During its Annual Conference in Stockholm, the European Real Estate Association (EPRA), representing the European public real estate sector, granted the Dutch property investment fund Corio NV, the EPRA Award for the Best Annual Report (BAR). It is the seventh time in EPRA's history this award has been given.
As from the 2005 BAR Award onwards, the objective of the Award has changed. The objective of the BAR Award is to identify the participant that showed the highest consistent relative improvement in the quality of annual reporting as determined by its increase in ranking. The scores of the participants over the last three years are taken into consideration. The annual reports showing significant consistent improvements in providing quantitative and qualitative information over these years competed for the BAR Award 2007.
According to the jury, under chairmanship of Wibo van Ommeren (Deloitte The Netherlands), Corio NV showed over the last three years the best and most consistent improvement, for example in publishing more extensively information on its development projects. Timeliness of the development pipeline is disclosed in depth including the gross development value and gross external area relating to development projects. Furthermore, Corio has disclosed the net asset value, the diluted earnings per share and the triple net asset value including the reconciliations.
In total, 92 European real estate companies competed for the Award. On the basis of various criteria