing/Shop Mix:
-
Architect:
37,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Facility Management:
ERASTA
Istanbul
2011
Makro İnşaat / TOKİ
In House
Leasing/Shop Mix:
-
Architect:
-
GLA:
KULESITE
Fethiye, Antalya
Facility Management:
GLA:
HIGHWAY OUTLET
36,700 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
MERKEZ KAYAŞEHIR
SHOPPING CENTER GUIDE TURKEY 2014
Location:
2009
Investor:
BREF
Facility Management:
ECE Türkiye Proje Yönetim
Leasing/Shop Mix:
ECE Türkiye Proje Yönetim
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
LCW, Bimeks, Çetinkaya, Teknosa, Koton
Children’s Play Area
Balçova, Izmir
2006
T.J Gayrimenkul Danışmanlık
Leasing/Shop Mix:
Turkmall
GLA:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
PERLA VISTA
130
Turkmall
Number of Stores:
OLIVIUM OUTLET CENTER
Saner Mimarlık
36,000 m2
Facility Management:
Architect:
NOVADA BALÇOVA (SELWAY) OUTLET
Pendik, Istanbul
Opening Date:
Architect:
NEO MARIN
INDEX 65
Social Facilities:
MSA Mimarlık – Turkmall
35,000 m2
100
Bimeks, Koton
-
Zeytinburnu, Istanbul
2000
Emintaş İnşaat
Olivium Gayrimenkul Yönetim
In House
Ertan Özel
35,000 m2
133
Teknosa, Mango, Flo
Cinema, Bowling, Children’s Play Area
Beylikdüzü, Istanbul
2010
Gül İnşaat
Gülkent İnşaat
Murat Erenler, Yağmur Satıcı
35,000 m2
120
LCW, Porland
Cinema, Bowling,
66 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Iskenderun, Hatay
2010
Investor:
Prime Development
Facility Management:
Prime Development
Leasing/Shop Mix:
Prime Development
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
TMO Mimarlık
35,000 m2
129
Boyner, LCW, Defacto, Teknosa
Cinema, Bowling, Children’s Play Area
Etiler, Istanbul
1993
Akmerkez REIT
Üçgen Bakım ve Yönetim Hizmetleri
In House
DDG, Concept Intern. Design
34,700 m2
246
Beymen, Zara, Home Store
Cinema, Children’s Play Area
2010
KKG Grup
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
Tabanlıoğlu
34,000 m2
90
Darty, LCW
Cinema, Bowling, Ice Skate, Children’s
Play Area
Location:
Opening Date:
Investor:
2011
Pera REIT
AVM Partners
Leasing/Shop Mix:
AVM Partners
GLA:
Number of Stores:
Anchors:
Social Facilities:
PELICAN
Denizli
Facility Management:
Architect:
AKMERKEZ
Avcılar, Istanbul
Facility Management:
Architect:
PRIMEMALL/ISKENDERUN
C.E.M. Mimarlık
34,500 m2
80
Bimeks, Çetinkaya
Bowling, Children’s Play Area
SÜMER PARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
CEFIC
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
65
LCW, Teknosa, Koton, Decathlon
Cinema, Children’s Play Area
Başakşehir, Istanbul
2008
Servet REIT
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Mehpare&Alp Evrenol
33,600 m2
80
Bowling, Children’s Play Area
Yenimahalle, Ankara
2001
Bainbridge Holding A.Ş.
