ARTICLE · 13 JANUARY 2014

Shopping Malls In Turkey And Retail Legislation

Herdem Attorneys at Law

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Calling the shopping malls as a shining star would not be exaggerated and when we see the rise of the sector despite the financial worries and economic fluctuation in Turkey especially after December 17 which is the starting time of the bribery and corruption operation. Number of shopping malls and visitors also their value have still been on rise.

TurkeyStrategy

Mert Özkaya

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Calling the shopping malls as a shining star would not be exaggerated and when we see the rise of the sector despite the financial worries and economic fluctuation in Turkey especially after December 17 which is the starting time of the bribery and corruption operation. Number of shopping malls and visitors also their value have still been on rise.

Investment in Shopping Malls Still Advantageous

To start with, Turkey has been becoming a "shopping mall heaven" ever since 1988 which is the time that the first shopping mall was built in Turkey. The shopping mall sector is now twenty five years old, and has an effective acceleration. Shopping mall industry has reached the turnover of fifty billion Turkish Liras annually in 2013. And Turkey has now a dominant position in Europe as second highest number of shopping malls in Europe (after Russia). Considering Turkey's current situation e.g. young population, rise of retail sector etc, it seems that the number is gong to

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