266:. However, after they were unable to continue paying their instalments, on 31 July 2009 they agreed to pay Legal & General £100 million in order to exit the contract. In February 2009, following a €738m loss in the previous year, Metrovacesa's owners were forced to hand control to its creditor banks, swapping a 55% stake for a cancellation of €2.1bn of loans which it could neither repay nor refinance. In 2010 it was the largest shareholder of
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to create the leading real estate
Spanish company. The tertiary real estate was concentrated within Merlin's portfolio (9,317 million euros), and the housing real estate were transferred to Metrovacesa which was renamed Testa Residencial (980 million euros). The banking consortium Santander/BBVA y
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complex, the biggest ever single-property deal in the UK. In a move to combat the firm's rising debt, the building was however sold back to HSBC at a £250 million loss in
December 2008.
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for the sum of £240m (€350m). They planned to invest a further €1400m, and announced that all work was to be completed by 2015. Metrovacesa were to hold the rights for a 250-year
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and Vacesa) which merged in 1989 to form
Metropolitana Vasco Central (Metrovacesa). The interests of the three constituent companies were largely confined to
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364:. It is owned by Banco Santander (72.5%) and by BBVA (19.4%). In November 2015 it was said to be soon divided into two.
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229:. A merger with the housing development firm BAMI followed in 2000, and the group acquired a majority stake in
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In April 2007 Metrovacesa made headlines by paying £1.09 billion for the 210-metre-high (690 ft)
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regarding the company's €4bn debt, and 54% of
Metrovacesa's shares could land in the banks' hands.
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In 2012, the
Sanahuja family, owner of more than 80 percent of Metrovacesa, is now in talk with
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property, but the newly merged entity expanded across Spain and moved into other assets such as
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The origins of
Metrovacesa can be traced back to 1918 and the foundation in Madrid of the
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Metrovacesa's portfolio currently comprises a significant number of office blocks,
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The HSBC building in Canary Wharf, London, owned by
Metrovacesa from 2007 to 2008.
527:"UK - Metrovacesa to invest 1.4 bln eur to 2015 in central London office complex"
749:
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108:
688:"Merlin y Metrovacesa se fusionan y crean el mayor grupo inmobiliario español"
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23:
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Metrovacesa's recorded net losses was €89.9M in 2010, and €144.7M in 2011.
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In 2009, Metrovacesa invested $ 70 million on the development of the mall
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In
December 2012, Metrovacesa was delisted from the Spanish stockmarket.
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50:
404:
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In June 2016, Metrovacesa merged its activities with the
Spanish group
186:
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Popular hold a 31.2% stake in Merlin, and 65,7% in Testa
Residencial.
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267:
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On 14 September 2007 Metrovacesa announced their purchase of the new
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firm Urbanizadora Metropolitana, which was one of three companies (
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615:"Las Arenas, de los toros a las compras | Barcelona | elmundo.es"
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773:
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Spain's Metrovacesa shares soar after shareholders launch bid
144:
548:"Metrovacesa Pays L&G GBP100M; Exits Walbrook Project"
638:
Spanish Metrovacesa shares dive on affiliate receivership
590:"Spain's biggest property firm sunk by £1bn office deal"
193:
and Spain, which comprises around 80% of its portfolio.
337:, as well as around ten car parks, a similar number of
401:"Unibail, Rodamco to create European property leader"
329:and housing for rent, located primarily in Madrid,
233:, the largest French real estate company, in 2005.
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78:
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568:"Metrovacesa confirms to pay to cancel Walbrook"
720:"Metrovacesa y Merlin: historia de una fusión"
474:"HSBC buys back headquarters from Metrovacesa"
8:
16:
794:Companies based in the Community of Madrid
292:de Barcelona, which opened in March 2011.
185:. The company is primarily focused on the
15:
501:"Metrovacesa buys London office complex"
390:. 2006-06-11. Retrieved June 13, 2007.
177:, which was the largest publicly traded
373:
88:, chairman of the executive committee)
503:. Reuters. 2007-09-14. Archived from
7:
211:Compañía Inmobiliaria Metropolitana
207:Compañía Urbanizadora Metropolitana
472:Keeley, Graham (6 December 2008).