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
Era Şehircilik
33,500 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
70
Teknosa, LCW
Children’s Play Area
Karabük
2011
S.S Haliçi Esnafları Yapı Kooperatifi
Facility Management:
NTS Danışmanlık
Leasing/Shop Mix:
NTS Danışmanlık
Architect:
GLA:
Number of Stores:
Anchors:
KARES OUTLET CENTER
UMO Mimarlık
33,900 m2
Facility Management:
Architect:
CARREFOURSA BATIKENT
Bainbridge Holding
Leasing/Shop Mix:
GLA:
DEPOSITE OUTLET CENTER
2003
CEFIC
Number of Stores:
PALM CITY MERSIN (CARREFOUR MERSIN )
Yenişehir, Mersin
Facility Management:
Architect:
Social Facilities:
INDEX 67
Çamoğlu Mimarlık
33,500 m2
182
Kimlik
Ice Skate, Children’s Play Area
68 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Balçova, Izmir
2007
Tesco Kipa
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Tektonika Mimarlık
33,200 m2
59
Boyner, Tepe Home, Sports Park
Cinema, Children’s Play Area
Inegöl, Bursa
2011
Investor:
Kırcalı Yapı
Facility Management:
Mail Expert
Leasing/Shop Mix:
Mail Expert
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
BALÇOVA KIPA SC
Yapı Donatım, Celal Koç Mimarlık
33,000 m2
71
LCW, YKM
Cinema, Bowling, Children’s Play Area
INEGÖL SC
Afyonkarahisar
2010
İkbal Akaryakıt ve Dinlenme Tesisleri
In House
Chapman Taylor
32,500 m2
85
LCW
Cinema, Bowling, Children’s Play Area
AFIUM
Çukurova, Adana
1998
CarrefourSA Carrefour Sabancı
Ticaret Merkezi & Pearl İnşaat
Facility Management:
Pearl İnşaat
Leasing/Shop Mix:
Pearl İnşaat
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Era Şehircilik
32,000 m2
46
Teknosa, Marka Dünyası
Children’s Play Area
CARREFOURSA ADANA
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Qubicon
Qubicon
Leasing/Shop Mix:
Qubicon
GLA:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
109
Boyner, LCW, Teknosa
Cinema, Children’s Play Area
Bakırköy, Istanbul
2008
Londra Dış Ticaret
Bilfinger Real Estate
Leasing/Shop Mix:
Bilfinger Real Estate
GLA:
Number of Stores:
Anchors:
Social Facilities:
Ali Çiçek
32,000 m2
105
Cinema, Bowling, Children’s Play Area,
Ice Skate
Location:
Opening Date:
Investor:
Çekmeköy, Istanbul
2014
Sur Yapı
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
-
GLA:
METROGARDEN
Chapman Taylor Espana
32,000 m2
Facility Management:
Architect:
AIRPORT OUTLET CENTER
2009
Investor:
Number of Stores:
ERZURUM SC
Yenişehir, Erzurum
Facility Management:
Architect:
32,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Serdivan, Sakarya
2011
Ada-Yat Gayrimenkul Yatırım ve
Geliştirme
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
GLA:
Number of Stores:
SERDIVAN
INDEX 69
Anchors:
Social Facilities:
32,000 m2
90
H&M, Kervan, Migros
Cinema
70 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Tekirdağ
2008
Investor:
Corio Türkiye
Facility Management:
Corio Türkiye
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
In House
Meda Mimarlık
30,900 m2
84
Boyner, LCW
Cinema, Children’s Play Area
Esenyurt, Istanbul
2001
Bainbridge Holding
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
UMO Mimarlık
30,700 m2
36
Teknosa
Children’s Play Area
2009
Investor:
TSKB REIT
REA Grup
Leasing/Shop Mix:
REA Grup
GLA:
Number of Stores:
Anchors:
Social Facilities:
Erginoğlu&Çalışlar, SDB Mimarlık
30,300 m2
105
Media Markt, LCW
Cinema, Ice Skate, Children’s Play
Area
Location:
Opening Date:
Investor:
2013
Pasifik Gayrimenkul
AVM Partners
Leasing/Shop Mix:
AVM Partners
GLA:
Number of Stores:
Anchors:
Social Facilities:
PENDORYA
Söğütözü, Ankara
Facility Management:
Architect:
CARREFOURSA HARAMIDERE
Pendik, Istanbul
Facility Management:
Architect:
TEKIRA
Brigitte Weber
42,000 m2
150
Harvey Nichols, Media Markt, Deriden
Cinema, Children’s Play Area
NEXT LEVEL
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
AVM Partners
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
30,000 m2
55
LCW, Koton
-
Antalya
2001
Migros Türk T.A.Ş.
