Akyaka Park AVM

What Akyaka Park AVM does

Akyaka Park AVM is a single-asset shopping mall and lifestyle center located in Ümraniye, Istanbul, Türkiye, opened in May 2016 and operated by Akasya Alçı Madan Üretim A.Ş. under the ownership of TMSF (Tasarruf Mevduatı Sigorta Fonu / Savings Deposit Insurance Fund of Turkey). The facility spans 47,000 m² and serves approximately 5 million visitors annually, with a 4,000-person daily food court at lunch peak driven by the surrounding financial district office workforce. The offering is structured as an integrated physical retail and entertainment destination: a tenant base of approximately 47 brands spanning fashion (LC Waikiki, Mavi, Deichmann, Flo, Pierre Cardin), health and beauty (Gratis, Watsons), grocery (Migros on the -3 floor), and telecom (Vodafone); a food court combining international chains (Arby's, Burger King, Popeyes, Starbucks) with local Turkish operators; and entertainment sub-brands including Cinemaximum cinema, Macfit fitness, Play Planet children's play center, and Bowling Planet. Facility services (free parking including LPG vehicles, disabled access, pharmacy, ATM, dry cleaning, tailor, baby care room, prayer room) are bundled in.

Revenue is generated primarily through retail space rental to a diversified tenant base, with secondary streams from food court and restaurant leasing, entertainment operator rentals, event and sponsorship revenue (concerts, radio broadcasts, celebrity appearances, municipal events), and auxiliary parking and facility services. Go-to-market is a hybrid of physical footfall driven by location in a financial district intersection, accessible by metro and IETT bus, plus event-based marketing through Super FM and Radyo Turkuvaz broadcast partnerships, Ümraniye Municipality co-programming, and social media (Facebook, Twitter, Instagram, YouTube). The core customer segments are general consumers, families with children, and white-collar professionals, with secondary demand from entertainment seekers.

The technology footprint is conventional for a regional mall: standard facility management, ISO 27001-aligned information security, and KVKK-compliant personal data handling. There are no disclosed proprietary technology platforms, AI/ML systems, or digital commerce channels — the asset is operated as a physical destination whose primary commercial logic is tenant rent collection and footfall monetization.

Name

Akyaka Park AVM

Legal name

Akasya Alçı Maden Üretim A.Ş.

Website

https://akyakapark.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Akyaka Park AVM is a 47,000 m² shopping and lifestyle center in Ümraniye, Istanbul, serving approximately 5 million annual visitors with retail, dining, cinema, fitness, and family entertainment. It is operated by Akasya Alçı Maden Üretim A.Ş. and owned by TMSF, generating revenue primarily from tenant rentals and event-driven footfall.

Ownership category

akta.pro rank

Product category

Shopping Mall Operations

NAICS

Amusement Parks and Arcades (7131), Amusement, Gambling, and Recreation Industries (713)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Family Entertainment Centers & Indoor Amusement (Arcades, Trampoline Parks, Indoor Play) (THAAAAAD)

akta.pro secondary industries

Multipurpose Event Center Operations (Civic Centers, Community Event Complexes) (MPAGALAE), Arenas & Indoor Sports Centers (MPAKAEAB)

Keywords

• Shopping mall operations
• Retail space leasing
• Food court services
• Mall entertainment venues
• Commercial property management

Headquarters

HQ city

Istanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Retail Space Rental: Revenue generated from leasing retail space to various brands and stores including fashion, electronics, health, beauty, and home goods retailers
2. Food Court and Restaurant Leasing: Revenue from leasing dining spaces to multiple food and beverage operators including Arby's, Burger King, Starbucks, Popeyes, and local Turkish restaurants
3. Entertainment Services: Revenue from entertainment facilities including Cinemaximum cinema, Bowling Planet, Play Planet, and Macfit fitness center
4. Event and Sponsorship Revenue: Revenue generated from events, concerts, radio broadcasts, celebrity appearances, and promotional partnerships with brands
5. Parking and Facility Services: Revenue from parking services (including free LPG parking), and auxiliary services such as dry cleaning, tailor, pharmacy, and ATM services

Distribution channels5 records

Marketing channels7 records

Core offering

Akyaka Park AVM operates a 47,000 square meter shopping and lifestyle center in Ümraniye, Istanbul, providing retail space leasing to approximately 47 brands, a food court with international and Turkish restaurants, entertainment facilities (cinema, bowling, children's play area, fitness center), facility services, and event programming. The mall serves approximately 5 million visitors annually and operates daily from 10:00 to 22:00.

