"Corio acquires shopping center project in Malatya (Turkey)
(08/05/08 07:00 CET)
Corio has acquired a plot of land of 33,400 sqm in the city of Malatya. Malatya is a strongly growing city in Eastern Turkey with approximately 395,000 inhabitants. In cooperation with Acteeum Group a shopping center with approximately 50,000 sqm GLA, for which the commercial zoning has been obtained, will be developed. The development will take place under a cooperation agreement between Corio and Acteeum with the option for Corio to work together on the development of a number of shopping centers in Turkey with a total investment volume of approximately € 300 million. Acteum will be the developer."
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