We are talking about 6 million square meters, with an amount of €2,600M, achieved after this capital increase, which included the transfer of lands by the main shareholders, for the construction of 24,000 houses. The capital increase doubled the gross value of its assets into a total of €2,600M, according to the Spanish Real Estate.
Santander Bank continues as major shareholder of the company, with 61.3%, followed by BBVA with 29.5% and Popular with 9.2%.
Jorge Pérez, CEO at Metrovacesa, declared that «this transaction reflects Metrovacesa’ consolidation as largest residential property developer in Spain, with a unique position as for volume and quality of lands, and a differentiated strategy that combines houses development and the management of strategic plots in short and medium term».