A consortium led by private investor White Estate Investments has finalised the acquisition from Corio of a EUR 650 mln portfolio of office and industrial assets in the Netherlands. In a statement, Corio said it received payment of EUR 622 mln at the end of September and added that it will use the proceeds to repay short-term debt and finance its development pipeline. The company currently has 92% of its portfolio invested in retail property. Four assets part of the portfolio will be transferred at the end of the year, Corio added.
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