Corio (company) explained

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]

Notes and References

  1. Web site: Annual Report 2010 . 27 February 2011 . Corio . https://web.archive.org/web/20110313103050/http://www.corio-eu.com/tl_files/content_resources/pdf/Annual%20results%202010/Corio-annual-report-2010.pdf . 13 March 2011 . dead .
  2. News: Michelson. Marcel. APG selling 4 mln Corio shares. 27 February 2011. 9 November 2010. Reuters.
  3. http://www.klepierre.com/content/uploads/2015/03/PR_KLEPIERRE_CORIO_MERGER_ANNOUNCEMENT_19MARCH2015_UK_FINAL.pdf Klépierre and Corio will merge on March 31, 2015