Corio takes interest in two Istanbul malls

Corio, the Amsterdam and Paris listed property company, is to take stakes in two shopping centres under construction in Istanbul. The acquisitions fit into its strategy to build a critical mass in Turkey, one of its core markets, the company said. The first agreement involves Corio and Akis, a shareholder in another Istanbul mall, acquiring a 50% interest in the Esenyurt shopping centre on the European side of Istanbul for EUR 45 mln.

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