Mega Investments in
Turkish Shopping Malls is Increasing!

Turkish shopping malls are 441 in total in our country. However, shopping mall investments also accelerated, and this figure is increasing. While the construction of Malkara Shopping Mall continues; Tem Point Istanbul Mall has finished.

Turkish shopping malls which start serving people within the framework of the gradual normalization on June 1, in which Covid-19 measures were relaxed, had a great reflection in shopping.

With the start of the wedding season and the acceleration of the transition to offices, the accumulated demand in many markets such as clothing, jewelry, furniture and food and beverage gained momentum.

In the last 10 days, the visitor numbers of Turkish shopping malls increased from 2 million 200 thousand to 4 million 100 thousand. These figures were the highest level seen since March 2020. At the same time, the turnover of shopping malls reached 70% of the level before the Covid-19 pandemic.

Huseyin Altas, President of the Shopping Centers and Investors Association, evaluated the latest situation in Turkish shopping malls.

Huseyin Altas pointing out to the demands accumulated on the consumer side have taken action since June 1, stated that since June 1, the visitor numbers of shopping malls have raised from 2 million 200 thousand to 4 million 100 thousand.

Malls are not open on Sundays. Stating that it is significant for the number of visitors to reach these levels despite being closed these days, Altas made the following statements on this issue:

“In terms of turnover, we have reached 70% of the pre-epidemic level. These figures are above our expectations. There is mobility in all sectors. We see the effect of deferred demand. We do not expect a decline. We hope that this mobility will be stable for a while. In case there won’t be an unexpected situation at the end of the year, we will reach the figures of 5 million.”

On the other hand, there are 441 shopping malls in Turkey. However, shopping center investments also increased, and this figure continues to increase more. While the construction of Malkara Shopping Mall, which has already been implemented by Qamar Group, continues; the Tem Point Shopping Mall, built by Nata Holding in Istanbul, has finished.