Multi and Qubicon create Turkey’s largest mall owner and manager
Multi Corporation, one of Europe’s leading owners, developers and managers of prime shopping centres, announces that Multi Turkey has joined forces with Qubicon, the retail real estate investor and manager, to create one of the biggest players in Turkey.
“We are pleased that we’ve successfully combined the Multi and Qubicon portfolios, creating the largest shopping centre management and development company in the Turkish market,” said Jaap Blokhuis, CEO of Multi Corporation.
The combined Multi-Qubicon business owns and manages 14 active shopping centres and 4 new developments, representing over one million sqm. The active shopping centres welcome 160 million annual visitors and generate five billion TL turnover per year. The company’s centres include Forum Istanbul, the biggest shopping centre in Europe and Marmara Forum, awarded the ICSC Best Shopping Enter in Europe, as well as Gordion and Forum Ankara in the nation’s capital.