Colonial has sold Viapark retail park, located on the outskirts of Vicar (Almeria) at appraisal value. In operation since 2008, Viapark is a commercial space with macro stores occupied by brands such as Carrefour, Decathlon,Bricomart or Kiabi.
This operation is integrated within the divestment program that the company began in 2022. All divestments are made in an appraisal environment, demonstrating the resilience of Colonial's assets. In recent months Colonial has divested assets for a volume close to €500m, in Spain and France. The program is part of Colonial’s "flight to quality” strategy which is based on active portfolio management and disinvests mature and/or non-strategic products in order to recycle capital for new value creation opportunities and continuously improve the risk-return profile of the Group.
Colonial Group presents a solid balance sheet, both in terms of LTV (36%). The current levels of liquidity make it possible to cover all Colonial’s debt maturities until the year 2027. Moreover, Colonial Group has a high level of coverage regarding the rise in interest rates through a high volume of fixed-rate bonds in combination with hedging instruments contracted for long-term maturities. 100% of the Group's net debt has a fixed interest rate.
