Fadesa

Last updated
Fadesa Inmobiliaria, S.A.
Type Sociedad Anónima
BMAD:  FAD
Industry Real estate
Successor Martinsa Fadesa
Founded A Coruña, Spain (24 July 1980)
Founder Manuel Jove
Defunct17 December 2007
FateAcquired by Martinsa
Headquarters
A Coruña
,
Spain
Area served
Spain, Portugal, Morocco, Hungary, Poland
Key people
  • Manuel Jove, Chairman
  • Antonio de la Morena Pardo, CEO

Fadesa Inmobiliaria, S.A. was a Spanish real estate company.

Contents

In 2007, the company was the subject of a friendly takeover by rival Martinsa resulting in the creation of Martinsa-Fadesa.

History

Fadesa was established on 24 July 1980 by Manuel Jove as Edificaciones Coruñesas, S.A. [1] On the 31 October 1997, Edificaciones Coruñesas bought Urbanizador Inmobiliaria Fadese, S.A.U., Indelar S.A.U., and Coditecsa, S.L.U. adopting the corporate name of one of these companies - Urbanizadora Inmobiliaria Fadese, S.A. (Fadesa). On 23 April 1999 Urbanizadora Inmobiliaria Fadese changed their name to Fadesa Inmobiliaria, S.A.

On 30 April 2004 at the height of the Spanish property bubble, Fadesa floated 33% of its capital on the Madrid Stock Exchange with the company valued between 1.2 and 1.4 billion euros. [2]

Sponsorship

From 2001 to 2008 Fadesa was the shirt sponsor of the Spanish football club Deportivo de La Coruña. They also sponsored Intervíu Fadesa (futsal), Ayamonte CF (football) and Ceuta-Fadesa (sailing).

See also

Related Research Articles

Roy Makaay Dutch association football player and manager

Rudolphus Antonius "Roy" Makaay is a Dutch football manager and former footballer who played as a centre-forward. He was known for his goal-scoring ability as a result of his "aerial prowess and quick drives to the net where he can put the ball away with either foot."

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF, another subsidiary of BME.

Míchel Salgado Spanish footballer

Miguel Ángel "Míchel" Salgado Fernández is a Spanish former footballer who played as a right back.

Álvaro Arbeloa Spanish footballer

Álvaro Arbeloa Coca is a Spanish retired footballer. He predominantly played as a right back, although he also occasionally played on the left side.

Martinsa-Fadesa, S.A. was one of the main real estate and construction groups in Spain before the crash of the Spanish property bubble. It was based in Madrid, Spain.

Spanish property bubble

The Spanish property bubble is the collapsed overshooting part of a long-term price increase of Spanish real estate prices. This long-term price increase has happened in various stages from 1985 up to 2008. The housing bubble can be clearly divided in three periods: 1985–1991, in which the price nearly tripled; 1992–1996, in which the price remained somewhat stable; and 1996–2008, in which prices grew astonishingly again. Coinciding with the financial crisis of 2007–08, prices began to fall. In 2013, Raj Badiani, an economist at IHS Global Insight in London, estimated that the value of residential real estate has dropped more than 30 percent since 2007 and that house prices would fall at least 50 percent from the peak by 2015. According to Alcidi and Gros note, “If construction were to continue at the still relatively high rate of today, the process of absorption of the bubble would take more than 30 years.”

Donato Gama da Silva, known simply as Donato, is a football manager and former player who played from the 1980s to early 2000s.

Francisco Javier González Pérez, known as Fran, is a Spanish retired professional footballer.

Torre Cepsa

The Torre Cepsa (English: Cepsa Tower) is a skyscraper located in the Cuatro Torres Business Area in Madrid, Spain. With a height of 248.3 m (815 ft) and 45 floors, it is the second tallest of the four buildings in the Cuatro Torres Business Area complex, surpassed by Torre de Cristal by less than a metre. It is the second tallest building in Spain and the 4th tallest building in the European Union.

Adrián López Spanish footballer

Adrián López Álvarez, known simply as Adrián, is a Spanish professional footballer who plays as a forward for CA Osasuna.

Metrovacesa

Metrovacesa S.A. is a major Spanish property company, headquartered in Madrid, which was the largest publicly traded real estate developer in the Eurozone. The company is primarily focused on the leasing of a range of property in France and Spain, which comprises around 80% of its portfolio.

Grupo Agbar

Sociedad General de Aguas de Barcelona, SA. (Agbar) is a Spanish company specialized in the distribution and treatment of water.

Seseña Place in Castile-La Mancha, Spain

Seseña is a municipality located 35 km south of Madrid in the La Sagra comarca, province of Toledo, Castile-La Mancha, Spain. According to the 2009 census (INE), the municipality had a population of 16,231.

Caja de Ahorros del Mediterráneo

Caja de Ahorros del Mediterráneo (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia.

Sergio Canales Spanish footballer

Sergio Canales Madrazo is a Spanish professional footballer who plays as an attacking midfielder for Real Betis and the Spain national team.

Banco Bilbao Vizcaya Argentaria Spanish financial services company

Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania.

Fanny Garrido

Francisca González Garrido, better known as Fanny Garrido, was a Galician writer and translator.

Francisco Hernando Contreras Spanish builder

Francisco Hernando Contreras, known as Paco el Pocero, was a Spanish businessman in the construction industry.

The 2007–08 season was Deportivo de La Coruña's 37th season in La Liga, the top division of Spanish football. They also competed in the Copa del Rey. The season covered the period 1 July 2007 to 30 June 2008.

The 2005–06 season was Deportivo de La Coruña's 35th season in La Liga, the top division of Spanish football. They also competed in the Copa del Rey and the UEFA Intertoto Cup. The season covered the period 1 July 2005 to 30 June 2006.

References

  1. "Concurso Voluntario Autos 408/2008 Martinsa Fadesa, S.A." (PDF) (in Spanish). Juzgado de lo Mercantil nº 1 de A Coruña. 2008-12-01.
  2. "Fadesa sale a bolsa el día 30 a un precio por título de entre 11 y 12,6 euros". El País (in Spanish).