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 (...)
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 (...)