Dutch property firm Corio has acquired a 20-year lease on the Zirvekent shopping centre in Ankara, Turkey, for around $44 mln (EUR 32 mln). The shopping centre is currently under development and completion is expected in the first half of 2008. Corio said the mall will generate a net yield in line with its other Turkish investments.

Dutch property firm Corio has acquired a 20-year lease on the Zirvekent shopping centre in Ankara, Turkey, for around $44 mln (EUR 32 mln). The shopping centre is currently under development and completion is expected in the first half of 2008. Corio said the mall will generate a net yield in line with its other Turkish investments.

Zirvekent will be the first shopping centre in the area and will comprise a total of 27,700 m2 of gross lettable area, with 1,224 parking spaces, and will house a cinema and a food court. The anchor tenant will be the Migros supermarket chain, which will take 4,000 m2.

The plot is owned by the Oyak Group, the Turkish military pension fund and largest landowner in the country.