The first half of 2018 was «outstanding» for the Colonial Group with a Total Shareholder Return of +15% based on a +13% Net Asset Value per share YoY increase in combination with a dividend yield of +2%.
In this period, the socimi recorded a gross rental income of €170 million, 21% more than last year. This significant increase is explained by the incorporation of the Axiare business since February and with new acquisitions and project deliveries.
On July 2nd, the merger of Colonial with Axiare has been finalized consolidating Colonial as leader in prime offices. At the end of the first half of 2018, the Group’s Gross Asset Value amounted to €11,190m (€11,730m including transfer costs), which represents an increase of +29% vs. previous year (+21% in 6 months).
In like-for-like terms, Colonial’s portfolio has been revalued by +10% vs. the previous year (+4% in the first half of 2018).