(AYD) Alışveriş Merkezleri ve Yatırımcıları Derneği

What (AYD) Alışveriş Merkezleri ve Yatırımcıları Derneği does

AYD (Alışveriş Merkezleri ve Yatırımcıları Derneği) is the trade association representing Turkey's shopping center (AVM) investors and operators. Founded in 2009 and headquartered in Istanbul (Şişli), it represents 124+ member shopping centers accounting for an estimated 60%+ of Turkey's organized retail real estate sector, with member assets valued at approximately $53.5B. The association's core deliverables are industry representation, advocacy, and the AVM Ciro Endeksi — a monthly sector performance index co-produced with Akademetre Research — alongside the annual AYD Shopping Economy Summit and the "1 Numaralı Markalar" awards. AYD also chairs TAMPF, the umbrella federation bringing together AVM, retailer, and supplier bodies.

AYD does not sell a software or technology product. Its business model is membership-dues funded, supplemented by event sponsorships tied to its annual summit and award programs. Revenue mechanics are not publicly disclosed; the entity operates as a non-profit dernek (association) under Turkish law. Its customer base is institutional real estate operators and developers (e.g., ECE Türkiye, Multi, Emaar, Krea), with leadership rotating among senior executives of these firms — currently Nuri Şapkacı of ECE Türkiye (2025–2028 term).

AYD's strategic posture is institutional rather than entrepreneurial: it has expanded scope into sustainability reporting (in partnership with EY), maintained an international profile via ICSC-affiliated awards, and convened decisive industry action during COVID-19 by closing shopping centers ahead of the government mandate. There are no disclosed expansion plans into new geographies, new verticals beyond ESG advisory, or new commercial offerings; growth tracks the modest expansion of Turkey's AVM sector (431 → 447 centers, ~$55B annual revenue, ~2.9B visits).

Name

(AYD) Alışveriş Merkezleri ve Yatırımcıları Derneği

Legal name

Alışveriş Merkezleri ve Yatırımcıları Derneği

Website

https://ayd.org.tr

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Trade association representing 124+ member shopping centers in Turkey, accounting for 60%+ of the country's AVM sector. Publishes the monthly AVM Ciro Endeksi, runs the annual Shopping Economy Summit, and advocates on behalf of institutional retail real estate operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Istanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: AYD generates revenue through annual membership fees from corporate members ( Kurumsal Üyeler ) and individual activity members ( Faaliyet Üyeleri ). Corporate members include AVM investors, operators, and developers. Activity members include AVM managers and service providers to shopping centers.
2. Event Sponsorships: AYD organizes the annual AYD Alışveriş Ekonomisi Zirvesi (Shopping Economy Summit) and the 1 Numaralı Markalar (Number One Brands) awards ceremony. These events are sponsored by corporate partners including Fiba Commercial Properties as headline sponsor and generate sponsorship revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

AYD is a non-profit trade association that represents shopping center (AVM) investors and operators in Turkey. It delivers industry advocacy with regulators and media, publishes the AVM Ciro Endeksi sales/foot-traffic benchmark, organizes the AYD Zirveleri industry summits, and maintains a member directory for the Turkish organized retail real-estate sector.

Product overview

AYD (Alışveriş Merkezleri ve Yatırımcıları Derneği) is a professional association representing Turkey's shopping center investors and organized retail sector. The organization's core offerings consist of the AVM Ciro Endeksi (AVM Revenue Index) and AVM Metrekare Verimlilik Endeksi (Square Meter Efficiency Index), which are monthly performance indices published in cooperation with Akademetre Research. These indices track revenue per square meter, visitor numbers, and category-level performance across Istanbul and Anatolia shopping centers. AYD also organizes the annual AYD Alışveriş Ekonomisi Zirvesi (Shopping Economy Summit) and the accompanying 1 Numaralı Markalar Ödülleri (Number One Brands Awards). The association maintains an AVM'ler (Shopping Centers) directory and publishes regular news and announcements for the industry. The organization does not offer a software product or SaaS platform.

Differentiator

Problem solved

Functional benefit

Products and services

• AVM Ciro Endeksi Periodic authoritative benchmark index for shopping center sales and foot traffic in Turkey, published by AYD for members and the broader industry.
• AYD Zirveleri (AYD Summits) Annual industry conference for shopping center investors, operators, and retailers, providing networking and thought-leadership programming for the Turkish AVM sector.
• Member directory Public listing of AYD's AVM members, providing visibility and credentialing for member shopping centers in Turkey.
• Industry advocacy Representation of the Turkish shopping center industry to regulators, policymakers, and media on legislative, tax, and operational matters affecting AVMs.

