Definitions pipeline

Fixed committed:
A project is fixed committed if:

the project is approved by the management board and, if required, the supervisory board;
all parties in the project are committed;
the management board has a high degree of certainty that the project will be acquired and/or become operational within an agreed period; and
Corio can no longer withdraw from the project without a penalty and the project cannot be deferred.

Fixed deferrable:
A project is fixed deferrable if:

the project is approved by the management board and, if required, the supervisory board;
all parties in the project are committed;
the management board has a high degree of certainty that the project will be acquired and/or become operational within an agreed period; and
Corio can no longer withdraw from the project without a penalty, but the project can be deferred until more favourable times in terms of funding or letting.

Variable deferrable:
A project is variable deferrable if:

the project is approved by the management board and, if required, the supervisory board, or the management board has given a mandate to Negotiate to the relevant acquiring business unit;
the parties involved have signed an exclusive declaration of intent (in case of newly acquired projects); or
a redevelopment, refurbishment, extension or revitalisation of existing properties in the portfolio is considered a profitable investment because Corio believes it will generate additional income for that property; and
Corio can no longer withdraw from the project without a penalty, but the project can be deferred until more favourable times in terms of funding or letting.

Variable waivable:
A project is variable waivable if:

the project is approved by the management board and, if required, the supervisory board, or the management board has given a mandate to negotiate to the relevant acquiring business unit;
the parties involved have signed an exclusive declaration of intent (in case of newly acquired projects); or
a redevelopment, refurbishment, extension or revitalisation of existing properties in the portfolio is considered a profitable investment because Corio believes it will generate additional income for that property; and
the project can be removed from the pipeline at any time without a penalty or other consequences for Corio.

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