Corio readies for $5B acquisition spree

05/11/2010 | Wall Street Journal, The

Dutch property group Corio NV is ready to absorb more acquisitions now that its balance sheet is stable. It has already acquired a significant amount of real estate, including a portfolio of European shopping centers from developer Multi Corp., the La Vele shopping and entertainment center in Italy and 50% of the Porta di Roma shopping center, also in Italy. It plans to spend as much as $5 billion on acquisitions over the next few years.

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