Quantifiable outcome

• AYD represents 60%+ of Turkey's AVM sector with 124+ member shopping centers
• +1 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• Akademetre ResearchcoreStrategic or Co-development PartnerAYD partners with Akademetre Research to produce the monthly AVM Ciro Endeksi (AVM Index), Turkey's primary benchmark for shopping center performance. The index tracks sales revenue per square meter, visitor numbers, and category-specific metrics across AYD member properties.
• Fiba Commercial PropertiesflagshipGTM or Marketing PartnerFiba Commercial Properties serves as the headline sponsor of AYD Alışveriş Ekonomisi Zirvesi (AYD Shopping Economy Summit). The partnership enables large-scale industry events bringing together AVM investors, operators, retailers, and policymakers.
• ALKAŞcoreStrategic or Co-development PartnerALKAŞ (Alkaş & HAN Spaces) co-organizes the annual AYD Alışveriş Ekonomisi Zirvesi. Avi Alkaş, ALKAŞ founder, serves as AYD Board Vice Chairman.
• SOYSALcoreStrategic or Co-development PartnerSOYSAL organized the 13th AYD Alışveriş Ekonomisi Zirvesi. The event partnership brings together industry professionals for knowledge sharing and networking.
• Ernst & Young (EY) TürkiyecoreStrategic or Co-development PartnerEY Türkiye partnered with AYD to produce a sustainability report for the AVM sector. AYD and EY collaboration also includes research on sector economic impact.
• TAMPF (Tüm Alışveriş Merkezleri ve Perakendeciler Federasyonu)coreOthersTAMPF (Federation of All Shopping Centers and Retailers) was established with AYD's support. The federation coordinates between shopping centers and retail chains at the national level.
• International Council of Shopping Centers (ICSC)minorOthersAYD maintains association with ICSC, the global trade organization for shopping centers. Turkish AVMs participate in ICSC awards programs including the Solal Marketing Awards.

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• EuroCommerce: European-level retail and wholesale trade association representing national federations. Peer to AYD in aggregating and advocating for the organized retail value chain, though operating at EU rather than national level.
• Shopping Centre Council of Australia (SCCA): Australian industry body for shopping centre owners, managers, and retailers. Same scope of advocacy, benchmarking, and member services as AYD, in a different national market.
• British Retail Consortium (BRC): UK retail and shopping trade body representing retailers and the wider retail ecosystem. Comparable in role as industry advocacy and benchmarking body for organized retail in a single national market.
• International Council of Shopping Centers (ICSC): Global trade association for the shopping center industry, providing advocacy, research, education, and awards. Direct functional peer to AYD, just at global rather than national scope; AYD is already an ICSC affiliate.
• Conseil National des Centres Commerciaux (CNCC): French national federation of shopping centers. Closest functional analogue to AYD: represents mall owners/operators in a single country, publishes sector data, and runs advocacy on retail real estate policy.
• National Retail Federation (NRF): Leading US retail trade association with advocacy, research (including retail performance indices), and the annual NRF Big Show. Directly analogous to AYD's combined policy + index + summit offering, at much larger US scale.
• Japan Council of Shopping Centers (JCSC): National shopping center industry association in Japan, performing research, awards, and event functions. Direct cross-border peer to AYD in mission and operating model.

Broad incumbents

• Urban Land Institute (ULI): Global research and education organization covering land use and real estate development, including retail real estate. Broader remit than AYD but overlapping in policy research, events, and member networking for retail property stakeholders.
• Royal Institution of Chartered Surveyors (RICS): Global professional body for real estate, land, and construction, covering commercial real estate more broadly than AYD. Comparable as an industry advocacy and standards-setting organization that intersects with retail real estate.

Emerging players

• TAMPF (Tüm Alışveriş Merkezleri ve Perakendeciler Federasyonu): Turkish federation of shopping centers and retailers that AYD itself supported in establishing. Overlapping constituency with AYD but tenant-facing rather than investor/operator-facing; functionally a complementary national trade body.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/-ayd-alisveris-merkezi-yatirimcilari-dernegi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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