Retail investment volume in Turkey increased threefold last year to EUR 770 mln compared with 2005, according to a report by Jones Lang LaSalle (JLL). Turkey's EU accession plans, a stabilising economy, increasing transparency and retailer demand are fuelling the boom in real estate foreign investment, which accounted for EUR 2.12 bn in 2006.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
