Increased sales turnover by 90% | Turkish Economy News

ECE Turkey, one of the subsidiaries of the German ECE Marketplaces, which manages approximately 200 shopping malls, increased its retail sales turnover by 90 percent last year compared to 2022. Nuri Şapkacı, Co-General Manager and CFO of ECE Turkey, stated that 2023 has been very successful for them and said, “There is a 9 percent increase in the number of customer entries. We experienced a decrease in February due to the effect of the earthquake that hurt us all deeply. However, with the election process entering, the thought that prices may increase caused shopping disruptions.” “This has had a positive impact on turnover. The occupancy rate of our shopping malls is above the industry average and close to 100 percent,” he said.

The company’s portfolio includes 12 shopping malls, 9 of which are in operation and 3 of which are under construction. ECE Turkey manages 2,500 contracts on 600 thousand square meters of leasable area. ECE Turkey Co-General Manager and COO Semet Yolaç Yaşamel also stated that V Metroway in Istanbul Başakşehir and Ağaoğlu ÇekmeköyPark AVM will be put into service this year. Canliel said, “With V Mall Istanbul, which will start operating in 2025, we will create an important retail destination in Başakşehir with a total area of ​​70 thousand square meters. We also added Ağaoğlu ÇekmeköyPark AVM to our portfolio. “There will be more than 100 stores in a leasable area of ​​25 thousand square meters in the shopping mall leg of the mixed-use project, which was implemented with an investment volume of 7 billion liras,” he said.