ECE Türkiye Proje Yönetimi
-
Architect:
30,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Bağlar, Diyarbakır
2007
Asya Alışveriş Merkezi İşletmeleri
Facility Management:
Kayatürk
Leasing/Shop Mix:
Kayatürk
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Süaş İnşaat
30,000 m2
65
Kimlik
Cinema, Children’s Play Area
Altunizade, Istanbul
1993
Tursoy Otelcilik
Facility Management:
In House
Leasing/Shop Mix:
Shopmix
Architect:
GLA:
Number of Stores:
Anchors:
CAPITOL
-
Leasing/Shop Mix:
GLA:
N CITY
Gimart
Leasing/Shop Mix:
Number of Stores:
MIGROS SC ANTALYA
2014
AVM Partners
GLA:
GIMART OUTLET CENTER
Ankara
Facility Management:
Architect:
Social Facilities:
INDEX 71
Miar Mimarlık
29,500 m2
130
Boyner
Cinema, Children’s Play Area
72 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Bahçelievler, Istanbul
2009
Investor:
Metro Properties
Facility Management:
Metro Properties
Leasing/Shop Mix:
Metro Properties
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Tabanlıoğlu
29,500 m2
39
Media Markt, Çetinkaya, LCW
Children’s Play Area
Balçova, Izmir
2003
Odak İnşaat
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Prodek, Matu
29,400 m2
171
Mudo City, Teknosa, LCW
Cinema, Children’s Play Area
2013
Sur Yapı
HD Yönetim
Leasing/Shop Mix:
HD Yönetim
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Tago Mimarlık
29,300 m2
97
Cinema, Children’s Play Area
2008
Investor:
Multi Turkey
Multi Turkey
Leasing/Shop Mix:
Multi Turkey
GLA:
Number of Stores:
Anchors:
Social Facilities:
AXIS KAĞITHANE
Efeler, Aydın
Facility Management:
Architect:
AGORA
Kağıthane, Istanbul
Facility Management:
Architect:
M1 MEYDAN MERTER
T&T Design
29,000 m2
110
Media Markt, YKM
Cinema, Children’s Play Area
FORUM AYDIN 1. ETAP
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Multi Turkey
Multi Turkey
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
119
Boyner, Teknosa, Mudo, LCW
Cinema, Bowling, Children’s Play Area
Izmit, Kocaeli
1997
Bayraktar Gayrimenkul
Leasing/Shop Mix:
In House
GLA:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Tabanlıoğlu
28,800 m2
55
LCW
Theatre, Children’s Play Area
Esentepe, Istanbul
2008
Astaş Gayrimenkul
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Archipel Tasarım ve Proje
28,000 m2
82
Vatan Bilgisayar
Children’s Play Area
Location:
Tokat
Opening Date:
2014
Investor:
Tokat AVM Yatırım
Facility Management:
Turkmall
Leasing/Shop Mix:
Turkmall
Architect:
GLA:
Number of Stores:
Anchors:
NOVADA TOKAT
T&T Design
29,000 m2
In House
Number of Stores:
ASTORIA
-
Facility Management:
Architect:
OUTLET CENTER IZMIT
2008
Investor:
Architect:
FORUM ÇAMLIK
Denizli
Facility Management:
Leasing/Shop Mix:
Social Facilities:
INDEX 73
Turkmall Sultani – Nova Mimarlık
28,000 m2
94
LCW, H&M, Koton
Cinema, Bowling, Children’s Play Area
74 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
4.Levent, Istanbul
2011
Kiler REIT
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Tabanlıoğlu
27,600 m2
134
LCW, H&M, Teknosa
Bowling, Children’s Play Area
Tarsus, Mersin
2012
Investor:
Corio Türkiye
