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Colonial launches 12 projects which will cost a total of €1.300M
18 June 2019 | Vanessa Sousa

Spanish REIT Colonial reinforces its portfolio with investments on the three main cities where it operates: Madrid, Barcelona and Paris. In them it intends to develop, until 2023, 12 new properties which represent a 1.300 million euro investment.

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Of these 12 properties, which will be mainly office buildings, five are located in Madrid, mentions newspaper Cinco Días. Among them is the 89.871 sqm Campus de Méndez Álvaro which represents a 287 million euro investment.

Four more buildings will be constructed in Barcelona and 3 in Paris. According to newspaper Expansión, these set of assets will yield in the future, 512 million euro per year.

Currently, Colonial has a portfolio estimated at 11.348 million euro, of which offices constitute the larger share.