Lebanese fund to invest 250 million USD in Turkey’s commercial property sector

Istanbul, 19 June 2012 – Edge Capital, the Lebanese investment fund is to invest 250 million USD inTurkey’s commercial property sector with partner Turkmall, a leading Turkish retail developer. According to, Turkmall’s Vice President, Levent Eyuboglu, “Partnership with Edge Capital opened new doors to similar deals with other Middle Eastern investment funds”. The partnership has the potential to attract USD 1 billion worth of investments inTurkey’s commercial property sector over the next 5 years according to Eyuboglu. Edge Capital owns 25 percent of Turkmall Real Estate and the partnership will focus on lodging, congress centres and retail sectors inTurkeyaccording to Naji Boutros the Edge Capital CEO. Source: Invest inTurkey