Spain
Corio España’s € 574.4 million operational retail portfolio was affected by the weaker economic climate During 2009, which resulted in a slight drop in occupancy to 93.0% and negative like-for-like net rental income of 7.9%. The recession also brought opportunities, however, such as the acquisition of the Príncipe Pío shopping centre in Madrid.
January: Corio España was admitted as member of the Green Building Council.
May: More than 14,000 people joined together in Maremagnum to watch the Champions’ League football match final between Barcelona and Manchester United.
June: Acquisition of 95% of the shares of Príncipe Pío for € 126.5 million, a 28,700 m² GLA shopping centre in the city centre of Madrid.
October: Signing of the agreement for the closure of the last two discotheques in the Maremagnum shopping centre, enabling the redevelopment of the top floor of this centre.
Source: Annual Report 2009, Chapter Review of Operations, page 62 (PDF, 6.362 kB)
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