ISTANBUL — Anatolia News Agency
November/30/2011

Boston-based Taurus Investment Holding and Turkey’s Ensari family have agreed to invest 200 million euros in a new shopping center project in the capital city of Ankara.

The Taurus Ankara AVM shopping center, which is scheduled to open in the first quarter of 2013, will be the first of its kind on the Balgat-Konya road, according to a press statement by the builders.

“Turkey is a very important country for us and our faith in Turkey is complete,” said Taurus Investment Holding’s Chairman Lorenz Reibling in a press release, stressing Turkey was a priority investment location.

The Taurus Ankara AVM is expected to provide jobs for 1,500 people, while the complex will house 130 stores, a cinema and food court.

It will also have a 1,900 vehicle outdoor and indoor garage capacity, the company said.

Taurus Investment Holdings chairman Lorenz Reibling speaks at an Istanbul event. Hürriyetphoto