Istanbul-based Multi Turkmall and Hamburg's Union Investment have announced the opening of the largest retail project in the Mediterranean. Located in Mersin, a coastal resort in the southeast of Turkey, the Forum Mersin Shopping and Lifestyle Centre offers 71,500 m[sup]2[/sup] of shops, restaurants, leisure and cultural facilities. All of its 200 shops are fully let and tenants include international names like Zara, Media Markt and Marks & Spencer, as well as national chains. Entertainment facilities include a nine-screen cinema complex and the centre can accommodate up to 2,000 cars.
Istanbul-based Multi Turkmall and Hamburg's Union Investment have announced the opening of the largest retail project in the Mediterranean. Located in Mersin, a coastal resort in the southeast of Turkey, the Forum Mersin Shopping and Lifestyle Centre offers 71,500 m2 of shops, restaurants, leisure and cultural facilities. All of its 200 shops are fully let and tenants include international names like Zara, Media Markt and Marks & Spencer, as well as national chains. Entertainment facilities include a nine-screen cinema complex and the centre can accommodate up to 2,000 cars.
The German company acquired the Forum centre in April last year for its open-ended real estate fund Unilmmo: Global. Plans for the project were developed by T+T Design in the Netherlands and its architects were Chapman Taylor in Spain and MM Project of Istanbul.
Multi Turkmall is the Turkish subsidiary of Multi Corporation, a Dutch-based developer ment of shopping centres and mixed-use projects across Europe. In addition to the shopping and lifestyle centres in Mersin, the company completed a similar project in the Turkish city of Izmir last year and has some 25 in the pipeline in the rest of the country. Union Investment's open-ended real estate funds take in some 150 properties and projects across Europe, the Americas and Asia. Its assets under management amount to EUR 13.1 bn.
