Corio pulls out of Turkish shopping centre developments

Dutch shopping centre specialist Corio said on Monday it has pulled out of the Akkoza (25% interest) and Akasya (7% interest) shopping centre development projects in Turkey (EUR 79.5 mln) and removed them from its pipeline. The company said it had reached an agreement with the developers to cancel its participation in the two projects as they are no longer in line with its strategy of focusing on established operational centres in primary cities.

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