Colonial divests assets for €441M

Colonial divests assets for €441M


The assets traded have a gross lettable area of 106.574 m2 and they are mostly (91%) located outside the city’s central business centre.

The buildings that were sold are strategic assets for the company outside the M-30, mature assets and a project in the Castellana Sur / Mendez Álvaro area.

Amongst the buyers, are investors such as Tristan Capital Partners, Real I.S. and Grupo Catalana Occidente. In all these operations, Colonial had the legal aid from Ramón y Cajal Abogados and from Roca Junyent.

«The company frames these divestment operations wihin its strategy of focusing on prime assets with maximum added value, whose demand and value increase are more remarkable. This operation increases the flexibility and capacity for Colonial to keep developing its growth strategy, focused on projects of highest value and return», explains Pere Viñolas, Colonial’s CEO.

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