Multi Development has opened Forum Istanbul, the largest shopping centre in Europe and Multi's most ambitious project to date. The inauguration of the 175,000 m[sup]2[/sup] scheme at a special ceremony on Tuesday is the latest milestone in Multi's roll-out of 10 projects across Europe this autumn.
Multi Development has opened Forum Istanbul, the largest shopping centre in Europe and Multi's most ambitious project to date. The inauguration of the 175,000 m2 scheme at a special ceremony on Tuesday is the latest milestone in Multi's roll-out of 10 projects across Europe this autumn.
Multi says the EUR 750 mln project in the Turkish mega-city (population over 12 million) will generate employment for 5,000 people. Forum Istanbul aims to draw 25 million visitors per year and realise an annual turnover of EUR 500 mln.
The shopping centre consists of 495,000 m2 total construction area, 175,000 m2 rentable space, 265 national and international brands at Bayrampasa, Istanbul. Forum Istanbul was developed under the guidance of Eurohypo Bank. Multi noted construction was completed with a total investment of EUR 750 mln during the economic crisis. The mall is the seventh project in Turkey and the first in Istanbul for Multi Turkmall, Multi's Turkish arm.
