Corio N.V. | |
Foundation: | 2000 |
Location City: | Utrecht |
Location Country: | Netherlands |
Key People: | Gerard Groener (CEO), Bas Vos (Chairman of the supervisory board) |
Industry: | Property |
Products: | Shopping centres, office buildings |
Net Income: | €375.7 million (2010)[1] |
Assets: | €8.049 billion (end 2010) |
Equity: | €4.242 billion (end 2010) |
Num Employees: | 450 (FTE, average 2010) |
Parent: | Klépierre |
Homepage: | www.corio-eu.com |
Corio N.V. is a former Dutch-based real estate investment company which owned and managed shopping centres. Headquartered in Utrecht, the firm primarily consists of a portfolio of retail properties worth €7.2 billion in the Netherlands, France, Italy, Spain, Germany, and Turkey. The company was formed in 2000 by the merger of the property funds VIB and WBN,[2] initially also investing significantly in office buildings and other commercial property. These activities have since been scaled back in favour of retail real estate. At the end of 2010 around 4% of Corio's holdings were in properties other than shopping centres, down from 47% in 2000. The company is listed on the Amsterdam Stock Exchange and Euronext Paris and is a constituent of the benchmark AEX index since March 2008. In 2015 Corio merged with the French real estate investment company Klépierre.[3]