Colonial Group Reports Dividend Increase and Positive 2022 Outlook

At the general meeting held this Tuesday, Colonial Group shareholders approved a dividend of 0.24 euros per share, up 10 percent from the previous year, representing a maximum total payout of 129.5 million euros. During the session, Colonial’s CEO highlighted the company’s solid foundations and a strategic plan focused on real estate assets in city centers. Early 2022 confirmed the positive momentum seen at the end of 2021, with new acquisitions while preserving the company’s investment character. In 2021, Colonial announced a new 500 million euro investment in its French subsidiary SFL, aimed at expanding holdings in central Paris and Barcelona. The plan included the acquisition of the 91 Pasteur buildings in central Paris, totaling around 40,000 square meters, and the purchase of the Barcelona headquarters of the Danone Group, already finalized in 2021.