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Redevco sells its entire Turkish business to Blackstone (NL/TR)
Gordion Shopping Center
The deal includes the 53,000 m² Gordion Shopping Center, which was opened in 2009 and awarded the BREEAM certificate with a ‘Very Good’ rating
Tuesday 3 July 2012
Redevco has agreed to sell its entire Turkish portfolio and management platform to affiliates of The Blackstone Group. The sale concerns three shopping centers: Gordion Shopping Center in Ankara, Erzurum Shopping Center in Erzurum and Magnesia Shopping Center in Manisa. The company will now focus fully on its core activities in its key markets. More »
Thought Leaders
Exclusive interviews with some of Europe's leading property professionals
ROESLER Peter 3 This week featuring Peter Roesler, Executive Chairman of BNP Paribas Real Estate Germany.
See further interviews with Ricardas Cepas, CEO, Newsec, Baltic States; Philip Evans, CEO, TriGranit Management Corporation; Gerhard Dunstheimer, Deputy CEO of ECE; Remon Vos, Co-Founder, Partner and Managing Director of CTP; Markus Neurauter, Managing Director, Raiffeisen evolution; and John Duckworth, Managing Director for CEE, JLL. More...
Research: Turkey property markets
DTZ Research: Turkey Q1 2012 - strong market activities continue
DTZ Research_Property Times_Turkey_June 2012 The current outlook suggests that the economy will continue to grow in 2012, although at a decelerating pace. Signals for slowdown became evident in the first quarter of 2012. Based on the first quarter data so far available, GDP growth is likely to have slowed further in 2012 to 4%. The slowdown in the economy is also supported by production indicators for early 2012 which indicated a weaker than envisioned course for economic activity... More...
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