21 March 2019 – Eje Prime
The Board of Directors of Realia has unanimously approved the decision to change the valuation method for its assets linked to property development to bring it in line with market practice.
The listed real estate company has notified the National Securities and Exchange Commission (CNMV) that it will adopt the July 2017 professional standards of the Royal Institution of Chartered Surveyors (RICS) from the end of H1 2019 onwards.
The company closed 2018 with a profit of €40.2 million, up by 31.8% and a portfolio valuation based on market value of €1.84 billion, up by 3.1% YoY.
Original story: Eje Prime
Translation: Carmel Drake