Corio appoints CEO for Corio Nederland (NL)

Corio has reached an agreement with Jan Willem Weissink to join Corio as the CEO for Corio Nederland. Weissink will leave Ahold, where he served as Senior Vice President of Ahold Europe Real Estate & Construction.

Weissink has held a number of real estate related positions within Ahold since 2001. After his appointment Corio Nederland's Management Board will consist of four members, Jan Willem Weissink (CEO), Dick Bogaards (CFO), Caroline Kievit (COO) and Paul Tankink (CDO). Weissink will start on July 1, 2011.

Before joining Ahold in 1996, Weissink held a number of international commercial functions within Nutricia. He started his career with Ahold at Marvelo (private coffee label) as a Sales and Marketing Manager. In 2001 he became Senior Acquisition Manager for Ahold Vastgoed, in 2003 Director Acquisitions of Ahold Vastgoed, in 2005 Managing Director for Ahold Vastgoed, in 2009 Vice President of Ahold Real Estate & Construction and since 2011 he is Senior Vice President of Ahold Europe Real Estate & Construction. In this latest position he was responsible for all the real estate and construction activities within Ahold Europe. Weissink is also Chairman of the Dutch Council of Shopping Centers (NRW).

Weissink's extensive experience and knowledge of retail and real estate, his vision on creating Favourite Meeting Places for both retailers and consumers fits with Corio's strategy. In combination with his open and straightforward personality and leadership capabilities, this makes him the ideal candidate for this position. Weissink holds a Master of Business Administration.

Corio's portfolio in the Netherlands consists of 37 operational shopping centers with a value at 31 March 2011 of € 1.9 billion. Currently the portfolio in the Netherlands accounts for 28% of Corio's total portfolio. Next to the operational portfolio Corio Nederland is working on 13 (re)development projects with a total expected investment of around € 1.0 billion. It is Corio's objective to strengthen the current portfolio through active investing and divesting and (re)developing the current properties in the portfolio with the aim to create 'Favorite Meeting Places'. The Management Board of Corio Nederland is responsible for all operational activities from investing, (re)developing, optimizing, center management and letting, supported by the experience of Corio on a European level.

Source: Hugin

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