Multi closes EUR 4.3b Turkey retail vehicle

Multi Corporation, Europe's largest retail developer, confirmed the launch of a multi-billion-euro Turkish retail fund on Thursday as reported by PropertyEU last week. Multi Retail Turkey fund is a real estate development platform consisting of 21 shopping centres that are either completed, under construction or planned throughout Turkey with a projected value upon completion of EUR 4.3 bn. This sum will be financed through a combination of equity and bank facilities.

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