Head of Capital Markets Appointed in Turkey
21 May, 2008, Istanbul
Global real estate consultant Cushman & Wakefield (C&W) has appointed Sinan Renda as Head of Capital Markets in Turkey. Sinan will also have a role in developing the Retail Services team of Cushman & Wakefield in Turkey.
Sinan joins C&W with more than 20 years’ experience in the real estate and investment banking sectors, including as Head of Leasing in Turkey of METRO Group Asset Management, part of the METRO Group, with headquarters in Germany.
In his role at METRO Group Asset Management, Sinan was in charge of leasing six shopping centres across Turkey (with a total of 247 retail units) anchored by METRO’s Real hypermarket chain, and developed jointly by METRO Group, Tepe Group and Turkmall.
Rahsan Cebe, Managing Director of Cushman & Wakefield in Turkey, says: “Sinan’s experience in real estate, in particular in retail, and in investment banking will prove invaluable to our clients at a time when Turkey is one of the hottest investment markets in Europe. Last year, retail accounted for 70% of the total €2.7bn invested in commercial property in Turkey.”
Sinan Renda, Head of Capital Markets in Turkey of Cushman & Wakefield, says: “I am delighted to be joining what is the world’s largest privately held commercial real estate services firm, and one of the best-recognised brands in real estate. My experience internationally as well as in the Turkish market will stand me in an excellent position to service Cushman & Wakefield’s clients in partnership with the firm’s 18-strong London-based Cross-Border Capital Markets team.”
In addition during his career, Sinan was the General Manager of Akarnet, a mixed-use scheme which was owned by Garanti Bank A.S in central Istanbul, and now home to the W Hotel and up-market retail and residential. Also, he worked in the Treasury and International Banking departments of Banque du Bosphore in Paris and Turk Merchant Bank, which later became Deutsche Bank, in Istanbul, and in the Capital Markets department of Interbank.
Sinan has a BSc in International Business from The American University in Washington DC in the US.
The Cross-Border Capital Markets team of Cushman & Wakefield works closely with the firm’s 265-strong European Capital Markets team, which operates on a country basis and has in-depth market knowledge and contacts. Last year the team advised on €27.5bn of real estate transactions.