Korupark Avm, Bursa — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Department Store AnchorsNational ChainsMixed-Use & Office TrafficFamily EntertainmentHypermarket Traffic

Not ideal if:

Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Korupark AVM, located at Mudanya Yolu 9.Km, Adnan Menderes Mahallesi, Osmangazi, Bursa, Turkey, opened in 2007 and stands as one of Turkey"s fifteen largest shopping centers with a total gross leasable area of approximately 71,267 square meters within a 169,000 square meter complex that includes residential components. Positioned in the developing western axis of Bursa, it benefits from strong accessibility via highways, bus, minibus, and light rail connections, drawing from a metropolitan population exceeding 3 million.

The tenant mix features anchor stores such as CarrefourSA (formerly Tesco), Koçtaş, Beymen, Boyner, C&A, and electronics retailers, complemented by over 170 stores offering fashion, accessories, and lifestyle brands, alongside a 5,317 square meter entertainment zone with a nine-screen cinema, bowling, and children"s play areas. Food court and dining options cater to diverse preferences, enhancing dwell time.

As Bursa"s most prestigious mall, it attracts A and B socioeconomic segments, with annual footfall estimated at 8-10 million visitors based on regional reports, supporting solid performance amid Turkey"s retail growth at 8.3% CAGR through 2033. Occupancy hovers around 95-98%, reflecting stable demand despite economic pressures like high inflation.

Leasing advantages include prime visibility along major boulevards, established brand ecosystem boosting co-tenancy synergies, and flexible spaces from 50 to 5,000 square meters suitable for retailers targeting middle-to-upper income consumers. However, challenges encompass competition from nearby Zafer Plaza and Podyum Park, potential infrastructure aging after 18 years, and market saturation in fashion categories.

Rent levels average 20-40 USD per square meter monthly, adjusted for location and size, per commercial real estate insights.

Operational quality remains high with modern atrium design and natural lighting, though parking management issues noted in visitor feedback could impact accessibility during peaks.

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Hours of Operation

Hours

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Monday	10:00 AM — 10:00 PM
Tuesday	10:00 AM — 10:00 PM
Wednesday	10:00 AM — 10:00 PM
Thursday	10:00 AM — 10:00 PM
Friday	10:00 AM — 10:00 PM
Saturday	10:00 AM — 10:00 PM
Sunday	10:00 AM — 10:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Mudanya Yolu 9. Km., Bursa, Türkiye

Insights

Demographics and Footfall

Bursa"s Osmangazi district features a diverse demographic with over 800,000 residents, median household income around 36,000 TRY annually, and employment rate of 60%, per local economic data. Korupark targets affluent A/B segments, including families from nearby prestigious residences, contributing to footfall of approximately 8 million annual visitors. This supports consistent traffic, with peaks on weekends, but seasonal dips occur due to regional tourism fluctuations and economic sensitivity in Turkey"s inflating market.

Tenant Mix and Competition

The mall hosts a balanced tenant mix with 40% anchors and majors like CarrefourSA and Boyner driving 60% of sales, 30% mid-tier fashion, 20% F&B and entertainment. Strengths include first-to-market international brands enhancing prestige. Drawbacks involve saturation in apparel amid e-commerce rise and competition from Zafer Plaza (nearby, similar size) and emerging outlets like Novada Bursa, potentially diluting footfall by 10-15% in saturated categories, per retail reports.

Lease Terms and Risks

Leasing offers minimum 5-year terms with turnover rents post-base (20-40 USD/sqm/month), incentives for anchors including fit-out contributions up to 30%. Advantages: High occupancy (95%) ensures stability; risks include currency volatility impacting foreign brands, infrastructure maintenance costs from 2007 build, and access congestion on Mudanya Yolu during rush hours. Market factors like 11.2% retail sales growth in 2023 provide upside, but high inflation (over 50% in 2024) pressures tenant viability.