Colonial fails to find investors for Riofisa

Spanish property company Colonial said it is rethinking the sale of its shopping centre development unit Riofisa in light of the 'difficult situation in the real estate and financing markets.' In a statement to the Spanish stock market regulator this week, the company said that it will look for alternative options to the disposal plan, which has not progressed since September last year when it was announced as part of a series of measures agreed with the company's creditor banks.

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