THE ATAKÖY COMPLEX

This mixed-use project in Istanbul, located between the airport and downtown, was one of the first of its kind in Europe, integrating a 700,000 square foot, double-anchored shopping center with two hotels, waterfront dining facilities and a 1,000-slip marina. The waterfront project was completed in 1988 for a then cost of $150 million. The project's components include:

• The Galleria: The Galleria, the first modern shopping center in Turkey, is located in Ataköy, a suburb of Istanbul. The Galleria features over 700,000 square feet of retail space, boasts 12 million visitors per year and features 134 retailers, including Lacoste, Levi's, Versace, Polo and Tommy Hilfiger. The center's amenities include structured parking for 2,000 passenger cars, business services, an entertainment center, conference halls, movie theaters, an ice-skating rink, bowling alleys and a food court. More information can be found on the web at www.galleria-atakoy.com.tr. The Galleria received the ICSC (International Council of Shopping Centers-Europe) design award in 1988.
• Ataköy Marina: The Ataköy Marina, built in 1988, offers berthing capacity for 1,000 boats and yachts of varying size and dry dock capacity of more than 100 boats on land as well as state-of-the-art equipment and services. The marina was the first commercially developed marina in Turkey and only the second 5-gold-anchor marina in all of Europe.
• Holiday Inn Crowne Plaza: This water-view five-star hotel at the Galleria complex has 298 rooms, tennis courts, indoor and outdoor pools, a fitness club and a sauna. The hotel also features 12 function rooms capable of hosting events for 800 guests during the winter and 2,000 in the summer. The hotel is located close to the airport and the historical section of Istanbul.
• Holiday Inn Marina: Adjacent to the Ataköy Marina, the Holiday Inn was completed in 1988 and is a four-star hotel with 173 rooms. The hotel features indoor and outdoor pools, function rooms and restaurants.
• Ataköy Yacht Club: Completed in 1988, the yacht club is a social club used by organizers of yacht races for social activities and sailing classes. The facility includes an outdoor pool, a reception hall and a restaurant.

THE CAROUSEL

Located in Bakirköy, Istanbul, this mixed-use project was developed on the site of a former Unilever vegetable oil factory, which had, over the years, been surrounded by residential development and was no longer considered an industrial district. The project, which was completed in 1995 at a then cost of $75 million, includes a shopping center and a children's hospital, making it one of the first urban mixed-use developments to combine healthcare and retail.

Carousel Shopping Center: The center's innovative design and tenant mix have made it not only a shopping destination, but also one for entertainment in the area. The 420,000 square foot center boasts 13 million visitors per year. It contains four movie theaters, a food court, structured parking for 800 cars and 91 retailers, including Calvin Klein, Dexter, Chicco, Burger King, KFC, Quiksilver, Reebok, Ellese, Tommy Hilfiger and Benetton. The Carousel received the ICSC marketing award in 1995.

BAKU PARK RESIDENCE

The Baku Park Residence, built in 1997, was constructed on the edge of the Caspian Sea in Azerbaijan as luxury multi-family housing for expatriate executives of large oil companies. The 80-unit project, which cost $25 million to develop, was let on long-term leases to several major oil companies. Amenities include underground parking, 24-hour security and maintenance service, central heating and cooling systems, attractive landscaping and a playground for children.

IZMIT OUTLET CENTER

The Izmit Outlet Center, built in 1997, was the first luxury outlet center in Turkey. The development is located on a former landfill and includes an amphitheater, two movie theaters, bowling facilities, a food court, a mega-supermarket and parking capacity for 2,300 vehicles. Over six million annual visitors enjoy over 200,000 square feet of retail space with merchants such as Toys R' Us, Levi's, Calvin Klein, Ellese, Tommy Hilfiger, Reebok, Ross, Migros and Benetton.