SIII Closes Acquisition of AkCenter Shopping Center

Posted on July 29, 2016 · 1 min read

SIII Closes Acquisition of AkCenter Shopping Center - Featured Image | MEA Markets
Share this article
Image

SIII Closes Acquisition of AkCenter Shopping Center

Strategic Internet Investments, Inc. completes its acquisition of AkCenter Shopping Center as it continues to expand its real estate portfolio in Europe and the Middle East.

On July 18, 2016, SIII finalized the acquisition of the AkCenter in exchange for $66,000,000 in debentures. This purchase is the first step in a series of acquisitions in the coming weeks as SIII rapidly expands its commercial real estate portfolio.

AkCenter is an outlet center located in a rapidly developing area in Ankara with a high population density of young families. There are a total of 166 rental units covering approximately 18,500 square meters. AkCenter boasts 1,000 open air parking spaces as well as 250 indoor spaces. AkCenter is located only 200 meters from the metro station and is very accessible to new families in the region.

SIII’s strategy is to complete a series of commercial acquisitions this calendar quarter in its effort to build a portfolio of lucrative real estate properties throughout Europe and the Middle East.

You might also like

Looking for more? Gain deeper insights with these recommended articles, selected to provide further value.

September 7, 2015 Bank Nizwa Opens 11th Branch in Al Buraymi

Bank Nizwa opened its latest branch in Al Buraymi Governorate as part of its long-term strategy to reach more customers and increase accessibility of its services across the Sultanate.

October 11, 2016 Arabian Power Electronics Company Announces GCC Expansion Plans At WETEX 2016

Dubai, UAE, October 5, 2016: Arabian Power Electronics Company (APEC), a leading global power electronics manufacturer fully owned by Eram Group, today announced its regional expansion plans for the UAE and other GCC countries at the Water, Energy...

September 6, 2015 Foreign Currencies Linked to Dubai Real Estate Price Decline

Phidar Advisory has released its Q3 mid-quarter Dubai residential research note. The report shows that residential prices in the third quarter of 2015 continue to decline, compared to the previous quarter.

Join our newsletter.

Gain Access To Exclusive Content

Stay Updated With The Latest News

It's Free To Subscribe

By signing up, you agree to receive marketing emails.

Join our newsletter box - side image
Trusted by the best teams around the world