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Colonial’s Profits Rose By 17% To €249M In YTD Sept16

Posted by: In: Real Estate 15 Nov 2016 Comments: 0 Tags: , , , , , , , , , , ,
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15 November 2016 – Expansión

Colonial earned €249 million during the first nine months of the year, up by 17% compared to the same period last year. The company chaired by Juan José Bruguera said that this improvement was a direct result of the growth strategy employed by the firm, which specialises in the prime office sector, as well as an overall improvement in the market.

The real estate company recorded an increase in recurrent revenues of 21%, to €205 million and growth in EBITDA of 29%, to €166 million. During the nine months to September, Colonial signed lease contracts covering a GLA of 73,160 m2 and the occupancy rate of its assets amounted to 97%. The firm’s share price fell by 0.21% on the stock market yesterday, to €6.12 per share.

Original story: Expansión (by G. Trindade)

Translation: Carmel Drake

The post Colonial’s Profits Rose By 17% To €249M In YTD Sept16 appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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