Corio to buy Turkey shopping centre for 65 mln usd UPDATE |
|
|
|
Published
:
Fri, 02 Mar 2007 07:42
|
(updated to add opening date for shopping centre)AMSTERDAM (AFX) - Corio NV said it will acquire the Adacenter shopping centre currently under development in Adapazeri, Turkey for about 65 mln usd.The shopping centre should open not later than the first quarter of 2008, Corio said.In addition, the property developer said it will also take a 7 pct stake in 'potentially large scale' project Acibadem, to be developed in Istanbul.Both transactions are expected to generate a net yield of at least 8 pct in the first full year of operation.cornelia.messing@afxnews.comcmm/hjp/cmm/hjpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2630.24 |
+33.88 (
1.30 %)
|
| SYMBOL (
2007-09-28 ) |
| LAST |
CHANGE
|
|
LONMIN
(
11:35am )
|
|
3649.00 |
+251.00 (
7.28 %)
|
|
CARNIVAL
(
11:35am )
|
|
2374.00 |
+157.00 (
7.07 %)
|
|
RIO TINTO
(
11:35am )
|
|
3528.00 |
+65.00 (
1.89 %)
|
| SYMBOL (
2007-09-04 )
|
| LAST |
CHANGE
|
| SYMBOL (
2007-09-04 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Corio buys 40 pct stake in Turkish shopping centre for 55 mln eur 