Asentia changes course and heads towards value generation

Its property development activities will kick off with developing its land.

Its current shareholders have showed their commitment to the company by converting over 80% of its debt into equity.
The company's debt has dropped from EUR 1 billion to EUR 160 million.
Asentia is to develop its land, which currently consists of over 1,500,000 m2, with EUR 200 million expected to be invested over the next six years.
The new Asentia has become separate from its former shareholder Colonial, the real estate company.

Madrid, 9 June 2015. Asentia's debt refinancing agreement was signed in Madrid on 28 May. This represents a milestone in the history of the property company, as from now it will become a developer, focusing on developing its own land, and a third-party property assets manager.