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    German group eyes to invest $1.5 billion in shopping malls in Turkey

    Hurriyet Daily News
    21.04.2009 - 16:10 | Son Güncelleme:

    ISTANBUL - Prime Development Group, a German investment company dealing with construction and operation of shopping malls, eyeing investments of $1.5 billion over five years in Turkey, presented its first projects on Tuesday.

    Prime Development Group unveiled its first projects to be built in Turkey's southeastern provinces of Iskenderun and Antakya, at a total cost of $350 million.

     

    The projects, to be named "Prime Mall," will be completed in one year, the statement said, adding that the company foresees 10 malls being constructed over the next five years.

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