Double success for avm mfi partners: The Turkish-German joint venture has taken over the management of two more shopping centers in Turkey. One is the project 212 in Istanbul, which is still under construction, and the other is the Babil Shopping Center in Diyarbakir, which was opened in 2007. With the Palladium Shopping Center in Istanbul, avm mfi partners now manages three shopping centers in Turkey.
The Babil Shopping Center in Diyarbakir opened in 2007.
The 212 Istanbul Shopping Center will be opened this autumn and has a lettable area of 67,380 m². The investor, Akin Holding, had previously engaged avm mfi partners with the letting of the shopping center, which accommodates 195 stores. In addition to the anchor tenants Media Markt, Praktiker and Carrefour, Mango, Tommy Hilfiger and Adidas are also opening outlets in the 212 Istanbul Shopping Center.
The first center management order for avm mfi partners outside Istanbul is the Babil Shopping Center in Diyarbarkir in the southeast of Turkey. With more than 660,000 inhabitants, it is the administration center of the province of the same name. The Babil Shopping Center was opened in 2007. This downtown shopping center has a lettable area of 25,000 m² with 60 stores. The anchor tenants include Carrefour and the Turkish consumer electronics giant, Teknosa.
Adjoining the shopping center is a culture center which avm mfi partners want to incorporate into their management strategy. "For us these are ideal conditions to further develop the Babil center as a place of communication, trade and experience," explains Semet Yolac-Canliel, who heads the Center Management division at avm mfi partners. This objective has come one step closer thanks to the opening of a multiplex cinema in the shopping center planned for this July.
"These center management orders confirm the good reputation which avm mfi partners has already gained after one-and-a-half years of its existence. And they also show that the need for professionally managed shopping centers is growing and that more investors and owners are counting on competence with us," states Dr. Christina Weiss, Vice-President of avm mfi partners and Board member of mfi management für immobilien AG.