Corio poised for large investments in home markets

Amsterdam-listed Corio expects to be able to carry out a number of large investment deals this year, according to CEO Gerard Groener.

In an interview at the Provada real estate fair in Amsterdam this week, Groener said new investment was possible after a successful EUR 258 mln capital increase earlier in June.

Groener said Corio was particularly interested in investments in its home markets. 'In times of crisis, new opportunities also emerge. We are active in the Netherlands, Spain, Italy and Turkey. 'The crisis is hitting hard in Spain, but this is also the area where we will first see new possibilities materialising. France is another country where we would like to expand our portfolio,' Groener said.

Corio, Groener said, remains focused on long-term investments in large dominant shopping centres in A-locations. 'We see good opportunities for new development in city centres. And, we are focusing on major road junctions, stations and airports.'