Turkey's REIT sector is poised for significant growth with major developments planned, including 45 new shopping centers and 120,000 hotel rooms within three years. Istanbul leads in investment and development according to the PwC/ULI report. The document compares Turkey's REIT market size to other countries in Europe, highlighting its relatively small but growing presence.

1. Turkey's REIT sector: An iceberg in Europe
Mete Varas, VP Europe
March 6, 2012
MIPIM 2012, Cannes

2. Turkey's REIT sector: An iceberg in Europe
• Which country in Europe expects 45 new shopping centers only
in 2012?
• Which country in Europe expects 120,000 hotel rooms on 1,000
new properties in the next 3 years?
• Which country in Europe expects to develop 70.000+ residential
new units (branded projects) only in 2012?
• For the second consecutive year, Istanbul is ranked first for both
investment and development by PWC/ULI Emerging Trends in
Real Estate report

3. Turkey’s Exceptional Performance
Source: IMF Source: Turksat

4. Turkey’s Exceptional Performance
Source: Treasury Source: Treasury, IMF

5. Turkey’s Exceptional Performance
Source: Treasury Source: Treasury, IMF

6. REITs in Turkey
Country Under ($ bn) Listed ($ bn) % Stk Mkt %
US 6,437 375 5.9% 14,362 2.7%
Japan 2,305 148 6.4% 3,652 4.1%
Germany 1,522 56.6 3.7% 1,362 4.2%
UK 1,063 56 5.2% 3,174 1.8%
France 1,186 73 6.2% 1,489 4.9%
Hong Kong 974 254 26.1% 2276.8 11.2%
Italy 956 1.7 0.2% 501 0.4%
Australia 514 99.9 19.4% 1304 7.7%
Turkey 219 7.5 3.4% 232 3.2%
Source: EPRA
Source: EPRA

7. Growth of the Turkish REIT Market
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8. Real Estate in Turkey