CORIO FURTHER STRENGTHENS ITS POSITION IN TURKEY

Acquisition of Bursa Shopping Centre Corio has reached an understanding regarding the acquisition of a 100%-interest in Bursa shopping centre in the city of Bursa. The transaction will take place against a predefined net initial yield in line with Corio's other acquisitions in Turkey. The development of Bursa shopping centre with a gross lettable area of approximately 75,000 m2 has recently started. The expected opening date of the first phase of 24,000 m2 will be at the end of 2008 while the remainder is expected to be opened in the first quarter of 2010.