Axiare registers profits of € 218M in 2017

Axiare registers profits of € 218M in 2017

 

The information comes from a report by the Spanish CNMV, according to which operating profit grew 56% to €232.3 million.

This year, the company's profits are slightly higher than the turnover made, which is due to the estimated revaluation of the company's assets, valued at market prices for a gross value of €1,797 million.

The Spanish Real Estate recalls that Axiare was the object of a takeover bid launched by Colonial, which already controlled 28.7% of the socimi, and now controls 86.9%.

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