Corio NV (AMS:COR) Corio And White Estate Investments Execute The Sale Of The Dutch office And Industrial Portfolio

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.



LINK: http://hugin.info/134201/R/1255704/273757.pdf

Corio NV

http://www.corio-eu.com

ISIN: NL0000288967

Stock Identifier: XAMS.COR