Product overview

Akyaka Park AVM operates as a shopping mall and lifestyle center in Ümraniye, Istanbul, spanning 47,000 square meters and serving approximately 5 million visitors annually. The center opened in May 2016 and positions itself as a family-oriented destination combining retail (Shopping/Alışveriş), dining (Lezzet), and entertainment (Eğlence) services. Core offerings include a diverse mix of approximately 47 retail brands, a food court with multiple restaurant options, Cinemaximum cinema, Play Planet children's entertainment center, Bowling Planet, and Mac Fit fitness facility. The center also provides comprehensive facility management services and maintains an active events program featuring concerts, radio broadcasts, festivals, and workshops. Additionally, it offers retail space rental services (KIOSK, STANT, MAĞAZA) for commercial tenants.

Differentiator

Problem solved

Functional benefit

Brands

• Cinemaximum: Cinema operating within the mall featuring multiple screens for movies.
• Play Planet
• Bowling Planet
• Macfit

Products and services

• Shopping (Alışveriş) Retail shopping services featuring a mix of local and international brands across clothing, accessories, technology, cosmetics, home goods, and children's products for mall visitors.
• Dining (Lezzet) Food court and restaurant services offering diverse cuisine options including international fast food chains (Arby's, Burger King, Popeyes, Starbucks) and local Turkish restaurants (Bay Doner, Dönerci Ramiz, Kahve de Haşim, Mado) for mall visitors.
• Cinemaximum Cinema In-mall cinema operated by Cinemaximum chain, offering movie screenings in multiple halls for visitors as part of the entertainment offerings.
• Play Planet Children's entertainment center featuring rides, cars, carousels, space vehicles, basketball games, ball pits, and bumper cars for families with children.
• Bowling Planet Bowling alley entertainment facility offering bowling activities for visitors seeking leisure entertainment.
• Mac Fit Fitness Center Fitness and sports center operated by Mac Fit providing gym and health services for visitors seeking wellness activities.
• Facility Services (Hizmetler) Comprehensive facility management services including customer service, ATMs, baby care room, information desk, disabled wheelchair access, free disabled parking, security, internet, free LPG parking, prayer room, tailor, dry cleaning, shoe repair, first aid, free parking, and pharmacy.
• Events & Activities (Etkinlikler) Diverse event programming including concerts, radio broadcasts, festivals, workshops, children's activities, cultural events, and holiday celebrations for visitors.
• Workshops (Atölyeler) Educational and creative workshop programs for children and families, including arts, crafts, and skill-building sessions organized monthly.
• Retail Space Rental (Kiralama) Commercial space rental services for retail tenants including KIOSK, STANT (stall), and MAĞAZA (store) formats, allowing brands to establish presence within the shopping center.

Quantifiable outcome

• Approximately 5 million visitors annually
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, minor and major.