Facility Management:
Corio Türkiye
Leasing/Shop Mix:
Architect:
SAPPHIRE ÇARŞI
In House
Altoon&Prorter Mimarlık, Yazgan
Mimarlık
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
27,500 m2
77
Teknosa, LCW, Çarşı
Cinema, Bowling, Children’s Play Area
Nevşehir
2009
Investor:
Multi Turkey
Facility Management:
Multi Turkey
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Era Şehircilik
27,400 m2
74
LCW
Cinema, Bowling, Children’s Play Area
2006
Doruk Ticari Yatırımlar ve İnşaat
In House
Leasing/Shop Mix:
In House
GLA:
Number of Stores:
Anchors:
Social Facilities:
FORUM KAPADOKYA
Melikgazi, Kayseri
Facility Management:
Architect:
TARSU
A Tasarım
27,000 m2
130
Boyner, Teknosa
Cinema, Children’s Play Area
KAYSERI PARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
INDEX 75
Şahinbey, Gaziantep
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
LAPIS OUTLET CENTER
Social Facilities:
Location:
Opening Date:
Karasu İnşaat
27,000 m2
195
Ice Skate, Children’s Play Area, Bowling
Cankaya, Ankara
2008
Corio Türkiye
Corio Türkiye
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
IYAŞPARK
Mümtaz Er
Investor:
Architect:
KALE OUTLET CENTER
In House
Facility Management:
Leasing/Shop Mix:
365
Hasan Sever İnşaat, Karasu İnşaat
Social Facilities:
In House
Öncüoğlu
26,500 m2
100
Electroworld, SMYK, LCW
Children’s Play Area
Güngören, Istanbul
2007
Kale Yapı
3S Kale Yapı
KDM Kiralama ve Yönetim Danışmanlık
Orson Mimarlık
26,100 m2
107
Flo, Koton, Darty, LCW
Cinema, Bowling, Children’s Play Area
Isparta
2010
Iyaş
In House
Target Store
Özay Mimarlık
26,000 m2
90
Boyner, LCW
Cinema, Bowling, Ice Skating
Children’s Play Area
76 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Fatih, Istanbul
2008
Gül&Keleşoğlu Group, Ensar Vakfı,
Zilal Tekstil
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Fatih İnşaat
In House
Proses Mimarlık
26,000 m2
92
Zara, C&A, LCW
Cinema, Bowling, Children’s Play Area
Kırıkkale
2014
Elif Gayrimenkul
Metro Group
Leasing/Shop Mix:
-
Architect:
-
GLA:
26,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
2012
Yeditepe A.Ş.
Inside AVM Danışmanlık
Leasing/Shop Mix:
Inside AVM Danışmanlık
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Tülin Tüzün Mimarlık
26,000 m2
95
LCW
Cinema, Bowling, Children’s Play Area
2009
Investor:
ANSE İşletmecilik
ANSE İşletmecilik
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
MOVAPARK
Çayyolu, Ankara
Facility Management:
Leasing/Shop Mix:
KIRIKKALE PODIUM
Kızıktepe, Mardin
Facility Management:
Architect:
HISTORIA
Kartallar Grup
25,600 m2
65
Voga, Origami, Lutra
-
ANSE
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
INDEX 77
Osmangazi, Bursa
2008
Kent Meydanı İnşaat, Yatırım ve
Yönetim
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
KENT MEYDANI
Anchors:
Social Facilities:
Location:
Opening Date:
Cinema, Children’s Play Area
Söke, Aydın
2012
Turkmall
Turkmall
Leasing/Shop Mix:
Turkmall
GLA:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Turkmall Sultani – Nova Mimarlık
25,500 m2
59
LCW, Boyner, Defacto
Cinema, Children’s Play Area
