Corio expands further in Italian retail market

Corio, the Amsterdam and Paris listed retail property company, has reached agreement on the acquisition of a 49% interest in the Citta Fiera shopping centre in the north-eastern Italian city of Udine for approximately EUR 87 mln. The shopping centre is the largest in the region and comprises 70,800 m[sup]2[/sup] of gross leasable area, with 160 shops, several medium-sized stores, a 11-screen multiplex, two food courts and restaurants. Some 1,400 m[sup]2[/sup] is not part of the transaction. The catchment area has 380,000 inhabitants within 30 minutes driving distance.

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