Pan-European retail investor VastNed Retail has entered Turkey with the purchase of an Istanbul shopping mall for EUR 9.7 mln. Newly built, the Sisli mall comprises 4,850 m[sup]2[/sup] of retail space as well as 200 parking spaces. Located in one of the most prominent districts of the city, the mall is anchored by a Tansas supermarket and the rest of the centre is let mainly to national retail chains.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
