Dutch retail specialist Multi Corporation says it will not long develop exclusively for its own real estate portfolio in some countries. 'The new projects in Turkey, Ukraine, Georgia are open to other investors,' Multi's managing director Nico Veldhuis told property newspaper Vastgoedmarkt. Multi's decision marks a significant turnaround in the company's strategy which since the takeover twee years ago by the pan-European Morgan Stanley Real Estate Fund V (MSREF V) has been focusing solely on the development of its own portfolio. Veldhuis pointed out that the decision also applies to the large shopping centre that Multi will build in Tiblisi, the capital of Georgia.
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