14:
284:developed by Metrovacesa (2013).
22:
686:Costantini, Luca (2016-06-21).
453:"HSBC sells London HQ for £1bn"
789:Real estate companies of Spain
348:The company has branched into
1:
810:
588:Moya, Elena (2009-02-23).
343:residences for the elderly
189:of a range of property in
21:
726:(in Spanish). 2016-06-21
642:Property Investor Europe
307:Banco Español de Crédito
345:located across Spain.
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157:
570:. Reuters. 2009-08-03
276:
155:
86:Chairman of the board
427:"Company Background"
382:"Can Spain Sustain?"
670:Seeking a bank deal
507:on February 1, 2013
260:Legal & General
173:, headquartered in
145:www.metrovacesa.com
132:Number of employees
113:commercial property
18:
676:, 20 Decembre 2012
674:Hurriyet Dailynews
660:, 20 December 2012
286:
158:
84:Vitalino Nafría (
451:Financial Times.
258:development from
181:developer in the
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99:, retirement and
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748:. Archived from
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429:. Archived from
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407:. April 10, 2007
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223:shopping centres
161:Metrovacesa S.A.
105:shopping centres
26:
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17:Metrovacesa S.A.
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380:Graff, James.
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303:Banco Santander
256:Walbrook Square
245:8 Canada Square
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103:accommodation,
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12:
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769:
768:External links
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694:(in Spanish).
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644:, 8 April 2012
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619:www.elmundo.es
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327:business parks
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247:) in London's
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774:Official site
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752:on 2007-05-03
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744:Metrovacesa.
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433:on 2007-01-20
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425:Metrovacesa.
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360:, as well as
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335:Île-de-France
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754:. Retrieved
750:the original
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728:. Retrieved
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714:
703:. Retrieved
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681:
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633:
622:. Retrieved
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609:
598:. Retrieved
594:The Guardian
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583:
572:. Retrieved
562:
551:. Retrieved
541:
530:. Retrieved
520:
509:. Retrieved
505:the original
495:
484:. Retrieved
477:
467:
456:. Retrieved
446:
435:. Retrieved
431:the original
420:
409:. Retrieved
395:
385:
376:
347:
324:
311:
300:
297:
294:
287:
280:, a mall in
253:
249:Canary Wharf
235:
210:
206:
203:construction
200:
160:
159:
136:1,187 (2005)
65:Headquarters
31:Company type
546:Dow Jones.
215:residential
179:real estate
163:is a major
783:Categories
756:2007-06-27
746:"Property"
730:2018-12-13
705:2018-12-13
624:2018-12-13
600:2010-05-12
574:2009-08-03
553:2009-08-03
532:2007-09-17
511:2007-09-14
486:2008-12-27
458:2007-04-30
437:2007-06-27
411:2007-06-23
368:References
350:Düsseldorf
321:Activities
290:Las Arenas
278:Las Arenas
241:skyscraper
80:Key people
700:1134-6582
479:The Times
354:Frankfurt
331:Barcelona
282:Barcelona
227:car parks
109:car parks
596:. London
525:Forbes.
482:. London
341:and two
183:Eurozone
168:property
93:Products
51:Property
47:Industry
34:Public (
692:El País
658:Reuters
405:Reuters
358:Germany
270:(28%).
197:History
187:leasing
171:company
165:Spanish
141:Website
124:billion
122:€1.627
119:Revenue
57:Founded
38::
698:
362:London
339:hotels
314:Merlin
268:Gecina
231:Gecina
219:office
191:France
175:Madrid
126:(2005)
101:rented
97:Hotels
69:Madrid
264:lease
73:Spain
696:ISSN
387:Time
352:and
333:and
305:and
238:HSBC
225:and
217:and
60:1989
36:BMAD
724:abc
384:.
356:in
40:MVC
785::
722:.
690:.
672:,
656:,
640:,
617:.
592:.
476:.
403:.
209:,
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759:.
733:.
708:.
627:.
603:.
577:.
556:.
535:.
514:.
489:.
461:.
440:.
414:.
243:(
42:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
