Corio to invest €50 mln for a mall in southern Turkey

Corio said the shopping center, which would be build under the cooperation with Acteeum Group, is planned to be approximately 25,000 square meters.

“The total investment in the Tarsus shopping centre will be approximately 50 million euro and the net initial yield upon delivery is at least 8%, which is in line with Corio's other investments in Turkey,” the company added in its statement.

Corio operates 10 shopping malls in Turkey, including Akmerkez in Istanbul. Corio and Acteeum Group plan to invest a total 300 million euros in their investments throughout the country, the statement added.