Turkey is one of the bright spots for the European retail property sector, according to Boris van Haare Heijmeijer, partner retail services at adviser Cushman & Wakefield. 'The demographic and economic growth figures are good, also in the longer term. Turkey has a young and dynamic population. And while economic growth may be falling from the recent levels of 6-7%, it is still around 3%.'
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
