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European Retail Profile 2011
Ankara
Overview
The capital of Turkey, and the largest city after Istanbul, Ankara
has an interesting retail offer with modern and more traditional
shopping areas both on offer. As the modern retail offer has
developed, malls have opened along highways, moving retail from
the city centre to the outskirts of the city.
Location/ 30-Minute Drive Time Study Area Information
Ankara
City Profile
Ranking*
3,221,999
12th
High Street
Study Area Purchasing Power / Capita
€8,189
49th
GDP Forecast 2010 to 2015 (% pa)
5.86%
2nd
Consumer Spending Forecast
2010 to 2015 (% pa)
6.02%
1st
68
43rd
High Street: Ankara has witnessed a rapid change in its major
retail streets, such as Filistin and Arjantin Streets, as these streets
have become the major leisure hubs of the city. Tunalı Hilmi Street,
which is one of the busiest retail streets in the city, remains an
important retail destination with the entrance of international
brands such as MAC and Sephora.
Study Area Population
Cross-Border Retailer Attractiveness Index*
(Average = 100)
*based on analysis of 55 European cities
GDP & Consumer Spending source: Oxford Economics 2011. Study Area source: MBI 2010.
Key Retail Entrants
During 2010 / 2011
High Street Prime Rental
Information for Tunalı Hilmi
Prime Rent
(€/sq m/year)
Prime Rent
(TL/sq m/year)
Short-Term
Rental Forecast
€660
TL1,552
Harvey Nichols
Hugo Boss
Ralph Lauren
Armani
Stable
Burberry
Shopping Centres: ANKAmall is the largest and one of the most
established shopping centres in Ankara with a very good business
performance owing to its direct metro access and strong retail
offer. Panora is strong both in terms of retail offer and leisure offer
while Kentpark is distinguished by the presence of the first Harvey
Nichols store in the city. Eskişehir Road is the densest retail submarket hosting a number of big shopping centres; however, Cepa
and Gordion stand out with their good retail mix and the presence
of H&M. An additional 17,000 sq m GLA will enter the market in Q3
2012 due to the expansion of Armada.
Shopping Centre
Rental levels have followed a steady upward path in line with the
rising retail density in the city. Panora Shopping Centre has
recorded relatively higher rent levels benefitting from its tenant mix
and location. International and national brands’ appetite to take up
space in the major retail streets remains. This is evident from the
rental levels achieved in Tunalı Hilmi Street and Kızılay.
Opening Year
GLA (sq m)
ANKAmall
1999
Antares
Armada
Location
Key Anchors/Tenants
108,000
City Centre
5M Migros, Koçtaş, ElectroWorld, Boyner, Mudo City, Marks & Spencer, LCW,
YKM Sport
2008
84,000
Edge of Centre
Real, Praktiker, LCW, C&A, ElectroWorld, Koton
Panora
2007
81,000
City Centre
Tesco Kipa, Beymen, Boyner, Marks & Spencer, Teknosa, Zara
Cepa
2007
72,000
City Centre
Bauhaus, Boyner, CarrefourSA, LCW, Mudo City, Teknosa, H&M
Kentpark
2010
63,000
City Centre
Darty, Rossmann, LCW, Harvey Nichols, GAP, Koton, Decathlon, YKM, Media
Markt, C&A
Gordion
2009
52,000
Edge of Centre
Carrefour Express, Koçtaş, ElectroWorld, Teknosa, Zara, LCW,
Mudo Concept, GAP, Koton, C&A, Marks & Spencer, Bershka
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Market Profile – Ankara 2011
Yargıcı
Tekin Acar
Mithat Selection
Mango
Sephora
M&S
€660
Benetton
Vodafone
Koton
İpekyol
Sevil
D&R
Nine West
Benetton
Mado
Starbucks
Eat’n Joy
Big Chefs
The House Cafe
Vakko
Beymen
Tribeca
Günaydın
€
Kitchenette
Shopping Centre/
Department Store
Railway Station
Prime Rent
Metro Station
Jones Lang LaSalle Contacts
Nilgun Dil Erman, Head of Retail Agency Turkey
James Dolphin, Head of EMEA Retail Agency
Julie Collins, EMEA Retail Research
+90 212 350 0812
+44 20 7852 4623
+44 20 7399 5940
[email protected]
[email protected]
[email protected]
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