Inmobiliaria Colonial, S.A. · Barcelona Spain
(Spanish: COL)
| Avenida Diagonal, 532 | Phone: +34-93-404-7900 |
| Barcelona | Fax: +34-93-404-8540 |
| 08006 | |
| Spain |
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Company Description
Inmobiliaria Colonial is a holding company with lots of holdings, but some may slip from its grasp. The real estate firm develops, owns, and manages premium office buildings, shopping centers, and business parks, mainly in Paris, Madrid, and Barcelona. Colonial is also involved in housing development. Its holdings total more than 3 million sq. m. of leasable space, plus approximately 1.5 million sq. m. of land. A slumping real estate market and mounting debt has forced the struggling firm into a $10 billion restructuring plan and in 2008 it announced plans to sell stakes in several of its holdings, including shopping mall developer Riofisa and France's Societe Fonciere Lyonnaise.

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