Retail: portfolio and valuation

The value of the retail portfolio in the Netherlands reduced from € 1,971.0 million at year-end 2007 to € 1,914.4 million at year-end 2008.

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Rents and occupancy rates

The theoretical rent of the Dutch retail portfolio rose by 3.7% from € 133.8 million to € 138.7 million.

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Visitor numbers and sales

Corio Nederland has installed pedestrian counting systems in 14 of its shopping centres which represent approximately 60% of the total value of the Dutch retail portfolio.

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Pipeline

Corio Vastgoed Ontwikkeling (CVO) was set up as a wholly-owned subsidiary of Corio Nederland B.V. and began operating in the first quarter of 2008, concentrating on managing Corio’s pipeline in the Netherlands.

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