Two more acquisitions in core market Turkey

Corio has signed an agreement for the acquisition of a 100%-interest in "Adacenter" shopping centre currently under development in Adapazari for approximately USD 65 million. In addition, Corio has been invited to take a 7%-interest in the potentially large scale project Acibadem which will be developed in Istanbul. The transactions are forecast to generate a net yield of at least 8% in the first full year of operation.