Over the past couple of years Turkey has shown healthy GDP growth figures, outperforming many European markets.
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The value of the retail portfolio in Turkey (including associates) increased to € 403.2 million at year end 2009 from € 333.4 million at year end 2008.
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The net rental income of the Turkish retail portfolio rose 57% from € 5.4 million to € 8.5 million.
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The estimated footfall for 2009 was 17.5 million. This figure includes Adacenter, 365, Teras Park and Tekira.
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The total value of the pipeline in Turkey dropped by € 220 million from € 566 million (including € 117.5 million already invested) at year end 2008 to € 340 million including € 87.0 million already invested.
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