"International Retailers Jockey for Space in Turkey
By Sara Seddon Kilbinger Special to The Wall Street Journal
Word Count: 767
International retailers are crowding into Turkey to cater to an eager cadre of shoppers in one of Europe's fastest-growing neighbors.
About €3 billion to €4 billion ($3.9 billion to $5.2 billion) of real-estate deals are expected to be transacted in Turkey this year, with 80% involving retail properties, says Michael Rodda, head of retail at real-estate-advisory firm Cushman & Wakefield Inc.'s cross-border capital-markets team in London. This compares with about €1.1 billion of deals last year, which, in turn, represented a 10-fold increase from 2004."
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