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Colonial Prepares for the Uncertainty of 2023 by Doubling its Profits & with an Occupancy Rate of 96%

The Socimi has improved its rental income by 12% during the 9 months to September 2022 thanks to a strong increase in rental prices in Paris.

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The Colonial Group has closed the third quarter of 2022 with a net result of 398 million euros, a figure that more than doubles (specifically, increases by 116%) the amount achieved during the same period a year earlier. The result confirms the “paradox” of the real estate market in 2022 which is being characterised by the strong and positive performance of companies, despite the future uncertainty that is casting a shadow over the short- and medium-term outlook.

That situation has been summed up by Pere Viñolas, CEO of Colonial, speaking to the media. He described the results for the year to date as “excellent” and explained that they make him think that the company will bear this time of uncertainty relatively comfortably. The 96% occupancy rate achieved by its offices (and almost 100% in Paris), improves the figure recorded a year ago of 93% and goes some way to supporting that statement.

Read the full article in Spanish.

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