After a disastrous year in the financial markets in 2008, 2009 was the year of the aftermath. Amid widespread corporate restructuring, Corio maintained a firm course and showed great resilience throughout the year. A major focus for us, as with all companies, was our balance sheet and the need to secure our longer term funding at sustainable rates. Even for highly respected companies like Corio this was a challenge as the availability of funding in the market shrank to near zero and any financing that could be obtained came at a high price.
Add to My report
Corio is a retail property company. It specialises in the selection, development, redevelopment and management of shopping centres. Currently Corio runs operations in five countries: the Netherlands, France, Italy, Spain and Turkey. The company’s shares are traded on Euronext NYSE in Amsterdam and Paris. Under Dutch law Corio is a closed-end fiscal investment institution (FBI). It has a SIIC status in France. As of March 2008, Corio has been included in the Dutch blue-chip index of 25 leading shares, the AEX.
Corio wants to create favourite meeting places: sustainable centres where people like to meet, spend their leisure time and shop; places they want to visit again.
In selecting investments, Corio focuses on shopping centres that are dominant in their catchment area. These are the projects where we can present the consumer a full range of shops, convenience stores, restaurants, leisure & entertainment as well as event space and a wide range of services.
Add to My report
Retailers are close to the consumer, so they know better than anyone why people visit our centres, why they stay around and buy.
Add to My report
Municipalities are always seeking ways to improve the quality of the public realm.
Add to My report
In December 2009 Corio published a press release announcing the exclusive negotiations with Multi Corporation regarding the possible acquisition of a standing portfolio and a development portfolio.
Add to My report
Corio aims for a high level of transparency regarding communication on its financial situation, strategy and plans, and other information of relevance to existing and potential stakeholders. The Management Board, together with the Investor Relations department, is committed to providing shareholders, stakeholders and other interested parties with information on an equal basis, simultaneously, on time and in a clear and consistent manner.
Financial results are published quarterly in the form of press releases. The full-year and half-year figures are presented and explained at meetings organised for analysts and the financial media. The analysts’ meetings are accessible for everybody via a webcast and teleconference. The results for the first quarter and the first nine months of the year are clarified in a teleconference that is accessible to all.
Add to My report
In realising its vision, Corio aspires to be a leading European retail property company.
Add to My report
Creating sustainable shopping centres: favourite places where people like to meet, spend their leisure time and money; places they want to go back to again and again.
Add to My report
We own and manage shopping centres that are perceived as leading within their respective markets in-house.
Add to My report
Corio actively manages its shopping centres on the basis of its knowledge of the centres’ catchment areas.
Add to My report