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October 13, 2025

The retail market in Türkiye is undergoing radical change: There are fewer but stronger new store openings, record rents in Istanbul’s prime locations, and global brands positioning themselves alongside ambitious Turkish players expanding abroad. With steady demand fueled by tourism and projects such as Florentia Village and Tersane İstanbul redefining urban destinations, 2025 has been all about selective growth, seamless customer touchpoints, and retail at the heart of city life.

Retail real estate is at a tipping point. The era of simply leasing square meters is over. Tenants now expect digital tools, shared data, and strategic collaboration from their landlords. Forward-thinking center managers are stepping up, transforming from space providers into performance partners. Those who embrace this shift aren’t just keeping tenants – they’re attracting the next wave of retail innovators.

After 28 years in the service of Aldi Nord, Torsten Hufnagel steps down as CEO and will be leaving on 31 December 2025, naming Nicolás de Lope as new leader for the group.

What if your shopping center could predict which tenant would fail three months before they knew it themselves? What if empty walls and busy corridors could generate as much revenue as the stores beside them? What if finding the perfect pop-up tenant took minutes instead of months?