Corio purchased the 365 shopping centre in Ankara in July 2007, and in May 2008 the centre opened its doors to the public. 365 is one of four operational centres in Corio’s Turkish portfolio, and is leased by the Corio Türkiye team. The supply of shopping centres in Turkey, in terms of area per 1,000 inhabitants, is still relatively low compared with more mature markets. In addition, there is a growing population and consumer spending is rising sharply, particularly in major cities. As a result, the supply of shopping centres has shot up in recent years, particularly in cities such as Istanbul and Ankara. This meant that 365 was delivered and leased at the same time as a number of other shopping centres in Ankara.