Küçükçekmece, Istanbul
2007
Özsaya İnşaat
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Ergün Mimarlık
25,300 m2
90
Teknosa, LCW
Cinema, Children’s Play Area
Güneşli, Istanbul
2012
Gül Proje & Kayraklı
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
-
GLA:
GÜNEŞLI PARK
C&A, Teknosa, Zara, LCW
Investor:
Number of Stores:
ARMONIPARK OUTLET CENTER
97
Facility Management:
Architect:
NOVADA SÖKE OUTLET
K2Y Mimarlık
25,500 m2
25,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
78 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Diyarbakır
2011
Kalenderler İnşaat
Facility Management:
Inside Danışmanlık
Leasing/Shop Mix:
Inside Danışmanlık
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Öncüoğlu
25,000 m2
80
Koton, Teknosa, D&R
Cinema, Bowling, Children’s Play Area
NINOVA PARK
Bodrum, Muğla
1998
Nurol İnşaat
Botim İşletme Yönetim
KDM Kiralama ve Yönetim
Danışmanlık
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
Hüseyin Kaptan, Atelye70, Ata Turak
25,000 m2
248
Cinema, Theatre, Bowling, Play Area
Sancaktepe, Istanbul
2014
Selin Yapı & Selçuklu Holding
In House
Leasing/Shop Mix:
-
Architect:
-
GLA:
25,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
2007
Investor:
Corio Türkiye
Corio Türkiye
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
RINGS
Erenler, Sakarya
Facility Management:
Leasing/Shop Mix:
OASIS
In House
Öncüoğlu
24,900 m2
76
LCW, Çetinkaya
Cinema, Children’s Play Area
ADA
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
ASORA
-
Architect:
24.500 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Investor:
Bakırköy, Istanbul
1995
Baymer Turizm
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Tabanlıoğlu
24,400 m2
Number of Stores:
102
Anchors:
LCW
Social Facilities:
Location:
Opening Date:
Investor:
Cinema, Bowling, Children’s Play Area
Osmangazi, Bursa
1999
Torunlar REIT
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
H/F Mimarlık
23,500 m2
121
YKM, Teknosa
Cinema, Children’s Play Area
Yenişehir, Mersin
2008
Tesco Kipa
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
MERSIN KIPA SC
Ankara Sanayi Odası
Leasing/Shop Mix:
Location:
ZAFER PLAZA
2010
-
Opening Date:
CAROUSEL
Ankara
Facility Management:
GLA:
Social Facilities:
INDEX 79
Atelierdip Mimarlık
23,300 m2
40
Bimeks, Hayal Dünyası Oyuncak, LCW
Cinema, Ice Skate, Children’s
Play Area
80 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Bayrampaşa, Istanbul
2003
Carrefour Sabancı Ticaret Merkezi
Facility Management:
CEFIC Türkiye
Leasing/Shop Mix:
CEFIC Türkiye
Architect:
Era Şehircilik
23,000 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
56
Flo, LCW, Teknosa
Children’s Play Area
Bandırma, Balıkesir
2011
Investor:
Ayhanlar Holding
Facility Management:
Ayhanlar Holding
Leasing/Shop Mix:
Ayhanlar Holding
Architect:
Ayhanlar Holding
23,000 m2
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Facility Management:
54
LCW
Cinema, Bowling, Children’s Play Area
2010
Varyap Varlıbaşlar Yapı
In house
-
Architect:
22,500 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
