Spain
Active centre management and letting management enabled Corio España to maintain a relatively high occupancy rate of 95.6% and generate 13.3% higher rents on contracts that were extended or renewed in 2008 (11.8% of the total gross rental income). This was achieved in spite of the weakening economic climate and depressed consumer spending in Spain.
February
Appointment of Iñigo Yllera Ceballos as director of Corio España. He succeeds John van Haaren in May, who is to become CEO of Corio Nederland Retail.
September
Sexta Avenida shopping centre wins the prize for ‘Best shopping centre redevelopment’ from the Asociación Española de Centros Commerciales, the Spanish division of the ICSC.
Source: Annual Report 2008, Chapter Review of operations, page 99 (PDF, 2,1 MB)
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