Corio NV

Corio NV (AMS:COR) * * Net rental income from continuing operations increased by 18.1% to € 220.1 m (€ 186.4 m). 'Like-for-like' net rental growth was 4.9% for the total continuing portfolio and for the retail portfolio 4.5% (6.4%). * Corio received € 622 m in cash from the sold Dutch offices and industrial portfolio on 30 September 2008. * EBIT increased by € 32.8 m to € 253.4 m (€ 220.6 m) which outweighs the increase in net financing expenses of € 26.3 m to € 96.4 m (€ 70.1 m). * Direct result increased by 4.5% to € 155.9 m (€ 149.2 m) or € 2.36 per share (€ 2.25). * The average occupancy rate for the first nine months of the total property portfolio increased by 0.2% point to 96.6% (96.4%), average occupancy rate of retail remained the same at 97.7%. * Value of the property portfolio (including discontinued portfolio[1] and share of associates) decreased to € 6,415 m (year-end 2007: € 6,460 m ...

Corio NV (AMS:COR) Corio and IKEA have reached an agreement on the acquisition of IKEA's store which is located in front of Corio's shopping centre Le Gru in Turin. IKEA will lease back the retail unit until their new store in Collegno will be completed and delivered, which is expected to be in May 2009. Thereafter Corio will redevelop the retail unit for new tenants with an expected opening in the first half of 2010. Shopping centre Le Gru is the dominant centre at a strategically strong location in the city of Turin. The acquisition of the IKEA store will enable Corio Italia to further strengthen Le Gru as retail destination.

Corio NV (AMS:COR) Corio and the consortium led by White Estate Investments (WEI) have successfully executed the deal concerning Corio's Dutch office and industrial portfolio. Corio received payment of € 622 m on 30 September 2008. The proceeds will be used to repay short-term debt and finance Corio's pipeline. The related assets were transferred to WEI on the same date. As from this transfer, Corio has over 92% of its portfolio invested in retail property. The transfer and payment of four assets have been postponed to fixed dates later in 2008.

Corio NV (AMS:COR) * Net rental income from continuing operations increased by 16.8% to € 143.7 m (€ 123.0 m). 'Like-for-like' net rental growth was 5.9% for the total continuing portfolio and for the retail portfolio 5.8% (7.0%). * EBIT increased by € 20.4 m to € 165.8 m (€ 145.4 m) which outweighs the growth in net financing expenses of € 15.0 m to € 61.3 m (€ 46.3 m). * Direct result increased by 6.2% to € 104.4 m (€ 98.3 m) or € 1.58 per share (€ 1.48). * The average occupancy rate for the first half of the total property portfolio increased by 0.3%-point to 96.6% (96.3%), average occupancy rate of retail increased slightly with 0.1%-point to 97.8% (97.7%). * Value of the property portfolio (including discontinued portfolio[1]) increased to € 7,055 m (year-end 2007: € 6,460 m); 84% of the portfolio is invested in retail. After the sale of the Dutch offices and industrial portfolio over 92% will be alloca ...

Corio NV (AMS:COR) Corio has acquired Tarsus shopping centre, a project of 25,000 m² GLA in the city of Tarsus, province Mersin, in the Eastern Mediterranean part of Turkey. In cooperation with ACTEEUM Group (hereafter: 'ACTEEUM') a shopping centre with approximately 25,000 m² GLA, for which the commercial zoning has been obtained, will be developed. The total investment in the Tarsus shopping centre will be approximately € 50 million and the net initial yield upon delivery is at least 8%, which is in line with Corio's other investments in Turkey. The shopping centre is expected to open in 2011. This transaction is in line with Corio's strategy to further strengthen its position in Turkey; the Tarsus shopping centre will be Corio's eleventh shopping centre in Turkey.

Corio NV Corio has acquired the Iskenderun shopping centre, a project of 55,000 m² GLA in the city of Iskenderun-Hatay. Iskenderun is located in the South of Turkey in the province of Hatay. The Yayla Group and Kalyoncu are the developers of the shopping centre. The total investment in the Iskenderun shopping centre is expected to be around € 116 million at a predefined net initial yield of at least 8%, in line with Corio's other investments in Turkey. The shopping centre is expected to open in the first half of 2010. This transaction is in line with Corio's strategy to further strengthen its position in Turkey; the Iskenderun shopping centre will be Corio's tenth shopping centre in Turkey.