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