Spanish companies are sill suffering from crisis
Losses of the second-largest in Spain real estate agency Colonial in first half of year have made 2,38 billion euro.
Such damage of the company has been caused by crisis in the market of the real estate of the country because of which cost of the majority of its actives has considerably decreased. The agency has lost a lot of investments in trading networks Riofisa and civil engineering firm FCC.
At the end of June the total cost of Colonial’s objects made 10,5 billion euro. As it has become known, 85 % from them are represented with leased office premises. The company has declared that it is going to reduce quantity of objects of the inhabited real estate and will be concentrated to projects of business centers.
Let’s remind, earlier the largest building company of Spain - Metrovacesa - has declared about possible bankruptcy.