Istanbul is set to become home to Turkey’s first luxury designer outlet, with Florentia Village scheduled to open in 2026 near Istanbul Airport. Developed by Kalyon Campus in partnership with Italy’s RDM-Fingen Group, this €160 million project will bring over 200 global luxury brands to Türkiye’s growing retail market.
The outlet will feature high-end fashion, designer labels, and concept stores offering luxury brands at exclusive discounted prices. The project aims to attract over 10 million visitors annually, further solidifying Istanbul’s reputation as a premier shopping destination.
Luxury Shopping Meets Strategic Investment
Florentia Village is being developed with €100 million in financing from JP Morgan London and €60 million in direct foreign investment, backed by Italy’s Export Credit Agency, SACE. This marks one of the largest real estate financing packages in Türkiye, highlighting growing international confidence in Istanbul’s luxury retail and tourism sectors.
The first phase of the project will cover 65,000 square meters of retail space, with plans to expand to 110,000 square meters in the second phase. Alongside premium shopping, the project will also include a five-star hotel and a family entertainment center, making it a fully integrated lifestyle destination.
A Game-Changer for Tourism and Retail
The strategic location near Istanbul Airport, one of the world’s busiest international hubs, is expected to make Florentia Village a key attraction for luxury shoppers, business travelers, and tourists.
With the airport projected to handle 100 million passengers annually by 2026, this luxury designer outlet near Istanbul Airport will serve local and international visitors looking for premium brands at discounted prices.
Murathan Kalyoncu, Chairman of Kalyon Campus, emphasized the economic impact of the project, stating that over 2,000 jobs will be created. He described the development as “a new breath of fresh air for Istanbul’s luxury retail world, combining shopping, gastronomy, accommodation, and entertainment in one location.”
A Major Step for Foreign Investment
Florentia Village marks the first luxury outlet investment by Kalyon, with plans to expand into Eastern Europe and the Middle East in collaboration with RDM-Fingen Group.
Jacopo Mazzei, CEO of RDM-Fingen, highlighted that the project has been a decade in the making, stating:
“For 10 years, we have been searching for the perfect location to bring our concept to Türkiye. Istanbul’s fast-growing economy, strong tourism industry, and fashion-conscious population make it the ideal choice.”
The project is expected to boost Türkiye’s appeal to global brands, creating an exclusive shopping experience for both locals and visitors.
The Future of Luxury Shopping in Istanbul
With a booming tourism sector and increasing demand for high-end retail, Istanbul is poised to become a major hub for luxury outlet shopping.
Florentia Village is not just a shopping center—it’s a statement of Türkiye’s growing influence in global retail.
As 2026 approaches, the world will be watching to see how this landmark project transforms Istanbul’s shopping landscape.
