April 29, 2016 10:13 AM ET

Real Estate Management and Development

Company Overview of Metrovacesa, S.A.

Company Overview

Metrovacesa, S.A., a property company, is primarily engaged in renting, promoting, trading, and managing office buildings, shopping centers, and hotels in Europe. Its office property portfolio comprises 31 operating assets with approximately 500,000 square meters of leasable surface area in Spain; Walbrook Square project in the United Kingdom; and 1 property in Frankfurt. The company also operates and leases 8 shopping centers with approximately 315,000 square meters of gross rentable area; and 13 hotels, as well as manages car parks directly. In addition, it buys and develops land, as well as designs and manages construction and marketing of homes. The company was formerly known as Inmobili...

Building 1

Parque Empresarial Metrovacesa Vía North Road

Calle Quintanavides

nº 13

Madrid,  28050



34 902 40 04 50

Key Executives for Metrovacesa, S.A.

Chief Executive Officer and Managing Director
Chairman of The Board, President and President of Executive Committee
Age: 58
Head of Finance
Head of Building & Mainteinance
Head of the Property Area
Compensation as of Fiscal Year 2015.

Metrovacesa, S.A. Key Developments

Bankia To Divest 90% Holdings In Other Companies Before 2014 End

Bankia, S.A. (CATS:BKIA) has a mandate to divest its 24.9% stake in Realia Business, S.A. (CATS:RLIA) while it is only a matter of time before it divest its 2.9% of Mapfre SA (CATS:MAP) and 19% stake of Metrovacesa, S.A., El Economista reported on July 4, 2014 citing Chief Executive Officer of José Sevilla Álvarez. He stated that Bankia may be able to divest at least 90% of its holdings in other companies before the end of 2014. The European Commission has ordered Bankia to divest its stakes in other companies as part of its restructuring plan.

Metrovacesa Reportedly Planning To Sell Gecina Stake To CDPQ And Blackstone

Metrovacesa, S.A. is close to selling 27% stake in Gecina SA (ENXTPA:GFC) to The Blackstone Group, Private Equity Group and Ivanhoe Cambridge, Inc. giving them almost 50% of equity, Spanish media stated. The news report mentioned that the possible buyers are keen to avoid making a full bid. Ivanhoe Cambridge and Blackstone already own 22.98% of Gecina through their Eliseo Finance joint venture. Expansion reportedly recently that CDPQ and Blackstone are looking at ways of avoiding being legally obliged to launch a full takeover bid, including teaming up with a third partner. In a statement following the report, Metrovacesa confirmed that talks are in progress on the stake sale but declined to comment on buyers or price. Metrovacesa said any deal would be subject to conditions relating to its financial restructuring.

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