17. März 2010 
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Multi Corporation sells to Union Investment their 35% interest in ICSC awarded Forum Mersin for €68million
Multi Corporation and Union Investment have finalized an agreement to purchase the remaining 35% of the shares
owned by Multi. Union Investment will be the 100% owner of the Forum Mersin shopping center in the South East of Turkey. The Hamburg-based real estate investment manager paid €68million to acquire the 35% stake for its open-ended real estate fund UniImmo: Global. Forum Mersin contains 213 shops anchored by a hypermarket and DIY in the middle of Mersin city. Forum Mersin is one of the 8 shopping centers opened by Multi in Turkey. All Multi shopping centers and developments in Turkey are owned by the Multi Turkey Retail Fund co-owned by Canadian Pension Plan. Multi Corporation will continue to be responsible for the center management and asset management of Forum Mersin.
The half-covered 2.5 storey Forum offers 72,000 m² of retail space, 4,500 m² for food units and 5,000 m² of leisure space. The centre is let on long-term leases to major retailers including MediaMarkt, Zara, Migros and department stores. The centre opened in autumn 2007, was awarded by ICSC in 2008 for “Best new Large Development” and, with some 17 million visitors in 2009, is the dominant retail destination in South East Turkey.
owned by Multi. Union Investment will be the 100% owner of the Forum Mersin shopping center in the South East of Turkey. The Hamburg-based real estate investment manager paid €68million to acquire the 35% stake for its open-ended real estate fund UniImmo: Global. Forum Mersin contains 213 shops anchored by a hypermarket and DIY in the middle of Mersin city. Forum Mersin is one of the 8 shopping centers opened by Multi in Turkey. All Multi shopping centers and developments in Turkey are owned by the Multi Turkey Retail Fund co-owned by Canadian Pension Plan. Multi Corporation will continue to be responsible for the center management and asset management of Forum Mersin.
The half-covered 2.5 storey Forum offers 72,000 m² of retail space, 4,500 m² for food units and 5,000 m² of leisure space. The centre is let on long-term leases to major retailers including MediaMarkt, Zara, Migros and department stores. The centre opened in autumn 2007, was awarded by ICSC in 2008 for “Best new Large Development” and, with some 17 million visitors in 2009, is the dominant retail destination in South East Turkey.
