Vienna-listed Meinl European Land has won a public tender to buy a 90,000 m[sup]2[/sup] plot of land in Istanbul for EUR 100 mln. Meinl is planning to develop a EUR 200 mln shopping centre with a lettable area of around 50,000 m[sup]2[/sup] on the site. The shopping centre will be anchored by a hypermarket and construction should start in a year once all permits have been received.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
