German shopping centre developer Management fur Immobilien (MFI) is looking for its first investment opportunity in Turkey after several years of activity in the country as a leasing service provider. In an interview with PropertyEU, CEO Matthias Böning said that the Turkish retail real estate market offers value due to the growing demographics and increasing consumer spending.
German shopping centre developer Management fur Immobilien (MFI) is looking for its first investment opportunity in Turkey after several years of activity in the country as a leasing service provider. In an interview with PropertyEU, CEO Matthias Böning said that the Turkish retail real estate market offers value due to the growing demographics and increasing consumer spending.
'We could potentially do the first investment alone, but we are also looking for a partner,' Böning says.
MFI, which since October 1 is majority-owned by private equity firm Perella Weinberg, is on the prowl for development opportunities after receiving a 'triple-digit' equity injection by the new shareholder. 'The operation with Perella has made available a three-digit figure for new investments,' he says. 'For us, the transaction was an opportunity to strengthen our capital and have more flexibility for our development business.'
