ECONOMY

Dolphin realty investments in Turk property

LONDON (Reuters) – Southeastern European property investor Dolphin Capital Investors said yesterday it would invest at least -50 million ($72.13 million) in two residential resorts in its first investments in Turkey. Dolphin, the largest real estate investment company listed on London’s AIM exchange, said it had created a strategic partnership with Turkish developer Kemer Group in a bid to establish a «market-leading position within the fast-expanding Turkish holiday home market.» Almost -30 million will be invested in Kemer’s Port Kundu and LaVanta projects in the Antalya region. These first two projects will comprise approximately 650 units. The company has invested a total -411 million to date and committed -614 million to projects in Greece, Cyprus, Croatia and Turkey.