Note to the strategy
In the beginning of 2008, Corio decided to adjust its strategy and improve its risk-return profile by (i) in-sourcing development and redevelopment activities, (ii) pursuing a more active investment policy and (iii) investing up to 20% of its portfolio in emerging markets with a maximum of 10% per market, as explained above. However, in light of the events in the financial markets and the wider economy in 2008, Corio decided – at least for the short term – not to enter any emerging markets and to instead focus on managing its cash flow and to evaluate carefully its pipeline. Currently Corio believes we are witnessing the first signs of positive changes in the real estate investment market, which should allow the company to gradually resume carefully the strategy it had defined in the beginning of 2008.
Source: Annual Report 2009, Chapter Overview & Strategy, page 28 (PDF, 13.679 kB)
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