Colonial SFL achieves 70% of disposal target

Spanish real estate group Colonial SFL has completed €350 mln in asset divestments as of March 2026, reaching 70% of its disposal program well ahead of schedule.

Tucumán

In March 2026 alone, the company divested nearly €50 mln in assets. This included the sale of the non-core Tucumán office building in Madrid (outside the central business district) for over €24 mln, and a residential complex in Málaga for more than €20 mln.

The total year-to-date disposals of €350 mln also encompass a €242 mln transaction in Paris and other residential asset sales earlier in the year. These transactions have been executed at favourable prices, exceeding appraisal values, which demonstrates Colonial SFL's strong pricing discipline and efficient capital rotation strategy.

Specifically, the sale of the Tucumán office building for over €24 mln reflects continued strong execution of the portfolio rotation. This was further complemented by additional residential disposals, such as Pacífico Viviendas in Málaga for over €20 mln, and other transactions in Madrid (Paseo de la Castellana 157 and Euterpe).

Since the release of its full-year 2025 results, Colonial SFL has divested over €45 mln in non-core assets at values above appraisal levels. The remaining disposal program is showing strong momentum, bolstered by the attractive and highly liquid Spanish residential market.

Juan Manuel Ortega, CIO of Colonial SFL, commented: “These disposals reflect our disciplined approach to portfolio management, enabling us to crystallise value from mature assets while delivering progress on our disposal programme. This execution reinforces our capital rotation strategy and our focus on optimising portfolio quality”.

Colonial SFL owns a portfolio of commercial properties in the main business areas of Barcelona, Madrid and Paris, totalling more than 1 million m2, with a gross asset value exceeding €12.0 bn.