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Clarks to open new store in Istanbul – C&W advises

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Cushman & Wakefield, the world’s largest privately-owned real estate services firm, has advised international footwear brand Clarks on a new store in Istanbul, Turkey.

The 1,600 sq ft outlet – Clarks’ fifth Turkish store, due to open next month – is located at the popular Capacity Shopping Mall in the city’s busy Bakırköy business district, a 15-minute drive from Atatürk International Airport. 

Named for its large capacity, the mall spans five floors of retail and houses nearly 200 shops, cafes, bars and restaurants.  Other international fashion retailers based in Capacity, which hosts 18 million visitors each year, include: Banana Republic, C&A, Camper, Hugo Boss, Inditex, Lacoste, Levi’s, Mango, Marks & Spencer and Tommy Hilfiger.

Cushman & Wakefield’s Istanbul-based retail team will be providing support to Clarks as it looks to open a total of at least 25 new stores in Turkey over the next four years.

Toğrul Gönden, Managing Partner of Cushman & Wakefield in Turkey, said: “Since opening in 2007, Capacity Shopping Mall has become one of the most visited retail destinations not just in Istanbul but in the whole of Turkey.  We will continue to work with Clarks on implementing its ambitious Turkish growth strategy by finding the best properties in the most suitable locations.”