Retail property specialist Corio has announced that it has acquired Anatolium shopping centre in Turkey for EUR 176 mln, in line with Corio's last reported Net Theoretical Yield for Corio Türkiye.
Retail property specialist Corio has announced that it has acquired Anatolium shopping centre in Turkey for EUR 176 mln, in line with Corio's last reported Net Theoretical Yield for Corio Türkiye.
Corio announced on 12 November 2007 that it has reached an understanding regarding the turnkey development and acquisition of a 100%-interest in Anatolium shopping centre in the city of Bursa. The shopping centre has a total gross lettable area (GLA) of approximately 84,000 m2 and 2,5000 parking spaces.
The first phase, an IKEA of 24,000 m2 opened in November 2008, Carrefour and Leroy Merlin opened on 31 March 2010. The remaining part of 34,000 m2 will open in the fall of 2010. At opening, the centre will have an occupancy rate of about 90% and up till the end of 2012 the developer of the shopping centre will provide a rental guarantee for any vacancy. The rental contracts are euro-based.
The shopping centre is anchored by IKEA, Carrefour, Leroy Merlin and MediaMarkt. Due to its sheer size, its concept and design and its strong tenant mix, Anatolium shopping centre is the dominant regional shopping centre in its catchment area, serving 1.8 million inhabitants within 15 minutes and 2.3 million inhabitants within 45 minutes driving range.
The developer of the shopping centre, Maya Holding, headquartered in Istanbul, was founded in 1950 and is, amongst other things, active in the fields of residential and mall development and construction and textiles. Maya Holding is the IKEA franchisee for Turkey and since 2003 they have opened four IKEA stores of which two are in Istanbul.
