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Istanbul's strategic geographical location between Europe, the Middle East and Africa has resulted in the city's emergence as a corporate hub for the MENA region, and an office market which has almost doubled in just over a decade.
Starwood Hotels & Resorts Worldwide signs of Four Points by Sheraton Istanbul Dudullu, a franchise agreement with Ever Group. The new-build hotel, scheduled to open at the end of 2014, will mark the entry of the Four Points by Sheraton brand into Turkey and will be the first Starwood hotel to open on the Asian side of Istanbul.
InterContinental Hotels Group (IHG) has announced the signing of Holiday Inn Kayseri - Düvenönü. Operating under a franchise agreement with Ali Sert Otel Tur. Ins. San. Tic. LTD, the new build hotel is due to open in early 2016.
Rising property values, booming tourist numbers and ever-improving air access – Turkey’s attraction to foreign property-buyers has gained momentum during the first half of 2014 with a promising second half ahead, said property agency Spot Blue International Property in August.
Cushman & Wakefield has released a new report on urban regeneration in Turkey. The report sheds light on the need, volume, legal framework, challenges and potential solutions for urban regeneration projects. It further highlights that conventional financing models will not suffice to cope with the volume of investment needed ...
Clarks, which has appointed Cushman & Wakefield exclusively for its Turkish expansion, has agreed to take one store at the Mall of Istanbul and the other at Özdilek Park. Mall of Istanbul, a 155,000 sq m development with 350 stores, is one of Turkey’s largest retail projects in recent years. It will showcase brands including...
The International Council of Shopping Centers (ICSC) has announced the winners of the 2014 European Shopping Centre Awards. Jan Eijkemans, Jury Chair for the 2014 ICSC European Awards and Managing Director of MAB Development, announced the winners during ICSC’s 2014 European Conference in Istanbul. Every year, ICSC presents a...
Turkey is expected to average an annual GDP growth of 5.2%, and over the next ten years it will be the fastest growing country in Europe, according to Mr. Ali Babacan, Deputy Prime Minister of Turkey for Economic and Financial Affairs speaking at the International Council of Shopping Centrers (ICSC) 2014 European Conference, ...
Istanbul’s office market registered a record high for total occupier transactions (including owner-occupiers) as nearly 250,000 sq m of deals completed last year, according to Cushman & Wakefield’s Annual Review & Outlook Turkey 2013/2014, published today. The market was dominated by large owner-occupier deals, while new deve...
InterContinental Hotels Group is making significant inroads in Turkey with the signing of three Holiday Inn hotels– Holiday Inn Ankara Çukurambar, Holiday Inn Istanbul Tuzla Bay and Holiday Inn Istanbul Kadikoy.
Torunlar REIT, advised by Colliers International, and Denizbank, have signed a lease agreement for the Torun Tower. The transaction, which consists of 60,023 sq.m. of rentable A class office space in total, represents the largest ever office lease recorded in Turkey.
Ali Babacan, Deputy Prime Minister of Turkey and an expert in international business, will be the keynote speaker at the 2014 International Council of Shopping Centers (ICSC) European Conference, being held from 2-3 April 2014 at the Istanbul Congress Center in Istanbul.
Cushman & Wakefield has advised international footwear brand Clarks on a new store in Istanbul, Turkey. The 1,600 sq ft outlet – Clarks’ fifth Turkish store, due to open next month – is located at the popular Capacity Shopping Mall in the city’s busy Bakırköy business district, a 15-minute drive from Atatürk International Air...
The portfolio of retail space in Turkey managed by Bilfinger Real Estate is expanding. Following the management contract for Turkey’s major „Metropol Istanbul“ project, the Frankfurt-based real estate services provider has now accepted further contracts for six shopping centers in Turkey. The mixed-use retail, office, and res...
The construction of Forum Diyarbakir, Multi Development’s 12th shopping centre in Turkey, is continuing apace and the centre is on track to open its doors in December 2014. Multi is realizing Forum Diyarbakir in a 50:50 partnership with Turkish developer Altındağ Gayrimenkul Yatırım Geliştirme İnşaat Şirketi, a company with a...
Sonae Sierra has just entered the Turkish market with the creation of Sierra Reval, the shopping centre specialist in Turkey, a service provider company in the shopping centre area, including development, management and letting activities.
HB Reavis is expanding to new markets. “At this time, we are active in four countries in the CEE region. We decided to open new branches in London and Istanbul. Our ever developing activities also demanded a change in the Group’s management,” confirmed Ivan Chrenko, Chairman of the Board of Directors of HB Reavis Group, today...