VARLIBAŞ
Ataşehir, Istanbul
1995
Baytur İnşaat Taahhüt A.Ş.
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
-
GLA:
LIMAN BANDIRMA
Trabzon
Leasing/Shop Mix:
GLA:
CARREFOURSA BAYRAMPAŞA
22,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
ATAŞEHIR MOZAIK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
In House
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
22,000 m2
72
Deichman, Boyner
Cinema, Children’s Play Area
Zonguldak
2009
Demir Madencilik
JLL
Leasing/Shop Mix:
JLL
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Öncüoğlu
22,000 m2
63
Cinema, Bowling, Children’s Play Area
Mavişehir, Izmir
1999
Investor:
EGE-CMC Gayrimenkul Yatırım
Facility Management:
EGE-CMC Gayrimenkul Yatırım
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
In House
Art Mimarlık
22,000 m2
123
Teknosa
Cinema, Children’s Play Area
Kayseri
2011
Gülsan Gıda
Facility Management:
AVM Partners
Leasing/Shop Mix:
AVM Partners
Architect:
Yapı Mimarlık
20,000 m2
GLA:
Number of Stores:
Anchors:
MEYSU OUTLET
-
Facility Management:
Architect:
EGE PARK MAVIŞEHIR
-
Leasing/Shop Mix:
Number of Stores:
DEMIRPARK
2007
In House
GLA:
YAYLADA BALIKESIR
Balıkesir
Facility Management:
Architect:
INDEX 81
Social Facilities:
50
LCW, Defacto
Children’s Play Area
82 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
Location:
Opening Date:
Investor:
Facility Management:
Leasing/Shop Mix:
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Hendek, Sakarya
2008
Kavukçu Grup
Stratejim Yönetim Danışmanlık
Kavukçu Yapı
22,000 m2
45
LCW
-
PARKSHOP OUTLET CENTER
Kızılay, Ankara
2012
Güvensoy Karsaklar Tango Renkyol
Gayrimenkul
Facility Management:
-
Leasing/Shop Mix:
-
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Location:
Opening Date:
Investor:
Affan Yatman-Nesrin Yatman
21,000 m2
118
Children’s Play Area
Selçuklu, Konya
2006
Tesco Kipa
Facility Management:
In House
Leasing/Shop Mix:
In House
Architect:
GLA:
Number of Stores:
Anchors:
Social Facilities:
Tektonika Mimarlık
20,100 m2
39
Darty
Cinema, Ice Skate, Children’s Play
Area
Location:
Opening Date:
Investor:
2012
Golden Park
Inside AVM Danışmanlık
Leasing/Shop Mix:
Inside AVM Danışmanlık
GLA:
Number of Stores:
Anchors:
Social Facilities:
KONYA KIPA SC
Batman
Facility Management:
Architect:
KIZILAY SC
Mesut Yılmaz Mimarlık
20,000 m2
64
LCW
Cinema, Bowling, Children’s Play Area
BATMAN PARK
SHOPPING CENTER GUIDE TURKEY 2014
Location:
2012
Investor:
Fuska
-
Architect:
20,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
Location:
Opening Date:
Investor:
Facility Management:
Trabzon
2011
Cevahir Holding
Kurun AVM Danışmanlık
Leasing/Shop Mix:
-
Architect:
-
GLA:
TRABZON CEVAHIR OUTLET
In House
Leasing/Shop Mix:
GLA:
PLATO
Sultanbeyli, Istanbul
Opening Date:
Facility Management:
INDEX 83
20,000 m2
Number of Stores:
-
Anchors:
-
Social Facilities:
-
84 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
Park 328
Osmaniye
2011
19,774
Altunbilekler
Kırıkkale
2012
17,000
Beylicium
Istanbul
2005
19,500
Orion
Tekirdağ
1999
16,769
Demirören
Istiklal
Istanbul
2011
19,442
