A possible joint operation is now on the table, according to what market sources revealed to newspaper Cinco Días. If the operation is successful, this would be a way for Metrovacesa – which has been listed on the Stock Exchange since last February – to gain liquidity for its activity, at a moment when real estate development is gaining a new dynamic in Spain.
To sell some of its shares would be, on the other hand, a way to meet the measures imposed by the Banco de España concerning real estate investment. However, the same market sources also revealed that this is not a priority operation for the bank.
