Corio acquires European retail portfolio for $883M

03/25/2010 | Bloomberg

Corio has acquired four retail centers in Germany, Spain and Portugal for $883 million. It bought the properties from Multi Corp., with whom Corio also plans to develop five projects in Germany. "This transaction gives Corio the opportunity to add continental Europe's largest consumer market to its portfolio and in addition team up with Multi," says CEO Gerard Groener.

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