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MULTIMEDIA
May 27, 2012
 
 
 
 
 
 

Akmerkez operator to open second luxury mall

21 January 2010 / İBRAHIM BALTA, İSTANBUL
Akkök Group, the owner and operator of Akmerkez, one of Turkey’s first private shopping centers, has begun work on a second shopping, residential and wellness center in İstanbul that will cost approximately $220 million.

Purchasing shares of Garanti Koza and Corio, the group will have 100 percent ownership in the new project, which will be called Akbatı AVM.

The group’s real estate investment company, Akiş, will build and sell 348 apartments on the upper stories of the new shopping center and rent 300 stores. The new building will be constructed on 50,838 square meters of land with a total gross construction area of 242,000 square meters. The residences will be in a 21-story “blue tower” and an 11-story “green tower,” and the size of these flats will range from 67 square meters to 571 square meters. The cheapest apartment will be TL 67,000, with the most luxurious suites costing TL 1.85 million. The company bought the land for the new mall from the Esenyurt Municipality in 2006 for $22 million.

 
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© Feza Gazetecilik A.Ş. 2007, Ahmet Taner Kışlalı Cad. No: 6, Bahçelievler - İstanbul 34194 Turkey, +90 (212) 454 1454, +90 (212) 454 1497(fax)