Derince Kipa SC
Kocaeli
2008
16,580
Real SC Izmit
Kocaeli
2000
19,255
Alanyum
Antalya
2006
16,500
Metroport
Istanbul
2007
16,500
Edremit Kipa SC
Balıkesir
2009
16,392
Yalova Kipa SC
Yalova
2008
16,106
Flyinn
Istanbul
2003
16,000
Konya Park
Konya
2011
16,000
Real SC Antalya
Antalya
2006
15,994
Priene Country
Aydın
2005
15,900
Mega Center
Diyarbakır
2002
15,520
Sarar Outlet
Bilecik
2011
15,146
BYZ Garage
Kayseri
2013
15,058
Efor
Aksaray
2011
15,000
CarrefourSA
Izmit
Kocaeli
2000
19,228
Magnesia
Manisa
2012
19,100
Atirus
Istanbul
2005
19,000
Makro
Samsun
2008
18,548
Makro
Malatya
2008
18,394
Deepo Outlet
Antalya
2004
18,069
Dünya
Istanbul
2007
18,000
CarrefourSA
Bahçepark /
Bahçelievler
Istanbul
2009
18,000
Novada
Ataşehir
Istanbul
2013
18,000
Bulvar Samsun
Samsun
2012
18,000
Arcadium
Ankara
2003
15,000
Ncity
Kocaeli
2006
17,500
Misland
Elazığ
2008
15,000
Urfa City
Şanlıurfa
2009
17,500
Aymerkez
Istanbul
2003
15,000
Marintürk
Istanbul
Cityport
Istanbul
2011
17,426
Asya Park
Outlet
Istanbul
2007
15,000
Asmaçatı
Izmir
2011
15,000
Üstün Dekocity
Ankara
2008
17,000
Ipeksaray
Kayseri
2006
15,000
City's Nişantaşı
Istanbul
2008
17,000
Arasta Park
Kocaeli
2009
15,000
Yunus
Çankırı
2011
14,500
Ege Park
Balçova
Izmir
2010
17,000
SHOPPING CENTER GUIDE TURKEY 2014
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
SHOPPING
CENTER NAME
LOCATION
INDEX 85
OPENING
DATE
LEASABLE
AREA(m²)
Kozzy
Istanbul
2010
14,500
Terasium
Istanbul
2011
12,500
Magazin Outlet
Bursa
2006
14,444
Konak Pier
Izmir
1998
12,500
Margi Outlet
Edirne
2011
14,202
Ereğli Parksite
Konya
2009
12,454
Edirne Kipa SC
Edirne
2007
14,017
Kuşadası
Kipa SC
Aydın
2007
12,332
MKM
Istanbul
2004
14,000
Mesa Plaza
Ankara
1996
12,300
Andera Park
Siirt
2013
14,000
Nilpark
Bursa
2009
12,000
Bornova
Kipa SC
Izmir
1994
13,941
Prestige
Istanbul
2007
12,000
Çorlu Kipa SC
Tekirdağ
2006
13,851
Avenue Bodrum
Muğla
2013
12,000
Salihli Kipa SC
Manisa
2008
13,761
Şirehan
Gaziantep
2008
11,910
Makro
Konya
2008
13,746
Olimpa
Istanbul
2010
11,598
KC Göksu
Ankara
2006
13,722
Beysupark
Ankara
2007
11,500
Antalya Kipa SC
Antalya
2006
13,702
Sultan
Kütahya
2013
11,500
Gaziemir
Kipa SC
Izmir
2000
13,660
Pekdemir
Turgutlu
Manisa
2013
11,500
Adapazarı Kipa
SC
Sakarya
2011
13,600
Atrium
Istanbul
1989
11,232
Park Bornova
Outlet
Izmir
2004
11,225
Aydın Kipa SC
Aydın
2006
11,219
Abide Park
Şanlıurfa
2008
11,200
Arnelia
K.maraş
2009
11,000
Grossmall Siirt
Siirt
2012
11,000
Akvaryum
Istanbul
2005
10,960
Shemall
Antalya
2008
10,500
Mersin Marina
Mersin
2013
10,500
Festiva Salihli
Outlet
Manisa
2012
13,539
Krempark
Düzce
2012
13,500
Palerium
Erzurum
2014
13,500
Festiva Uşak
Uşak
2013
13,460
Silivri Kipa SC
Istanbul
2008
13,197
Yeşilyurt
Samsun
2007
13,000
Kütahya Outlet
Park
Kütahya
2010
12,937
86 INDEX
SHOPPING CENTER GUIDE TURKEY 2014
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
Pomelon
Muğla
2014
10,500
Avantaj Factory
Outlets
Tekirdağ
1997
10,500
Çanakkale
Kipa SC
Çanakkale
Pekdemir
Bereketli Outlet
Denizli
Keşan Kipa SC
Edirne
2006
2013
2007
10,389
10,360
10,216
