Turkey Real Estate Yearbook 2012 - Europe Real Estate

Who'S Who
AAreAl BAnk AG
Aareal Bank AG
Paulinenstrasse 15
65189 Wiesbaden
Germany
E: aareal@aareal-bank.com
W: aareal-bank.com
Aareal Bank AG
Istanbul Representative Office
Ebulula Mardin Caddesi
Maya Meridyen Iş Merkezi
D: 2 Blok, Kat. 11
Akatlar, Istanbul
Turkey
T: +90 212 349 02 00
F: +90 212 349 02 99
WHO’S WHO IN TURKISH REAL ESTATE
Aareal Bank AG, headquartered in Wiesbaden, Germany, is one of the
leading international property specialists. On the basis of its many years
of experience in the financing of commercial and international properties,
the bank targets three continents with its range of financial services.
In order to make local experts available to its customers in all relevant
investment markets, the bank constantly strengthens its network of
international offices.
Aareal Bank AG continues to have a leading position in the Turkish
property financing market since 1999, with more than 20 financed deals
and over €900 million in total committed financing volume. Aareal was
one of the first European Real Estate Banks to open a representative office
in Istanbul in 2005, and to establish a team of local experts.
Having a long-term approach for the Turkish property market, Aareal has
shown its commitment to the Turkish market even during times of local
and global economic turbulence, including the 2001 Turkish economic
crisis, and the current global financial market disturbance. Building on
its experience of over 10 years in Turkey, Aareal is one of the few active
international lenders remaining in the Turkish real estate market, and
maintains its strategy of expanding its loan portfolio with a persistent
Senay Azak-Matt Buket Hayretci
General Manager First Vice President effort to grow its client base even during such difficult periods.
Turkey
Turkey
Aareal focuses on providing real estate financing solutions for first-class
hotels, shopping centers, logistics and office properties. Aareal’s local
expertise is combined with sector-specific know-how for each asset class
that is available in specialized teams at the head office level. Local and
sector experts work closely together to ensure the availability of the
know-how necessary for each individual transaction.
Whereas a significant portion of the current portfolio is split between
hotel and retail projects, Aareal has also been the pioneer among the
international banks in Turkey in the logistics sector, financing its first
logistics property in 2006, which was followed by several other deals in
this sector. Aareal’s financing in Turkey has included properties in the
primary cities of Istanbul, Ankara and Izmir, as well as in secondary cities
such as Mersin, Eskisehir and Konya.
In addition to having financed local investors in the market, Aareal also
acts as a starting point for many of its international clients who are
looking to enter into the Turkish market, and has already provided financing
to several international clients. Going forward, Aareal aims to enhance
its operating platform in Turkey with financing of sustainable prime assets
which contribute to the economic and social development of the local
market.
206 TURKEY REAL ESTATE YEARBOOK 2011
ECE Türkiye Proje Yönetimi A.Ş.
ECE Türkiye Proje Yönetimi A.Ş.
Defterdar Yokuşu No.3 Tophane
34425 Karaköy, Istanbul
Turkey
T: +90 212 377 77 00
F: +90 212 377 77 01
W: www.ece.com
Andreas Hohlmann
General Manager
Full page (1/1 page) company profile,
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Turkey
Real Estate Yearbook 2012
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WHO’S WHO IN TURKISH REAL ESTATE
Established in the year 2000 by the German ECE Group, ECE Türkiye
celebrates its 10th year in Turkey by developing, planning, realizing,
leasing and managing large-scale shopping centers.
ECE Türkiye is a long-time investor and service provider in all sectors
of the real estate business from development to architecture and planning,
supervising of construction, leasing, center management and all kinds of
financial services. With its 10 years of experience in Turkey, the company
currently operates Metrocity, Beylikdüzü Migros Shopping Center and
CarrefourSA Maltepe Park in Istanbul, ANKAmall in Ankara, Antalya
Migros Shopping Center in Antalya and Espark Shopping Center in
Eskisehir, all of which are among the most prestigious shopping centers
in Turkey.
In 2010, two additional projects are in the realization phase. One of the
projects under construction is Marmara Park, which will be opened in
2012 in the Beylikdüzü/Esenyurt region of Istanbul. Marmara Park will
comprise 100,000 m of GLA to host 250 national and international
brands, cafés and restaurants. The shopping center will also have a
10-screen cinema complex, as well as parking for approx. 4,000 cars. It is
adjacent to an already established Real Hypermarket and a Bauhaus DIY
store.
