Colonial formed Vita joint venture. Inmobiliaria Colonial stock gains 1.03 percent

Published on 10/13/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Madrid platform includes 2,200 beds and spans 92,000 square meters. Inmobiliaria Colonial stock costs EUR 4.90 on October 13, 2026 versus EUR 4.85.

Colonial formed a 50/50 joint venture with Vita Group for a Madrid student housing and flex-living platform.
The platform is planned to include 2,200 beds and 92,000 square meters across three assets.
Inmobiliaria Colonial traded at EUR 4.90 at Lang & Schwarz on October 13, 2026, 1.03 percent above the October 12 Xetra close of EUR 4.85.
Renta 4 reiterated an EUR 8.30 price target and an Overweight recommendation in September 2026.

Inmobiliaria Colonial, ES0139140174, Illustration mit AI erstellt.

Inmobiliaria Colonial (ISIN ES0139140174) was trading at EUR 4.90 at Lang & Schwarz on October 13, 2026 at 9:07 a.m. CEST, up 1.03 percent versus the Xetra close of October 12, 2026 at EUR 4.85. The company had formed a 50/50 joint venture with Vita Group on September 23, 2026 to develop a premium student housing and flex-living platform in Madrid, according to Vita Group.

What does Vita add?

The platform is planned to combine three Madrid assets with 92,000 square meters and 2,200 beds or units, with the portfolio expected to be operational by 2028. Vita contributes two assets at the Oria Innovation Campus, while Colonial is scheduled to contribute Santa Hortensia after its transformation.

Bolsamania reported that Colonial estimates an unlevered internal rate of return of 10.00 percent over seven years and a development-cost return above 6.00 percent. Renta 4 reiterated an Overweight recommendation and an EUR 8.30 price target, while valuing the stabilized platform at an estimated EUR 1.0 billion.

Three milestones shape the strategy

On June 17, 2026, Colonial approved a dividend of EUR 0.32 per share, according to its company press page. On July 23, 2026, first-half gross rents reached EUR 207 million and EPRA earnings reached EUR 111 million, as reported by Bolsamania. On September 23, 2026, Colonial and Vita announced the joint venture, marking a move beyond Colonial's traditional prime office portfolio.

Stock remains below its yearly high

At EUR 4.90, the stock stood within its EUR 4.81 to EUR 5.85 52-week range as of October 13, 2026. Its market capitalization was EUR 3.0 billion as of October 12, 2026, giving the planned EUR 1.0 billion platform a material strategic scale relative to the listed company.

For investors, the key test is execution: the 10.00 percent estimated return depends on delivery schedules, development budgets and occupancy. The 50 percent ownership structure preserves Colonial's participation in future value creation while limiting the platform to a defined joint-venture framework.

Trading starts above the Xetra close

Inmobiliaria Colonial was trading at EUR 4.90 at Lang & Schwarz on October 13, 2026 at 9:07 a.m. CEST, 1.03 percent above the Xetra close of October 12, 2026 at EUR 4.85. The reference quote sits EUR 0.95 below the 52-week high of EUR 5.85.

The further course of trading is shown by the continuously updated real-time quote of Inmobiliaria Colonial stock.