Thursday, March 4, 2021
Home REITs Pere Viñolas,...

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 brainsre.news to explain the company's plans for 2021 after it sold assets worth 240 million euros in the middle of the pandemic.

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.

B-Exclusives

New Build Home Prices in Madrid Grew by 11% in 2020

The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.

Who Are the Construction Kings in the Balearic Islands?

Ten of the major real estate companies, including Taylor Wimpey, Metrovacesa, Aedas and Vía Célere, are going to deliver nearly half of the almost 2,500 homes that are scheduled for completion on the islands this year, according to Brainsre.

The Lowdown on the Decrease in Rental Prices in Madrid Post-Covid

The price of rental homes in Madrid has decreased for the third consecutive quarter, although the average asking price still exceeds 1,200 euros per month, according to Brainsre.

Ranking of Property Developers in Barcelona By Number of New Homes They Plan to Complete

Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.

Latest news

Starwood Puts Up For Sale an Office Building in 22@ for More Than €60 Million

The American fund has put up for sale a building spanning 13,000 square metres in the 22 @ district of Barcelona, which is leased in its entirety.

House Prices Rose by 0.7% in February But Decreased by 1.4% in the Large Capital Cities

Compared to January, house prices fell by 0.7% in the provincial capitals and large cities and by 0.4% in general, according to Tinsa.

Sareb Puts 1,600 Buildable Plots Up For Sale With 4 Servicers Whilst Continuing its Search for a Manager

The company that manages assets proceeding from the bank restructuring is accelerating its plan to divest land from its balance sheet in an operation that it expects will generate 174 million euros.

The Socimis Are Trading At A 40% Discount Compared to Their Asset Value, According to CBRE

Coronavirus has resulted in a loss in value of 8% for retail portfolios and 2% for offices, according to the consulting firm CBRE.