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Corio (company)

Corio N.V.
Company typeNaamloze vennootschap
IndustryProperty
Founded2000
Headquarters
Utrecht
,
Netherlands
Key people
Gerard Groener (CEO), Bas Vos (Chairman of the supervisory board)
ProductsShopping centres, office buildings
€375.7 million (2010)[1]
Total assets€8.049 billion (end 2010)[1]
Total equity€4.242 billion (end 2010)[1]
Number of employees
450 (FTE, average 2010)[1]
ParentKlépierre
Websitewww.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.[1] 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.[1] 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]

References

  1. ^ a b c d e f "Annual Report 2010" (PDF). Corio. Archived from the original (PDF) on 13 March 2011. Retrieved 27 February 2011.
  2. ^ Michelson, Marcel (9 November 2010). "APG selling 4 mln Corio shares". Reuters. Archived from the original on March 5, 2016. Retrieved 27 February 2011.
  3. ^ Klépierre and Corio will merge on March 31, 2015 Archived March 5, 2016, at the Wayback Machine Klépierre, 19 March 2015
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