Colonial has nearly 2.6 billion euros war chest for possible acquisitions

Spanish property firm Colonial has 2.557 billion euros in liquidity, which can be earmarked for acquisitions amongst other things, according to the daily Cinco Dias, citing the company’s recent H1 accounts presentation. Colonial has 467 million euros in cash and 2.090 billion in credit lines which have not yet been used, Cinco Dias said. The newspaper flagged that the Ibex 35-listed Socimi’s management has been saying since last year that…


Colonial confirms main strategic points: rental income of €510 M in 2025

Intermoney | Colonial (Hold, Target Price 9,5 euros) celebrated its Capital Markets Day (CMD) in Paris on Monday. The socimi confirmed its main strategic points, such as focus on its three markets, maintaining a stable financial structure, asset rotation policy and reinforcing ESG policy. In the face of doubts from some investors, Colonial confirmed the high occupancy levels in its portfolio in service, and in the one where it will be…

Merlin Properties

The big Socimis, Merlin, Colonial and Lar España, will pass the CPI rise on to tenants

Bankinter | Merlin, Colonial and Lar España foresee passing inflation on to their rents. They give assurances they will enforce contracts, just as they did when inflation was zero or in negative territory. Bankinter’s opinion: Good news for the sector, although it should be viewed with caution. We do not think the increase in inflation is going to be applied across the board. There will be some assets requiring negotiation with…

Socimis' boom

Socimis in Spain are experiencing a boom which is unparalleled in Europe

Almost 10 years after the big property bubble burst, Spain is once again showing how emotional it can get it with bricks and mortar in all its forms. And emotional is the word, because the ‘revival’ of the real estate sector – something which nobody was betting on three or four years ago – is so spectacular that not a day passes when there is not some sort of euphoric news emerging about it. Of course figures are figures and these are more than amazing. If we focus on the Socimis, the protagonists of the property market in this current phase, the truth is the numbers are really impressive.

Colonial's bid for Axiare

Colonial Joins Ibex 35 Index Ahead Of Becoming A Socimi

This coming Monday, Colonial will join the Ibex 35, meaning that Spain’s two biggest socimis will now be represented in the selective index.  The weighting of Spain’s property sector in the index will also be increased as it continues its recovery.

Spanish small and midcaps

2017 Will Be A Good Year For Spanish Small And MidCaps Funds

Fernando Rodríguez | The outlook for economic growth in Spain continues to be good and domestic small and midcap stocks should reflect this. Above all, the cyclicals – particularly industrials – and consumer stocks. Barón de Ley, Miquel y Costas, Cie Automotive, CAF and Fluidra are some of the top stock picks.

No Picture

GBS: “The restructuring of Colonial shows a changing trend in the Spanish property sector”

MADRID | By Ana Fuentes | As the Spanish property sector becomes fashionable again, we set our eyes in one of the most-commented moves these days: listed developer and owner Colonial’s €1.26m capital increase and €1bn debt restructuring. President of GBS Finanzas Pedro Gómez de Baeza managed to form a complex puzzle including the entrance of billionaire industrialist Juan Miguel Villar Mir with a 24.4% stake. Mr Gómez de Baeza joins us to talk about an “extremely challenging” operation that began in 2008 and only bore fruit at the third attempt, but also shows a changing trend.