Spain-based office REIT/SOCIMI Colonial boosted recurring net profit by 66%yy to €69m in the first half-year, and said the earnings set strengthens the group's business model.
Colonial attributable (...)
Spain's largest listed office owner, REIT/SOCIMI Colonial, raised first half recurring net profit 12%yy to €41m and said the consolidation of just-acquired Axiare expanded gross AUM 29% to €11.19bn.
Spain's Colonial becomes the nation's largest REIT/SOCIMI with 11bn AUM after it agreed a merger with peer Axiare following a takeover accepted by 87% of Axiare shareholders. Colonial immediately raised (...)
Spain's REIT/SOCIMIs have succeeded in the government's aims of reviving the nation's previously depressed real estate, boosting the economy and creating jobs, the EPRA/Iberian Property conference (...)
Miguel Ferre, one of the fathers of Spain's REIT regime, is to take part, alongside four of his most successful 'progeny', Merlin Properties, Hispania, Colonial and Lar España, at the Iberian REIT Conference (...)
Société Foncière Lyonnaise, a Paris office REIT/SIIC controlled by Spain's Colonial group, raised 2017 EPRA earnings by 1.5% to €102.4m though attributable net profit surged more strongly - 36% to (...)