Centres taken into operation
The new or renovated centres that we opened in 2008 all increased in value on opening and made positive contributions to the direct result from the start. Corio also made a number of strategic acquisitions and disposals, the most notable of which were the acquisition of the Grand Littoral super-regional shopping centre in Marseille, France, and the sale of several smaller retail units in the Netherlands. The growth in rental income from Grand Littoral which had been predicted at the time of the investment decision (December 2007) was achieved in full.
Source: Annual Report 2008, Chapter Overview & Strategy, page 19 (PDF, 476 kB)
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