VastNed enters Turkey with buy of Istanbul mall

Dutch-based pan-European retail property investor VastNed Retail has entered Turkey through the purchase of the Elysium Shops shopping centre from developers Mimtur and Ofton for EUR 9.7 mln. The mall, located in the Sisli district in Istanbul, is newly built and provides 4,850 m[sup]2[/sup] of retail space on the ground level and 200 parking spaces. Sisli is one of the most prominent and affluent districts in the city, with excellent infrastructure and numerous residential developments.

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