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Paseo de la Castellana 93 28046 Madrid, Spain Tel. +34-91-5166100 Fax +34-91-5166126 |
Type: Public
On the web:
http://www.martinsafadesa.com
Martinsa-Fadesa was formed in 2007 when Martinsa S.A. bought Fadesa Immobiliaria for E4 billion. Martinsa-Fadesa has its hand in both residential (80% of its business) and commercial real estate. It develops subdivisions, apartment towers, hotels, resorts, golf courses, shopping centers, medical complexes, and land for industrial use. Martinsa-Fadesa has more than 190,000 homes in its portfolio, and almost 30 million sq. meters of land. Besides Spain and Portugal, the company has a presence in eight other European countries, as well as Morocco, Mexico, and the Dominican Republic. The honeymoon between Martinsa and Fadesa did not last long, however; Martinsa-Fadesa filed for bankruptcy protection in 2008.
Key numbers for fiscal year ending 2007:
Sales: $1,768.9M
One year growth: 4.8%
Net income: $97.0M
Officers:
CEO: Carlos Vega
Corporate Managing Director: Luis Cuevas
CFO: Ignacio Ponce
Competitors:
Metrovacesa
Realia Business
Sacyr Vallehermoso
