Strategy
Creating sustainable places where people like to meet. Corio believes shopping centres can and should perform an important social role, first and foremost. Our vision of a shopping centre is of a meeting place where individuals can relax, socialise, feel at home and get inspired. We are convinced the creation of ideal meeting places will lead to economic activity and success, when managed properly. In striving towards the creation of such centres, we recognise the importance of being alert to changing requirements dictated by the people in the catchment area and adapting to their demands. We truly believe that to be successful, our centres must be sustainable in every respect: situational (location), conceptual, aesthetic, social, environmental and financial. We create to adapt.
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In realising its vision, Corio aspires to be a leading European retail property company.
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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.
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We own and manage shopping centres that are perceived as leading within their respective markets in-house.
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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.
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Corio actively manages its shopping centres on the basis of its knowledge of the centres’ catchment areas.
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