Since that year, the company has emerged from development, has restructured its debt and changed the corporate structure. It has become one of the largest real estates in Europe.
The real estate follows an ambitious strategic plan, designated Alpha I, which includes to invest 1,500m in the acquisition of buildings between 2015 and 2020. Until February of this year, the company had already invested more than 1,700M, which is what has driven to create Alpha II.
Recently, had managed to change the mortgage debt with market issuances, some valued at over 1,000M, states Spanish Real Estate.
The real estate company has closed the acquisition of several prime offices in Barcelona, Madrid and Paris, investing through majority stake in French Socimi SFL.
The last move of the real estate was the decision to turn into Socimi, which will be submitted for approval at the shareholder's meeting, expected for 29 June, according to the same source.
Seizing the right moment in real estate in Spain, Colonial is preparing to invest nearly 400 million in the development of the Project Alpha II, the name presented to investors for its ambitious...
COLONIAL ended the first trimester of the financial year with a net profit of 16 million euros, 42% more compared to the 11 million in the same period of the previous financial year.
Colonial has successfully completes its accelerated capital expansion involving a total of 253 million euros.
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