With its perfect location in the newly developed suburb of the mega city
Istanbul, featuring high functional and aesthetic standards, Marmara Park
will improve the quality of life in the area.
The second project under construction is in a convenient district in Lara,
Antalya, one of the most touristic cities in Turkey. TerraCity Lara
Shopping Center with a GLA of 48,000 m will host approximately 140
shops with a nine-screen cinema complex and a food court for 900 people,
as well as a car park for 1,500 cars. The shopping center will open its
doors in 2011.
With its experience of more than 40 years in Europe, ECE invests toward
the future of the retail industry with custom-made services, innovative
concepts, tailored branch and tenant mix, a high level of professionalism
and expertise, customer focus strategy and a reputation for strong performance.
TURKEY REAL ESTATE YEARBOOK 2011 207
Double Page (2/1 page) company
profile, photos of key staff, logo, address
and project photos.
• €5,650
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facT ShEET ciTY/aREa pRofilE
Half a century of developing prime real estate in turkey
m a y a grou p
F A C T S H E E T
ANATOLIUM BURSA , Bursa
l Land Area 94,500 m
l GLA 82,000 m
MAYA, founded in the
l Number of stores 150
1940s by the Özsüer
l Parking spaces 2,400
family, initially operated
MAYA Group
in the textiles industry,
Corio Turkey
but expanded into
CPU Retail Architects
various other businesses
IKEA, Leroy Merlin, Carrefour
such as pharmaceuticals,
Mediamarket
medical equipment, and
Phase 1 Q4 2008 (IKEA store)
body-care products.
Phase 2 Q1 2010 (Leroy Merlin &
Carrefour)
In the 1970s, the Group
Phase 3 Q3 2010 (shopping mall)
entered into the real
estate business and later
ANATOLIUM ANKARA,
Ankara
became one of the
largest property groups
l Land Area 76,500 m2
in Turkey. MAYA offers
l GLA 67,500 m2
Anatolium Bursa. Anatolium Ankara Retail Park.
l Number of stores 70
its customers best of
l Parking spaces 2,000
its kind in products
AnAtolium BursA ment and leisure concepts and a
AnAtolium AnkArA Ankara visitors will also find a
shopping mAll
food court as well as slow-dining
retAil p A rk
carefully-selected mixture of MAYA Group
and services, while Located in Bursa, Turkey’s establishments are gathered
Located in Ankara, the Turkish renowned-brand service shops
fourth largest economy,
together to provide the best
capital and the second biggest and a food court area in the mid- MAYA Group
giving priority to
Anatolium Bursa, which opened shopping experience for visitors
city in terms of population and size shopping section, which com-
trustworthiness, in 2010, has already become a to Anatolium Bursa.
GDP, Anatolium Ankara will plement the anchor tenants.
CPU Retail Architects
nationwide attraction.
be the shopping hit and a city
quality, creativity,
An extraordinary design
landmark of 2011. It will offer emerging retail district
IKEA, Leroy Merlin, Tesco,
strong anchors and big The design of Anatolium Bursa
Ankara’s long-awaited and only Anatolium Ankara is located at Electronics Market
honesty, coherence brands
is based on a village concept,
IKEA store to its visitors. the edge of Çankaya valley
and innovation. Being home to the only IKEA aiming at a more natural integra-
which is also home to various Start Q4 2009
store in Bursa and the first Leroy tion of the building into its sur-
retail park
other retail projects, thus con- Completion Q2 2011
Merlin store in Turkey, and also roundings.
Being home to the only IKEA verting the area into a mass
the largest Carrefour and
Together with the external areas,
store in Ankara coupled with retailing district. The main
Mediamarkt stores in the city, this allows it to play a positive
strong anchors such as Leroy reason for this area to emerge as MAYA Group
Anatolium Bursa is first and role in the urban context of the
Merlin, Tesco Kipa and an a mass retailing district is its Ebululla Caddesi Akatlar Maya Sitesi
foremost proud of its strong city; while utilizing a seamless
Electronics Market, Anatolium excellent access, both from the M Blok Beşiktaş Istanbul, Turkey
anchors.
blend of the local architectural
Ankara is one of the first exam- city in general via the ring road T: +90 (212) 351 00 22
Additionally, carefully-selected, lingo with contemporary interior
ples of a retail park in the and from the ever popular
F: +90 (212) 351 00 31
renowned brand shops, entertain- design trends.
Turkish market. Anatolium Çankaya district.
