Bodrum's first-ever luxurious shopping centre
Monday, July 13, 2009
The robust demand for shopping malls in Turkish metropolitan areas has made foreign investors focus on tourist centers and Inholte, the owner of the German LIP group is developing a unique luxury shopping centre in Bodrum, a Turkish centre of tourism.
Germany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Social BookmarkingGermany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Labels: Bodrum, Infrastructure
