Corio's direct result up 6.9%, Net Rental Income continuing operations up 6.1%
(Thomson Reuters ONE) -
Quote Gerard Groener (CEO): 'After a disastrous year in the financial markets in
2008, 2009 was the year of the aftermath. Amid widespread corporate
restructuring, Corio maintained a firm course and showed great resilience
throughout the year. A major focus for us, as with all companies, was our
balance sheet and the need to secure our own longer term funding at sustainable
rates. Even for highly respected companies like Corio this was a challenge as
the availability of funding in the market shrank to near zero and any financing
that could be obtained came at a high price. Funding growth and securing
redemption schemes took up a good deal of management time. We were nevertheless
able to keep an eye open for promising acquisitions and struck twice in 2009, in
midyear buying a prime property in central Madrid and later in the year making
the decision to aim to enter the German market'.
[HUG#1386224]
Press release: http://hugin.info/134201/R/1386224/344872.pdf
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Datum: 18.02.2010 - 12:07 Uhr
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News-ID 1010594
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