The centers include the two in Germany (Forum Duisburg andCentrum Galerie Dresden), one in Spain (Espacio Torrelodones) andone in Portugal (Espaço Guimarães). The development projects areSchloßstraße (Berlin), Arneken Galerie (Hildesheim), Königsgalerie(Duisburg) and two other development projects. For the Germanassets in which Multi currently owns 100%, Corio will acquire a94.99% interest, with Multi retaining the remaining 5.01% interest.In Spain and Portugal, Corio will acquire a 100% interest.

Corio and Multi will each have a reciprocal right of first offeron any new German development project for a period of five years.In addition, the transaction provides Corio with an option toacquire two further Multi development projects, Forum Roma (Rome)and Espacio Cañaveral (Madrid) within two years.

Upon closing, this transaction will be funded through acombination of a follow-on offering of new ordinary shares andCorio's existing bank facilities. Corio officials said it willraise up to $801 million, of which approximately $601 million willbe used to partially fund the acquisition and the remainder will beused for other, existing and future pipeline projects and forgeneral corporate purposes.