Dutch retail property developer Corio has finalised its 8th retail investment in Turkey with the acquisition of a 75,000-m[sup]2[/sup] shopping centre in Bursa in the north-west of the country. Expected to be anchored by a 24,000-m[sup]2[/sup] home furnishings store, a hypermarket and DIY outlet, the mall will be the most dominant retail centre in the affluent Marmara region. The first phase should be complete by the end of the year while the rest is geared to open early in 2010. The centre will be acquired on a turnkey basis, with the total investment sum based on the amount of space let.
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