Visitor numbers and sales
In 2009, almost 60 million people visited Corio�s 10 shopping centres, down 4% from the previous year. The main reason for the fall in visitors was the economic recession. The inner city centres Pr�ncipe P�o in Madrid, with more than 12 million visitors and Maremagnum in Barcelona, with almost 11 million visitors, were the most visited shopping centres in the Spanish portfolio. Maremagnum witnessed an increase of visitors, up 1.3% from 2008. The other centres which were also in the portfolio in 2008 witnessed the effects of the recession and footfall fell, Las Huertas being the weakest performer. In line with the lower visitor numbers, tenant turnover decreased as well. From September 2008 to September 2009, turnover (except Pr�ncipe P�o) fell 8.5%. The occupancy costs ratio averaged 12% for the whole Spanish portfolio, which is an adequate level.
Source: Annual Report 2009, Chapter Review of Operations, page 64 (PDF, 6.362 kB)
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