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them. The liquidation of the company started the following month. The company was banned from trading on the stock exchange in
October 2015. In July 2018, Martinsa-Fadesa entered the final phase of liquidation. The website martinsafadesaliquidacion.es was set up to follow the liquidation process. In November 2018, in the aftermath of the crash, the lawyer Antonia Magdaleno was found responsible for the company's debt and sentenced to 4 years in jail.
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In March 2015, the company filed for bankruptcy, holding assets worth €2.4 billion ($ 2.7 billion) with debts worth €7.0 billion, making its collapse one of the biggest bankruptcies in
Spanish history. Trade of the company stocks were abruptly suspended, leaving no chance for its investors to unload
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and then in the rest of communities of Spain. At the moment, the firm is present all over the
Spanish territory through twenty delegations and more than fifty
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572:
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916:
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198:
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to renegotiate €4 billion of its debt. The company lost 70% of its stock value in two days and was advocated to file for
475:
458:. The firm subsequently presented a labor force adjustment plan which would result in the loss of 23% of its employees.
354:
683:
740:
442:
In 2007 Fadesa sold 36% less houses than in 2006, and its debt increased to €5.153 billion due to the crash of the
816:"Cuatro años de cárcel por estafa en la quiebra de Martinsa Fadesa para 'la reina de los concursos de acreedores'"
873:
855:
346:
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443:
431:
331:
173:
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with a surface of 300,000 square meters. It is also present in a few
Eastern European countries such as
373:. It specialized in the development of great projects of protected house. In 1993, its activity outside
864:
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84:
485:. Real estate is the traditional division through which it engages in the promotion of all types of
378:
187:
48:
716:
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482:
447:
238:
167:
859:
625:
374:
62:
877:
396:. At the international level, it participates in projects like the touristic resort of
895:
382:
56:
446:. On July 14, 2008 Martinsa-Fadesa failed to acquire an additional €150 million in
427:
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886:
494:
423:
370:
319:
141:
79:
17:
790:"Martinsa afronta la última fase de la liquidación diez años después del crac"
489:, whether as a first or second residence. Asset management develops basically
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267:
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37:
720:
397:
388:
In 1999, Fadesa expanded internationally for the first time, entering the
630:
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741:"Spain's Martinsa Fadesa enters liquidation after failing to strike..."
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147:
957:
Construction and civil engineering companies disestablished in 2018
498:
490:
469:
339:
327:
843:
947:
Construction and civil engineering companies established in 1991
486:
358:
302:
709:"Los accionistas de Martinsa Fadesa perderán toda su inversión"
481:
Martinsa-Fadesa had two main divisions — real estate and
509:
The company was the official sponsor of
Spanish football club
345:
415:
At the end of 2006 Fadesa achieved sales of €1.281 billion.
353:(Fadesa) to create Martinsa-Fadesa. The company went in to
501:
and outsource the operation to a specialized third party.
902:
Construction and civil engineering companies of Spain
907:
Defunct construction and civil engineering companies
474:Buildings under construction by Martinsa-Fadesa at
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392:market, and in 2000 it opened its delegation in
653:"Spain's Martinsa Fadesa eyes 23 pct staff cut"
684:"Spain's Martinsa Fadesa files for bankruptcy"
369:Fadesa was founded at the end of the 1970s in
8:
952:Real estate companies disestablished in 2018
620:"Martinsa Fadesa to file for administration"
30:
927:Companies based in the Community of Madrid
29:
962:Real estate companies established in 1991
357:on 15 July 2008 after failing to pay off
967:Spanish companies disestablished in 2018
869:Comisión Nacional del Mercado de Valores
532:
530:
528:
526:
418:On December 14, 2007 Fadesa merged with
765:"Martinsa Fadesa, excluida de la Bolsa"
522:
932:Spanish companies established in 1991
7:
814:Pitarch, Sergi (29 November 2018).
563:"Party Is Over For Martinsa Fadesa"
922:Companies based in Galicia (Spain)
497:. It retains the ownership of the
454:in Spain's biggest ever corporate
25:
561:Espinoza, Javier (15 July 2008).
245:
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225:
224:
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97:Madrid, Spain (20 November 1991)
36:
27:Former Spanish construction firm
633:from the original on 2022-12-11
617:Mulligan, Mark (15 July 2008).
