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The Netherlands

Active centre management and letting management enabled Corio Nederland to improve the occupancy rate of its retail portfolio further to 98.8% and to achieve 14.6% higher rents on contracts that were extended or renewed in 2008 (4.2% of total gross rental income). During the first quarter, Corio Vastgoed Ontwikkeling (CVO) began its property development activities as a wholly owned subsidiary of Corio. This follows a change in the law affecting ‘fiscal investment institutions’ (Fiscale beleggingsinstelling or FBI), which came into force on 1 January 2007 and which permits property development for the institution’s own portfolio.

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Ruta de la Plata: Cáceres, Spain

The Ruta de la Plata shopping centre is the principal shopping district in Cáceres and offers a comprehensive range of shops and services. It is favourably located close to the town’s historical centre and major arterial roads, with good public transport connections. In some Spanish towns and regions, such as Cáceres and Extremadura, shopping centres are still in relatively short supply when considered in terms of retail area per 1,000 residents. One of the main anchors at the Ruta de la Plata shopping centre is an Eroski hypermarket, which has a sales area of some 7,500 m2 and is not owned by Corio. The centre also boasts a wide variety of fashion retailers, including two crowd pullers, Zara and Cortefiel, as well as the largest cinema in Cáceres.

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Catchment area

Cáceres is situated in the region of Extremadura to the south west of Madrid.

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Intensive use

Ruta de la Plata is the main shopping district in Cáceres; competition is limited to a few hypermarkets and the small shopping district in the town’s historic centre.

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Reinforcing the crowd-pulling fashion segment within the overall offer

Fashion stores are the most frequently visited segment of the centre among all groups of users.

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Focus on the consumer: Ruta de la plata, Cáceres

The Ruta de la Plata shopping centre is located in Cáceres, one of the main cities in the Extremadura region near the Portuguese border. Extremadura is a fairly rural region which is characterised by a low population density. Farming has traditionally played a major role in the regional economy, but today the services sector is steadily increasing in importance, with (eco)tourism growing particularly strongly. Given the rural nature of the region, the catchment area covers a large area with a relatively small number of inhabitants - just over 150,000 - of whom around 90,000 live in the city of Cáceres.

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