Results from Colonial up to 273 million

Results from Colonial up to 273 million

Among the causes for this drop is the revaluation of assets to market prices, and the impact of the increase in the Imposto de Sociedades (Societies Tax) approved last year in Spain.

Total income (the value of the business plus other dealings) rose to 835.2 million euros, 12.4% less than in 2015. Meanwhile, during the presentation of the results, the managing director, Pere Viñolas, mentioned a growth of 17% in rent income, 271 million euros, the results of an occupancy rate of 97%.

In 2016, Colonial closed 93 rental operations, covering an area of 116,045m² and annual rents totalling 39 million euros. During the same exercise, another 500 million euros were invested as part of their programme of acquisitions, Alpha 1, in the purchase of four properties and participation in the capital of the Axiare socimi (15%) and an additional bolstering of 5.5% in their participation in the French SFL.

According to Pere Viñolas, the plan for 2017 envisages 400 million euros of investment in the Alpha II programme, to include the purchase of four assets in Barcelona, Madrid and Paris.


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