Turkey

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.

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...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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 ...

On 1st April 2016, Maritim Hotelgesellschaft took over the 4-star establishment on the Turkish Riviera near Side. The agreement for the new Maritim Hotel Saray Regency was officially signed at the travel fair ITB in Berlin. This 4-star hotel will operate under the Maritim brand; it has a total of 381 rooms, including family r...

Universal21, a management company based in Istanbul, announced, that the two Crest Plaza blocks are due for completion next month. According to the developer, approximately 30% of the apartments have already been sold, primarily in B block, which was launched first in December.

The data in the “Istanbul Office Market General Overview, Fourth Quarter 2015 Report”, prepared by Propin Property Investment Consultancy, the changes in vacancy rates and average rental rates for Class A office buildings during 2015 were reviewed. In the report, it is underlined that, considering the vacancy rates in the CBD...

Promotion Pavilion, Turkey demonstrated its skill in the construction area. Between the tents of Paris and London, The Pavilion, which was launched by ITO Emlak Konut GYO, as huge model called „The Live Mockup of Istanbul“ showed the 24 hours of Istanbul which took place during the ceremony. Turkey also displayed its major co...

“Istanbul Office Market General Overview, Fourth Quarter 2015 Report” is released, prepared by Propin Property Investment Consultancy.

Bilfinger Real Estate has boosted its service offering for investors, developers and owners in Turkey by creating a team of capital markets and consulting specialists. Based at the Company's location in Istanbul, the newly established unit will broker sales and purchases, perform valuations, advise during construction project...