• Ümraniye Belediyesi (Ümraniye Municipality)coreStrategic or Co-development Partner · 27 November 2021Collaboration with Ümraniye Municipality for community events including the Hamsi Festivali held on November 27, 2021 at the mall. The municipality supports various cultural and social events at Akyaka Park, providing official backing and community engagement for programming.
• Türkiye Gaziler ve Şehit Aileleri Vakfı (Turkish Veterans and Martyrs' Families Foundation)minorStrategic or Co-development Partner · 28 August 2018Collaboration with the veterans foundation for the Çanakkale Destanı (Çanakkale Epic) exhibition held August 28 - September 9, 2018. The exhibition featured war artifacts and photographs commemorating the Çanakkale Victory.
• ETİK TURminorStrategic or Co-development Partner · 28 August 2018ETİK TUR organized the Çanakkale Destanı exhibition traveling across Turkey. Partnership brought cultural heritage exhibition to Akyaka Park visitors.
• TMSF (Tasarruf Mevduatı Sigorta Fonu / Savings Deposit Insurance Fund of Turkey)coreOthersThe mall is owned and managed by TMSF, Turkey's savings deposit insurance fund that manages assets. TMSF oversight provides governance and stability for the shopping center's operations.
• CinemaximumcoreChannel Partner/ Reseller/ DistributorCinemaximum operates the cinema within Akyaka Park, showing current movies including titles like Abigail, The Lion King, Fast & Furious: Hobbs & Shaw, and various Turkish and international films. Ticketing available through Cinemaximum website.
• Super FMmajorGTM or Marketing PartnerSuper FM radio station partnership for 'Duygu ile Radyodayız' live broadcast program held at the mall featuring celebrity guests including Gökhan Keser and Beşiktaş Women's Football Team. Radio broadcasts drive significant foot traffic and media coverage.
• Radyo TurkuvazmajorGTM or Marketing PartnerWeekly 'Hop Dedik Ayhan' live show broadcasts from Akyaka Park featuring rotating celebrity guests. Past guests include Altay, Özgün, Ahmet Selçuk İlkan, Hakan Peker, Işıl Yücesoy, and many others. Partnership drives significant event-based traffic.
• TRT (Türkiye Radyo ve Televizyon Kurumu)minorStrategic or Co-development PartnerPartnership with Turkish Radio and Television Corporation for children's programming at the mall. TRT-produced children's programs are featured at Akyaka Park as part of entertainment offerings.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Akasya AVM: Premium shopping mall in Ümraniye on Istanbul's Asian side, directly comparable to Akyaka Park on geography, scale tier, tenant positioning, and catchment. The two malls effectively compete for the same Ümraniye office-worker and family shopper demand.
• Meydan AVM Ümraniye: Mid-tier shopping mall in the same Ümraniye district with overlapping F&B, entertainment, and retail tenant categories. Directly competes for tenants, foot traffic, and event attendance in the immediate catchment.
• Buyaka AVM: Office-tower-integrated shopping destination in Ümraniye serving the same financial-district office-worker lunch and after-work demand. Comparable scale, multi-revenue-stream model (retail, dining, entertainment), and tenant mix orientation.

Broad incumbents

• Mall of Istanbul: One of the largest mall assets in Turkey with extensive retail, dining, and entertainment (including a cinema and family entertainment centre). Competes for anchor tenants and tourist/regional visitor traffic.
• İstinye Park: Premium Istanbul mall with a different tier but overlapping tenant ecosystem and event-driven positioning. Represents the upper bound of the mall competitive set Akyaka must recruit against.
• Emaar Square Mall: Large, well-capitalized Istanbul mall positioned above Akyaka's tier. Demonstrates the structural scale and capex advantage Akyaka lacks and competes for premium tenant attention across the Asian side.
• Cevahir Shopping Mall: Iconic large-scale Istanbul mall combining retail, dining, cinema, and family entertainment. Comparable function and tenant categories, with materially greater scale and brand recognition.

Regional players

• Marmara Forum: Regional shopping centre serving a comparable middle-income family demographic with multi-tenant retail, food court, and entertainment components. Useful mid-tier benchmark for tenant mix and rent economics.
• Capitol AVM: Mid-tier Istanbul shopping centre with integrated retail, F&B, cinema, and entertainment. Comparable scale tier and operational philosophy to Akyaka Park, useful as a same-tier benchmark.
• Viaport Outlet: Outlet-format shopping destination serving value- and family-oriented demand with entertainment anchors. Competes for similar mid-tier tenant categories and Turkish middle-class leisure spend.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/akyakaparkavm_
• YouTubeyoutube.com/channel/UCTZeFHx-6SFFBVyAykLnlgQ
• Facebookfacebook.com/akyakapark
• Instagraminstagram.com/akyakapark
• LinkedInlinkedin.com/company/akyakapark

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akyaka Park AVM