< < E: info@maya.com.tr
online: www.turkey-re.com/mayagroup
118 TURKEY REAL ESTATE YEARBOOK 2011
TURKEY REAL ESTATE YEARBOOK 2011 119
Fact sheet (2/1 page) project description,
photo(s) and information about the
program, owner, developer, architect,
investment and real estate advisor.
• €3,385 • Gyoder member price: €2,877
REDEVCO TuRkEy
İş Ş.
İş
WHO’S WHO IN TURKISH REAL ESTATE
REDEVCO Turkey is part of the REDEVCO Group
REDEVCO is an independent international real estate company, managing
and developing one of the largest retail portfolios in Europe, currently
valued at e7.3 billion. The portfolio comprises over 750 properties in top
locations throughout 18 countries. The company also operates in Asia,
where we are building a retail portfolio in the larger metropolitan areas,
with a focus on China. It is REDEVCO’s ambition to develop Asia as its
second home market. REDEVCO is owned by Cofra Holding AG, a Swissbased
holding company.
Business philosophy
We aim to make the right type of property available and to create sustainable
retail solutions in an urban environment that is inspiring and appealing to
future generations. Our main focus is city-center retail, but we also develop
and invest in retail parks and shopping centers. Pursuing a balance between
performance, people and society is a key feature of our business.
Patrick van Dooyeweert Steven Poelman
Managing Director Financial Director
Company profile
REDEVCO has 150 years of experience in developing, purchasing and
letting properties. Retail properties account for 90% of our portfolio, the
value of which has risen from €4.1 billion in 1999 to €7.2 billion currently,
and is planned to rise to €10 billion in the coming years.
Harold Reniers Tony de Graaf Social and environmental responsibility
Technical Director Director of Mall
Management For us, corporate ethical and social responsibility is not a choice but an
imperative, and an integral part of everything we do. Every activity we
undertake should contribute to the quality of society. Sustainability is
another guiding principle. Acutely aware that we are stewards looking
after the planet for future generations, we are committed to green building
standards like BREEAM. All our new development projects are assessed
against such international standards, ensuring best practice in sustainable
Emrah Çoban Pınar Saklýyan design. REDEVCO’s Gordion and Erzurum Shopping Centers were the
Commercial Director Koçali
PR & Marketing first green shopping centers and the first BREEAM-certified buildings in
Manager Turkey. Both were rated ‘Very Good’ in 2009.
REDEVCO published its second Corporate Responsibility Report in
September 2010.
Activities of REDEVCO TURKEY
REDEVCO Turkey focuses on developing and managing retail properties,
especially shopping centers, sometimes as part of multifunctional projects.
In just four years the REDEVCO Turkey team has grown to 50. The projects
developed, or in the pipeline, have established REDEVCO as a
major retail real estate developer, investor and mall manager in Turkey.
We currently have two shopping centers in operation (in Ankara and
Erzurum) and three projects under development (in Manisa and Edirne)
representing a gross construction area of 500,000 m² and six projects in
the pipeline. REDEVCO Turkey plans to invest over €1 billion in
Turkey’s expanding real estate sector.
240 TURKEY REAL ESTATE YEARBOOK 2011
IZMIR
REAL ESTATE MARKET REMAINS ROBUST C I T Y P R O F I L E
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Text, images and logo supplied by client.
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vehicula. Mauris id nunc. Mauris dum elementum elementu
< Bullring provides over110,000 m of retail space.
EUROPE REAL ESTATE YEARBOOK 2008 11
Sjabloon city-area-02.indd 10-11 06-03-2009 14:10:19
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SponSoREd aRTiclE
Cradle to Cradle aCro s s generations
SuStainable ViSionarieS William McDonough + Partners, pioneers in
McDonough’s teachings inspired Dutch
the sustainability movement,
architect Jamie van lede, founder of
have been working on improving the
origins architecten, early in his career and
William
quality of the built environment for over 40
set the direction of his work. this dialogue
Jamie
McDonough
years. Well-known for his Cradle to Cradle
between two architects across generations
van Lede
Founder/Architect
Founder/Achitect
William McDonough
vision and the Hannover Principles,
provided some thought-provoking insight.
Origins Architecten,
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By Connie Moser, Senior Editor REP
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et’s take a look at where JVL: What was happening when sors, a famous architect, coming
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University in Delft; being corture, but did frustrate me during and design could mean for each
inspiring the next generation of WM: Only a few of us in the architecture.’ It became really
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54 HOLLAND REAL ESTATE YEARBOOK 2010
HOLLAND REAL ESTATE YEARBOOK 2010 55

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Real Estate Yearbook 2012
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