As indicated above, the valuation of the Company’s portfolio as of 31 December 2017, carried out by an independent property valuer, amounted to €2,046m.

It principally comprises office properties for lease, worth €1,909 billion, accounting for 93% of total. The value of land bank for future office developments stands at €62m, 3% of total. Finally, the valuation of the residential portfolio, mainly comprising the residential tourism development Las Colinas Golf & Country Club, is €75m, 4% of the total value of the Company’s assets.

Breakdown of the total GAV by type of asset

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