Although recording the highest turnover per square metre in the Italian portfolio, turnover has been flat for the year at Curno, with no material difference between anchor and unit shops.
Discussions are progressing for a small extension of the centre which would add some 2,500m2 of GLA, essentially an anchor store and three to six unit shops. There were only three lease renewals during the year which recorded an average rental uplift of 18%.
Visit the Curno website at www.centrocommercialecurno.it
2008/2009 Overview and Performance
Total Lettable Area
35,348m²
Value (€ million)
97.12
Retail/Gallery
15,603m²
Rental Income
(€ million)
(€ million)
5.83
Hyper (Auchan)
17,245m²
Rental Growth
2.48%
Other
2,500m²
Visitors 2008/9
6.83m
ECP Ownership
18,103m²
Major Tenants
Media World, Passatempo, Cisalfa, Brek
