Shopping center projects, Turkey
Best Practice / Real Estate / Property and Center Management
Apleona GVA is currently providing consulting and management services for 13 shopping centers and large mixed-use complexes in Turkey. The latest additions to the retail portfolio of Apleona GVA’s Turkish team: Projects Nilufer Park Arena in Bursa in Northwest Turkey, the Köy Zekeriyaköy Center in Istanbul and the Rize Shopping Center on Turkey’s Black Sea coast as well as two specialist retailers belonging to long-standing customer Union Investment.
The construction work for the Rize Shopping Center, which will be the first shopping center in Rize, started at the end of 2016 on the site of the former stadium in the city center. According to plans by local investor and project developer Rize Insaat Yatirim Sanayi, in addition to 120 stores with 32,000 square meters of retail space, Rize Shopping Center will have a cinema complex with eleven screens, a supermarket as well as residential and entertainment space. Apleona GVA is responsible for the design and rental of the retail space; after completion of the center in 2019, the real estate service provider will also take over property and center management in the object.
In addition to the contracts for new construction projects, since February of this year Apleona GVA has been managing two specialist retailers in Izmir and Istanbul, which are part of the real estate portfolio of long-standing customer Union Investment Real Estate.