PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Spain's Colonial losses widen but debt halved
After a year of restructuring and refinancing, Spain's struggling Colonial widened net losses by 56% in 2010 to E739m but the Barcelona-based firm halved its debt to E3.31bn and boosted its stock market capitalisation after equity raising. Gross rentals fell just 8% to E261m, but 67% derived from Colonial's Paris office REIT Société Foncière Lyonnaise.