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
Ereylin
Zonguldak
2006
9,088
Lyrapark
Antalya
2008
9,000
Ulusoy Outlet
Festiva
Balıkesir
2008
9,000
Aydın Perihan
Van
2012
9,000
OutletPark/
Muğla
Muğla
2008
8,950
Park Muğla
Muğla
2008
8,950
Akgün
Elazığ
2004
8,861
Safran Outlet
Park
Karabük
2008
8,800
YSK Center
Tekirdağ
1998
8,700
G-City
Giresun
2006
8,582
White Hill
Istanbul
2012
8,500
Kadir Has Çocuk
Dünyası
Istanbul
2003
8,438
Kanatlı
Eskişehir
2007
8,000
Fatsa City
Ordu
2013
7,800
Galleria Ankara
Ankara
1995
7,700
Çerkezköy
Kipa SC
Tekirdağ
2010
10,191
Makro
Kırıkkale
2007
10,106
Laura
Antalya
2004
10,065
Palmiye
Izmir
2003
10,053
Barutçuoğlu
Kastamonu
2006
10,036
Uşak Kipa SC
Uşak
2007
10,006
Tatvan Yaşam
Bitlis
2008
10,000
Yaylada
Süreyyapaşa
Istanbul
1992
10,000
Eskule
Istanbul
2010
10,000
Sancakpark
Istanbul
2011
10,000
Passtel (Orkide)
Izmir
2004
10,000
Ege Outlet2
Söke
Aydın
2004
7,600
Makro
Karaman
2008
9,689
Becikoğlu
Bolu
2000
7,600
Akkapark
Antalya
2006
9,548
Semerkand Line
Istanbul
2013
7,500
Nilufer Arena
Bursa
2010
9,500
Almer
Kayseri
1999
7,500
Kardiyum
Istanbul
2011
9,500
Karun
Uşak
2003
7,500
Körfez Center
Kocaeli
2012
9,500
Üntaş (Karacan)
Point Center
Muğla
2004
7,478
SHOPPING CENTER GUIDE TURKEY 2014
SHOPPING
CENTER NAME
LOCATION
OPENING LEASABLE
DATE
AREA(m²)
SHOPPING
CENTER NAME
LOCATION
INDEX 87
OPENING LEASABLE
DATE
AREA(m²)
Vabartum
Samsun
2009
7,300
Yasa Outlet
Balıkesir
2011
6,000
Torbalı Kipa SC
Izmir
2008
7,204
Onel
Karabük
2006
5,948
Zeyland
Afyon
2008
7,200
Soli Center
Mersin
2009
5,900
Dolphin
Ankara
2005
7,200
Sunflower
Istanbul
2005
5,800
FTZ
Ankara
2003
7,124
Ömür Plaza
Istanbul
2006
5,530
Kültür Parksite
Aksaray
2007
7,098
Istanbul Bazaar
Artvin
2010
5,500
Antalya 2000
Antalya
2000
7,022
Mesa Studio
Plaza
Istanbul
2003
5,500
Meridyen
Bursa
2000
7,000
Pakt Plus
Çanakkale
2013
7,000
Pekdemir
(Kınıklı)
Denizli
2006
5,400
Address
Istanbul
Istanbul
2005
7,000
Urla Meydan
Izmir
2012
5,400
ODC Center
Ankara
2001
5,314
Lüleburgaz
Kipa SC
Kırklareli
2007
6,906
Palmarina - Port
Bodrum
Muğla
2013
5,250
Netsel
Muğla
1990
6,757
Sabah Center
Giresun
2002
5,200
Citypark
Diyarbakır
2010
6,700
Karum
Ankara
1991
5,000
Ege Outlet1
Söke
Aydın
2004
6,600
Ankuva
Ankara
1995
5,000
Ihlamur
Istanbul
2008
6,582
Carrefour
Çanakkale
2001
5,000
Olivecity
Balıkesir
2007
6,576
CarrefourSA
Maltepe
Istanbul
2001
5,000
IC Çeşme
Marina
Izmir
2010
6,500
Dolphin Center
Kocaeli
2004
6,337
Sultan Bazaar
Antalya
2005
6,272
Tepe Prime
Ankara
2012
6,050
Antalium
Premium
Antalya
2008
6,000
Relationship Between GLA1 and GVA2
in Turkish Cities
20
96 104
45
270
73
140
71
43
110
106
1
101 38
73
154
109
89
128
148
112
52 210
159
27
76
260
152
47
193
56
62
129
58
92
96
118
83
41
102
Shopping Center GLA (m2) per 1,000 inhabitants, 2014 according to Council of Shopping Centers - Turkey
Regional Gross Value Added at Current Basic Prices in terms of Classification of Statistical Regional Units
(Level 2) - by Kind of Economic Activity, 2011 according to TurkStat
2
40
75

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