Koray Özgül started his career as the property development manager in Elf Oil in 1993. He joined the company of McDonald’s as the real estate reponsible. After worked at Praktiker AG in Germany and Turkey, he worked in many different places in the world including Cushman&Wakefield Company in Shangai. After worked as the loans manager in Aareal Bank in 2006, he started to work in Corio Turkey and has been serving as the CEO of the company since then.
Mr. Özgül is a member of ICSC and Urban Land Institute.

Corio Turkey

Corio is one of the largest listed property investment companies with a focus on retail in Europe. Corio’s portfolio of €7.2 billion consists of  95% of shopping centers in The Netherlands, France, Italy, Spain, Germany and Turkey. Corio manages its own shopping centers.

In view of its knowhow and experience, Corio decided to enter to Turkish market in 2004 as the Turkish market enjoys the potential of providing investors with new opportunities and capacity. Corio acquired 46.92 percent of Akmerkez Shopping Centre in April 2005 as a part of this process. 

Currently, Corio Turkey owns 51 percent of Denizli Teras Park AVM, 100 percent of Adapazarı Ada AVM, 100 percent of Ankara 365 AVM and 100 percent of Tekirdağ Tekira AVM. In September 2010, Corio acquired Anatolium Bursa, featuring IKEA, Carrefour, Media Markt and Leroy Merlin as anchor tenants. The last acquisitions announced by Corio were Malatya and Tarsu. Corio now has eight projects in total and the total sum of the investment value in Turkey has reached to 1 billion dollars. 

The shopping centers in Turkey, with the exception of Akmerkez, are managed locally according to Corio’s hands on management philosophy, which continuously looks for ways to optimize each shopping center based on the needs and wishes of the tenants and consumers. Corio will continue to pursue high quality operational shopping centers, which will add value for municipalities, retailers and consumers in Turkey.
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