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Endülüs Park is a contemporary shopping center in Bursa's Nilüfer district, Turkey, positioned at the crossroads of Istanbul, Izmir, and Mudanya roads for optimal accessibility. Covering 26,000 square meters of gross leasable area, it houses about 100 stores, encompassing a mix of fashion outlets, food and beverage venues, restaurants, cafes, and a supermarket as an anchor tenant. With 1,100 dedicated parking spaces, it caters effectively to local shoppers and passing traffic from nearby highways.
The property targets the burgeoning residential neighborhoods of Balat, Bademli, and Mudanya, where demographics include middle-income households (average annual income around 180,000 TRY), young families, and professionals, within Bursa's metropolitan area of over 3 million residents known for its industrial and automotive sectors. In the market context, Endülüs Park holds a solid position as a neighborhood retail destination in a suburb experiencing population growth of 5-7% annually, supported by infrastructure developments.
Occupancy stands at approximately 92%, indicative of robust leasing interest in new builds. Footfall averages 4,500 to 6,000 visitors per day, driven by convenience and proximity to residential zones, though it lags behind central Bursa malls.
Rent levels are competitive at 6-8 USD per square meter monthly, offering value in a market where Bursa averages 6 USD/m² for similar properties, with lease terms typically 5-10 years including turnover rents and inflation adjustments. Advantages for lessees include low entry barriers, diverse tenant synergy enhancing dwell time, and potential for sales growth amid regional expansion; however, drawbacks encompass economic pressures from Turkey's inflation (over 50% in recent years), competition from established centers like Oasis and Zafer Plaza, and occasional access congestion on surrounding roads.
Operational aspects feature modern, clean facilities with good maintenance, though aging infrastructure risks are minimal given its recent development around 2015-2020.
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Hours of Operation
Hours
| Monday | Closed |
| Tuesday | Closed |
| Wednesday | Closed |
| Thursday | Closed |
| Friday | Closed |
| Saturday | Closed |
| Sunday | Closed |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Accessibility
Endülüs Park serves a demographic profile centered on middle-class families and young professionals in Nilüfer, with household sizes averaging 3.5 persons and incomes of 15,000-20,000 TRY monthly. The surrounding areas of Balat, Bademli, and Mudanya have seen residential expansion, contributing to a catchment population of roughly 150,000 within a 10-km radius. Accessibility is a strength, located near O-5 and O-22 highways, facilitating easy entry for Istanbul-bound commuters and reducing travel time to under 5 minutes from main arterials, which supports consistent footfall even on weekdays.
Tenant Mix and Occupancy
The tenant composition includes 35% food and beverage (cafes, restaurants offering local cuisine like İskender), 30% fashion and accessories, 20% general merchandise including the supermarket anchor, and 15% services like electronics and health. This balanced mix promotes cross-shopping and average dwell times of 1-2 hours. Occupancy rate hovers at 92-95%, bolstered by the mall's newness and strategic location, though some categories like luxury retail remain underrepresented due to market saturation in broader Bursa. High occupancy signals stable leasing but requires lessees to compete for prime spaces amid growing demand.
Lease Terms, Rents, and Market Risks
Monthly rents average 6-8 USD per m², with base terms of 5 years extendable, incorporating 10-15% turnover rent and annual escalations linked to Turkey's CPI (often exceeding 40%). Practical advantages include promotional support from management and flexible fit-out allowances up to 20% of rent. Risks involve economic volatility, with retail sales in Bursa fluctuating 10-15% yearly due to currency issues, plus competition from 20+ malls in the region leading to potential footfall dilution; additionally, seasonal tourism dips and infrastructure strains from traffic could impact performance, advising lessees to model conservative sales projections of 500-800 USD/m² annually.
Building Details
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Bursa
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City Snapshot
Bursa
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