912:Real estate companies of Spain
1:
942:Defunct real estate companies
651:Vilar, Clara (15 July 2008).
538:"Consolidated Accounts 2007"
983:
917:Defunct companies of Spain
715:(in Spanish). 2015-03-03.
476:L'Hospitalet de Llobregat
351:Fadesa Inmobiliaria, S.A.
278:Town Planning Consultores
35:
796:(in Spanish). 2018-07-14
771:(in Spanish). 2015-10-28
330:before the crash of the
444:Spanish property bubble
332:Spanish property bubble
478:
438:Financial difficulties
275:Construcciones Pórtico
883:Martinsa-Fadesa, S.A.
874:Martinsa-Fadesa, S.A.
865:Martinsa-Fadesa, S.A.
856:Martinsa-Fadesa, S.A.
599:. Fadesa Inmobiliaria
473:
316:Martinsa-Fadesa, S.A.
31:Martinsa-Fadesa, S.A.
594:"Annual Report 2006"
430:company, through an
377:begun, initially in
318:was one of the main
290:Inmobiliaria Marplus
513:from 2001 to 2008.
511:Deportivo La Coruña
255:Number of employees
32:
665:on January 3, 2009
479:
334:. It was based in
794:La Voz de Galicia
543:. Martinsa-Fadesa
313:
312:
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249:€2,795,754 (2011)
232:
212:
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166:Fernando Martín,
16:(Redirected from
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661:. Archived from
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575:on July 20, 2008
571:. Archived from
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483:asset management
379:Castile and León
309:
306:
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209:(€20.0 million)
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199:Operating income
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49:Sociedad Anonima
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33:
21:
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860:Bolsa de Madrid
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688:www.thelocal.es
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626:Financial Times
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305:.martinsafadesa
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106:Fernando Martín
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18:Martinsa Fadesa
15:
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937:Spanish brands
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878:Google Finance
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838:External links
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355:administration
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844:Official site
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824:. Retrieved
822:(in Spanish)
819:
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798:. Retrieved
793:
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773:. Retrieved
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748:. Retrieved
746:. 2015-04-09
743:
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724:. Retrieved
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692:. Retrieved
690:. 2015-03-03
687:
678:
667:. Retrieved
663:the original
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646:
635:. Retrieved
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612:
601:. Retrieved
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577:. Retrieved
573:the original
566:
556:
545:. Retrieved
508:
495:golf courses
480:
460:
441:
428:construction
417:
414:
387:
368:
344:
324:construction
315:
314:
268:Subsidiaries
239:Total equity
135:Headquarters
45:Company type
820:eldiario.es
505:Sponsorship
424:real estate
320:real estate
85:Hospitality
80:Real estate
896:Categories
826:2019-06-04
800:2019-06-04
775:2019-06-04
750:2019-06-04
726:2019-06-04
694:2019-06-04
669:2008-07-15
637:2008-07-15
603:2008-07-15
579:2008-07-15
547:2008-07-15
517:References
466:Operations
452:bankruptcy
422:, another
390:Portuguese
326:groups in
219:Net income
159:Key people
130:Liquidated
850:Financial
721:1134-6582
57:Traded as
887:Hoover's
631:Archived
420:Martinsa
371:A Coruña
284:Jafemafe
168:Chairman
142:A Coruña
73:Industry
769:ELMUNDO
744:Reuters
713:El País
658:Reuters
456:default
410:Romania
406:Hungary
402:Morocco
394:Morocco
375:Galicia
365:History
298:Website
281:Fercler
188:billion
186:€1.202
183:Revenue
150:, Spain
144:, Spain
117: (
112:Defunct
102:Founder
94:Founded
65::
719:
568:Forbes
448:credit
398:Saīdia
347:merged
336:Madrid
287:Inomar
261:(2007)
259:3,607
231:(2007)
211:(2007)
191:(2007)
148:Madrid
597:(PDF)
541:(PDF)
499:asset
491:hotel
487:homes
359:debts
349:with
340:Spain
328:Spain
717:ISSN
426:and
408:and
322:and
307:.com
127:Fate
119:2018
115:2018
63:BMAD
858:—
432:IPO
303:www
174:CEO
67:MTF
898::
885:—
876:—
867:—
818:.
792:.
767:.
711:.
686:.
655:.
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565:.
525:^
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342:.
338:,
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729:.
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121:)
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
