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Multi Turkmall celebrates the opening on Friday of Forum Camlik in the southern Turkish city of Denizli, the latest in 20 Forum shopping centres it intends to build in Turkey up to 2010. Forum Camlik provides 24,000 m² of retail space, a 4,500 m² supermarket, restaurant and leisure space and a 2,500 m² cinema.

Dutch developer giant Multi Corporation took 100% control of Multi Turkmall, its former joint venture with Turkish shopping centre developer Turkmall, in May last year underlining the importance of the Turkish market. Turkey accounts for 30% of Multi's massive pipeline which has an estimated value of EUR 17.2 bn.

Multi tops a PropertyEU survey of retail development in Europe. The company says it has a pipeline of 3.9 million m² in development stretching right across Europe from Ireland to Turkey. In two days in March this year Multi opened two shopping centres, one in Espacio Buenvista in Oviedo, Spain and Victoria Square in Belfast, Northern Ireland. The centres had a combined total space of 115,000 m².

ING Real Estate, another Dutch-based company, is the second largest retail developer in the PropertyEU research. ING RED says it has 1.5 million m² of projects in the pipeline, divided between 100 projects in nine European countries.Although the vast majority of its 100 retail projects are in Western Europe, ING RED is also moving eastward. It is involved in four retail projects in the Czech Republic and two in Hungary, the 40,000 m² Skala Budapest scheme and the 29,000 m² Buda Skala shopping centre.

Other Dutch major developers in the retail segement include Foruminvest which has a pipeline of 820,000 m² and Redevco Europe which has about 30 projects comprisiing a total of 610,000 m² of retail space.

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