VASTNED EXITS TURKEY

Publication

18 April 2017 à 20h58

Updated on 10 May 2019 à 17h51

Reading time

2 minutes

Publication: 18 April 2017 à 20h58, Updated on 10 May 2019 à 17h51

Reading time: 2 minutes

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Publication

18 April 2017 à 20h58

Updated on 10 May 2019 à 17h51

Reading time

2 minutes

Publication: 18 April 2017 à 20h58, Updated on 10 May 2019 à 17h51

Reading time: 2 minutes

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In March 2017, the Dutch commercial property investor Vastned sold its entire Turkish portfolio (9 assets in Istanbul’s city centre) to private investors. President Mr. Taco de Groot said the decision was linked to Turkey’s current economic, political and geopolitical turmoil, with no chance of improvement in the short or medium term. The value of Vastned assets has decreased by 25% to about €100 million in late December, driven by the reducing appetite of global retailers to expand in...

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