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TSKB GYO and Tesco-Kipa Signature Ceremony
TSKB GYO and Tesco-Kipa Signature Ceremony

TSKB REIT to cooperate with Kipa at Pendorya

TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. has agreed with Kipa regarding the renting of the hypermarket, which will occupy an area of 8500 m2 at Pendorya Shopping Center which is being constructed by TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. at full speed.

A lease agreement has been concluded between TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. and Kipa Kitle Pazarlama A.Ş.

Korkut Ün, the General Director of TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. holding a speech at the signing ceremony, indicated that with the support, taken from the corporate power of about 60 years of TSKB, the founding partner of the Company, they had set the principle of creating projects, which are commercially and socially sustainable, as a "reliable business partner" and an "investor appreciating expertise".

In this context, Ün reminded, that they laid the foundation of a shopping and life center called Pendorya in Pendik, the rising star of the Asian side of Istanbul and said: "The construction of Pendorya, which will not serve only the citizens of Pendik and of the region, but also everybody passing by on the route of E-5 and which will enable to meet all needs under the same roof, continues at fast speed. We have not suspended our investment of which success we were sure of inspite of the global crisis affecting the entire world and our country. As promised, we continue with determination to open our doors at the last quarter of 2009. And the interest and trust of a leading company of the retail industry such as Kipa confirms it.

Ün stated further: "The shopping center will provide comfort and ease together on a closed area of 80000 m2, a rental area of 31000 m2, a hypermarket on an area of 8500 m2, an electro market on an area of 5500 m2, 135 shops, catering facilities for 1000 people and with its free-of-charge parking area with a capacity for 1000 cars. Especially with its upper and lower courts, the open-closed space passages, it will be an entertaining shopping center, where everybody will enjoy to be in. Pendorya will be an attractive alternative for the retail industry with its different architecture, the special created blend of shops and the carefully worked out understanding of operation".

Korkut Ün, the General Director stated, that they had agreed with TESCO KIPA, one of the leading fast moving consumer goods companies in the world and in our country to operate the hypermarket to occupy a space of 8000 m2 in Pendorya, said: "We are happy to be able to offer the visitors of Pendorya the quality of Kipa, which is the address of a pleasant and secure shopping at every location present".

THE PENDORYA SHOPPING CENTER

Total closed area: 80000 m2
Space to be leased: 31000 m2
Number of shops: 135
Capacity of catering area: 1000 pax
Parking capacity: 1000 vehicles
Hypermarket: 8500 m2
Electronics Market: 5500 m2
Opening Date: Last quarter of 2009