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» Chronological View: " Turkey " «

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

First Hyatt hotel to open in Athens, Dublin and Istanbul

Hyatt Hotels plans to open the first Grand Hyatt hotel in Athens, Dublin and Istanbul. The opening of the Grand Hyatt Athens is expected in Q3 2018, while the Hyatt Centric Liberties Gate Dublin is set to open in May 2019. The Nish Palas Istanbul hotel already opened in Nişantaşı, one of Istanbul’s oldest districts.
Monday, 28. May 2018

Park Inn by Radisson opens in Istanbul Odayeri

Park Inn by Radisson opened a Park Inn by Radisson in Istanbul Odayeri. The latest opening for Radisson Hotel Group takes its portfolio in Turkey to 20 hotels and more than 3,500 rooms in operation. Park Inn by Radisson Istanbul Odayeri will be managed by Radisson Hospitality AB.
Thursday, 24. May 2018

Discounts in listing prices left their mark in the Istanbul office market

Discounts in listing prices left their mark in the Istanbul office market, with an approximate 8% decline in average rent rate in the Class A office buildings in the Central Business District (CBD). According to Propin, the first quarter of 2018 was a period when hard bargains between landlords and potential tenants were obse...
Tuesday, 15. May 2018

Istanbul New Airport houses 451-room hotel to be operated by Yotel

IGA, the constructer and operator of Istanbul New Airport (INA) for 25 years, and Yotel have signed an exclusive hotel management contract. The hotel, which will be one of the biggest airport hotels in the world, with both airside and landside access, will feature 451 rooms. Located conveniently inside the main terminal build...
Friday, 20. April 2018

Apleona wins management and letting contracts for three retail properties

On behalf of regional investors, Apleona is taking on property and centre management and letting of the retail space in three Turkish shopping and outlet centres. The centres are Akyaka Park Shopping Centre and Olivium Outlet Centre, both located in Istanbul, and MarkAntalya Shopping Centre in Antalya in the southwest of the ...
Monday, 19. February 2018

Park Inn by Radisson opens in Atasehir in Istanbul

Park Inn by Radisson is opening Park Inn by Radisson Istanbul Atasehir. The new 127 room hotel is the sixth Park Inn by Radisson hotel to open in Turkey. The Carlson Rezidor Hotel Group now has a portfolio of 24 hotels and over 4,600 rooms in operation or under development in Turkey.
Friday, 8. December 2017

Pradera appoints joint heads of Instanbul office

Pradera has appointed Sabiha Gülec and Sevgi Ocak as Joint Heads of its Turkey office. Their primary responsibility will be to oversee the management of Istanbul Cevahir, a shopping centre that Pradera manages on behalf of St Martins Management Company. Gülec and Ocak have been an integral part of the team that has reconfigur...
Wednesday, 29. November 2017

European shopping centre development slows but pipeline remains strong

Shopping centre development activity in the first half of 2017 increased total floorspace across Europe to 160.8 million sq m at the midpoint of the year, according to Cushman & Wakefield. In the first half of the year 825,000 sq m was delivered to the market in Central & Eastern Europe (CEE), compared with 344,000 sq m in We...
Thursday, 23. November 2017

Sur Yapı Marka in Bursa: New shopping center in Turkey opened

The new Sur Yapı Marka shopping center in Bursa, Turkey, opened its doors for the first time last Thursday. The center accommodates a total of 250 shops on a leasable area of 75.000 m². It is part of a mixed-use real estate development that also includes several office and residential buildings. The shopping center also compr...
Tuesday, 6. June 2017

Growth slows but profits still on the up at hotels in Dublin

Whilst year-on-year growth in profit per room at hotels in Dublin slowed to 4.5 per cent for year-to-date 2017, the remarkable story of growth in top and bottom line performance at hotels in the Irish capital continues, according to the latest data from HotStats. Having become accustomed to the huge profit growth recorded at ...
Wednesday, 12. April 2017

Apleona GVA take over retail mandates for shopping centres

Apleona GVA won contracts for consultancy services, letting, and property management for retail projects and for specialist retailers in Turkey with a combined size of 80,000 m² in sales space. As part of these mandates, the real estate services provider will prepare the concept for the future tenant structure of three shoppi...
Monday, 20. March 2017

Turkey offers accessible climate for international investors

ISPAT joined forces with the cities of Turkey to promote the accessibility of investing in Turkish real estate at this year’s MIPIM. Speaking at the conference seminar ‘Why is Turkey a hot spot for investors?’, Chairman of ISPAT, Arda Ermut, and the Turkish Minister of Environment and urbanization, Mehmet Özhaseki, positioned...
Friday, 17. March 2017

Dublin hotels continue to drive huge profit growth

Hotels in Dublin recorded a 26.2% year-on-year increase in profit per room in May driven by continued significant top line growth, according to the latest data from HotStats. On the back of record visitor numbers and spend as well as significant year-on-year GDP growth in 2015, the demand profile of Dublin continues to be pos...
Wednesday, 6. July 2016

Building construction market in the Balkan region grows 10%

EECFA published its latest Forecast Reports with forecast running up to 2018 on the 8 Eastern European countries it covers: Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, and Ukraine. On the €30 billion Balkan market, optimism was confirmed by the freshest forecast. On the building construction market, close to...
Thursday, 30. June 2016

Multi acquires a Turkish retail centre portfolio

Multi which is owned by real estate funds managed by Blackstone, has acquired a Turkish retail centre portfolio. The portfolio, with total GLA of over 316,000 sq.m., consists of four shopping malls, which are located in Istanbul, Ankara, Denizli/Çamlık and Kapadokya. The transaction was closed on 28th of April 2016. UniCredit...
Friday, 13. May 2016

Istanbul Office Market seems more static than in previous years

Propin released the report on the Istanbul Office Market of the first quarter of 2016. It shows the changes that occurred in the office market during January, February, and March, as well as shares Propin’s predictions of Propin for the upcoming periods. Propin stated the Istanbul Office Market seemed more static when compare...
Wednesday, 4. May 2016

9.1 million sq m of European shopping centres to be developed in the next two years

The development of European shopping centres is predicted to accelerate, with 9.1 million square metres due to be delivered over 2016 and 2017, according to a research report published today by Cushman & Wakefield. The European Shopping Centre Development Report showed that 2015 delivered one of the lowest annual volumes of ...
Tuesday, 19. April 2016