Monday, November 30, 2020
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Large Socimis Launch Their Second Anti-Covid Plan: The Sale of Assets

Merlin Properties, Lar España and Colonial are committed to divesting non-strategic, but well-valued assets, to strengthen their respective liquidity positions in the face of Covid.

Image by Simone Hutsch.

The extension of the consequences of Covid beyond the most optimistic initial forecasts has forced large real estate companies to resort to new measures in order to mitigate the effects of the crisis on their businesses.

In this vein, the main Socimis listed on the Spanish Stock Exchange have decided to expand their range of proposals to stop the coronavirus ‘hit’ on their accounts and have added a new initiative, besides the renegotiation of rents: the sale of assets.

Read the full article in Spanish.

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