Corio NV : Corio sold two French assets for € 26.5 m

Corio sold two French assets for a total amount of € 26.5 m to two buyers. The disposals concern the office 'Kupka C' located in Paris La Défense (sold to ERAFP) and an industrial building situated in Brétigny, a Southern Paris region (sold to a private buyer).

The properties have a total GLA of respectively 13,000 m2 and 19,400 m2. Corio owned 40% of the 'Kupka C' office building Joint Venture. On average, the properties have been sold 11.8% above the book value of year-end 2013. The premium to book value of the disposal price relates to 40% of the property value of 'Kupka C' and 100% of the property value of Brétigny.

Including this transaction, Corio has sold 31 projects for in total € 638 m to a variety of buyers since the start of the disposal programme in the beginning of 2013.
Press release


This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corio NV via Globenewswire
HUG#1777404