Turkey's 4th largest shopping mall, Marmara Forum, is being sold! The figure on the table has been revealed

Marmara Forum, which is among the largest shopping malls in Istanbul and the 4th largest in Turkey, is set to be sold to the Artaş Group for 250 million euros. It has been stated that the negotiations have reached the final stage.

According to a report by Patronlardünyası, a concordat decision was issued last year for 9 giant shopping malls, including Marmara Forum and Forum Istanbul; in the ongoing process, 40 percent of the shopping centers that fell into financial distress were sold to the Küçük family, the major partners of LC Waikiki.

It has been learned that the final stage has been reached for the sale of Marmara Forum, which was excluded from those sales transactions and is the 4th largest shopping mall in Turkey in terms of surface area, to the Artaş Group.

THE FIGURE ON THE TABLE IS 250 MILLION EUROS

Mehmet Gezer, who shook hands with the Küçük family for the sale of the Forum shopping malls, is now close to shaking hands with the Artaş Group, led by Süleyman Çetinsaya, for the sale of Marmara Forum. It was reported that the figure on the table in the final-stage negotiations is at the level of 250 million euros.

BECAME SUBJECT OF A LAWSUIT WITH THE IMM

Marmara Forum, which began operations in Bakırköy in 2011, hosts 300 national and international brands in its 135,000 square meters of leasable area. There is also a block in Marmara Forum that contains office spaces.

In 2014, the section where this block is located was determined to be illegal within the scope of a lawsuit filed by the Istanbul Metropolitan Municipality (IMM), and its occupancy permit was canceled. In 2016, a motion was submitted to the IMM Assembly to legalize this block, and it was accepted. In July 2017, the IMM headquarters building in Merter was moved to this block and began its operations from there.