Rental income, increased valuations drive Corio's profits

08/26/2010 | Wall Street Journal, The

Corio NV posted a profit in the first half of 2010, citing improved rental income and positive revaluations. It is also expecting a further boost this year from additions it has made to its portfolio. "Despite new stress factors such as the sovereign debt crisis and still weak consumer spend, the value of Corio's portfolio increased and like-for-like performance remained positive as before," says CEO Gerard Groener.

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