Corio acquires factory outlet development in France
Corio acquired 75% of the shares of the factory outlet development Moulin de
Nailloux in the Toulouse region for ? 44 m, at a net yield of 8.4%, for the
first phase. The remainder of the shares is owned by the development company
COGEP (local developer). Corio has the possibility to acquire the remaining 25%
of the shares at market value after 6 years. Phase one of the project is
expected to open in 2011. The project will be part of Corio's fixed committed
pipeline.
[HUG#1389327]
Press release: http://hugin.info/134201/R/1389327/347541.pdf
