Mersin Centre, Turkey

This property is centrally located in an urban development area in one of the fastest growing cities in Turkey.  The property underwent a large refurbishment and an extension was also built, completed in 2012, all while the existing hypermarket remained in operation.  It has become a modern and convenient retail destination, with a large food court and popular event space.  As a result of these efforts, footfall at the shopping centre has increased by over 150%.

Value-add Strategy

  • Reposition the shopping centre by demolishing the non-functional mall and successfully renovating and extending the shopping gallery
  • Increase size of the new shopping centre by over 40%, providing a greater tenancy mix with a strong emphasis on leisure, events and sports
  • Provide a new shopping experience, food court and event offerings to significantly increase footfall and turnover