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Pere Viñolas, CEO of Colonial: “We Want to Increase Our Weight in the Prime Office Market”

The CEO of the large Socimi that specialises in offices has been speaking to to explain the company's plans for 2021 after it sold assets worth 240 million euros in the middle of the pandemic.

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Pere Viñolas is the CEO of the Socimi Colonial.

Pere Viñolas is one of the Spanish executives in the real estate sector with a clear financial profile. With a degree in Business Sciences and an MBA from ESADE, Viñolas has served as Colonial’s CEO since July 2008 and was one of the most successful in defining the financial and real estate crash of 2007. “In Europe, the party is over but we are still at the bar”, he said in one of the forums that was held just before the outbreak of the crisis.

With this clarity of diagnosis, the partnership he formed with Colonial’s President, Juan José Brugera, a stalwart of the sector and the company, had been disinvesting in the residential sector and shielding itself in the office segment, the listed real estate company’s core business. Today, Colonial shares the Socimi podium with Merlin Properties, after being one of the few companies to be rescued by the banks and funds following the 2007 crisis.

Read the full article in Spanish.

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