Netherlands
Corio Nederland was able to keep the average occupancy rate of its € 1,817 million operational retail portfolio at a high level of 98.4% (2008: 98.8%) as a result of active centre management and letting management. Like-for-like net rental growth of the retail portfolio (excluding parking) was 1.2%.
The occupancy rate of the operational office portfolio of € 50.4 million rose to 95.3% (2008: 89.2%)
April: Opening of ‘t Circus in Almere, a city centre shopping centre of 26,900 m² GLA which was acquired in October 2009. Value at year end 2009 was € 42.3 million.
July: Opening of refurbished Cassandraplein in Eindhoven (4,400 m² GLA).
September: Opening of refurbished De Mare in Alkmaar (10,500 m² GLA).
October: Extension of Cityplaza in Nieuwegein, started by Multi/ING; property to be acquired by Corio upon completion. Total extension is expected to cost € 117 million.
November: Opening of new shopping centre Nesselande in Rotterdam; project to be acquired by Corio early 2010 for € 30 million.
December: Start of construction at De Vredenburg in Utrecht; start of redevelopment of Hoog Catharijne.
Source: Annual Report 2009, Chapter Review of Operations, page 52 (PDF, 6.362 kB)
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