The ADA shopping center in Adapazari has opened its doors to the public. The center comprises approximately 23,500 m² gross lettable area and 1,100 parking places.
The opening date of the shopping center was expected to be in first quarter of 2008 but as a result of close cooperation between the developer and Corio it opened before the end of 2007. At this moment, 99% of the lease contracts are signed. The first official opening days were successful with around 37,000 visitors on both Saturday and Sunday. This means that over 10% of the inhabitants of the primary catchment area visited the centre the first day. The acquisition price of the total shopping centre is approximately USD 65 million (including acquisition costs). The net initial yield is in conformity with Corio's expectations. After Akmerkez, this is the first shopping center for Corio in Turkey that is open to the public.
Source: Hugin
