Following the initial announcement in April, Colonial and Stoneshield Capital have received all the necessary authorizations and have formalized the official launch of their joint management company to promote and develop this pan-European platform dedicated to the Science & Innovation real estate sector.
The partnership combines Colonial’s experience and strong track record in providing services to Europe’s leading corporate tenants and successfully executing long-term investments in prime locations, with Stoneshield’s expertise in scaling operational real estate asset platforms and leading value creation through asset transformation.
“We are pleased to officially announce the launch of this joint venture today, which enables us to start executing our strategy in Science & Innovation. This initiative responds to the shortage of suitable assets in Europe and represents an opportunity to deliver attractive returns to our shareholders. It is supported by an expected net IRR above 15%, along with a positive impact on EPS and Net Tangible Assets (NTA) both in the short and long term,” explains Pere Viñolas, CEO of Colonial.
“The current net rents provided by these assets offer one of the most attractive risk-return profiles in the European real estate sector. We are structuring long-term lease agreements indexed to CPI with leading companies that require specialized facilities to grow. With asset yields below sovereign rates, limited competition, and access to attractive financing, we see a unique window of opportunity to execute high-value investments,” adds Felipe Morenés Botín, Managing Partner and Co-Founder of Stoneshield Capital.
As part of this agreement, Colonial will allocate €200M to Deeplabs, the leading Science & Innovation platform in the Spanish market. Deeplabs manages 138,000 sqm of workspaces and technical facilities across three S&I campuses in Barcelona and Madrid, with a diversified, high-quality tenant base.
European roadmap
The joint platform aims to become a European leader in strategic locations such as Paris, Cambridge, Amsterdam, Berlin, Munich, and Lisbon, with a medium-term goal of exceeding €2.4 billion in assets under management.
In the short term, both parties plan to double the initial size of the platform through new joint investments and the activation of a selective pipeline of opportunities in Europe’s main hubs. These investments will be backed by long-term, inflation-protected lease agreements with leading companies that require specialized facilities. The expected net IRR is above 15%, with a positive effect on EPS and NTA both in the short and long term.
Colonial
Colonial is the leading platform in the European prime office real estate market, with a presence in the main business districts of Barcelona, Madrid, and Paris. It owns a unique portfolio of properties totaling more than 1 million sqm, with a market value exceeding €11.6 billion. The Group follows a long-term strategy focused on value creation through a high-quality client portfolio and the revaluation of its assets. Looking ahead, Colonial will continue to lead the urban transformation of European city centers, recognized for its experience and professionalism, financial strength, and profitability, while providing excellent sustainable real estate solutions adapted to its clients’ needs.
Stoneshield Capital
Stoneshield Capital, recently ranked among the top 100 global Private Equity Real Estate (PERE) fundraising franchises and among the top 10 in Europe for fundraising success over the last five years, is a long-term investment group focused on thematic sectors with supply constraints. Its platforms are led by top-tier management teams aligned with Stoneshield’s DNA: community commitment, job creation, and customer focus. Its activities cover sectors such as student housing, living, industrial storage, digital infrastructure, and Science & Innovation, among others, backed by institutional investors from North America, EMEA, and Asia.
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