460:
451:
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.
27:
235:
215:
195:
450:
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
945:
935:
551:
778:
890:
895:
641:
370:
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
940:
915:
950:
955:
920:
561:
910:
871:
857:
526:
900:
930:
651:
804:
55:
905:
439:
to renegotiate €4 billion of its debt. The company lost 70% of its stock value in two days and was advocated to file for
447:. The firm subsequently presented a labor force adjustment plan which would result in the loss of 23% of its employees.
187:
672:
729:
431:
In 2007 Fadesa sold 36% less houses than in 2006, and its debt increased to €5.153 billion due to the crash of the
805:"Cuatro años de cárcel por estafa en la quiebra de Martinsa Fadesa para 'la reina de los concursos de acreedores'"
862:
844:
459:
753:
697:
464:
94:
343:
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with a surface of 300,000 square meters. It is also present in a few
Eastern European countries such as
362:. It specialized in the development of great projects of protected house. In 1993, its activity outside
853:
608:
582:
474:. Real estate is the traditional division through which it engages in the promotion of all types of
335:
925:
432:
420:
320:
162:
499:
73:
8:
176:
367:
385:. At the international level, it participates in projects like the touristic resort of
37:
705:
444:
471:
436:
435:. On July 14, 2008 Martinsa-Fadesa failed to acquire an additional €150 million in
227:
156:
848:
614:
363:
51:
866:
779:"Martinsa afronta la última fase de la liquidación diez años después del crac"
478:, whether as a first or second residence. Asset management develops basically
884:
709:
371:
45:
416:
312:
377:
In 1999, Fadesa expanded internationally for the first time, entering the
875:
619:
483:
412:
308:
68:
359:
130:
730:"Spain's Martinsa Fadesa enters liquidation after failing to strike..."
440:
256:
207:
386:
946:
Construction and civil engineering companies disestablished in 2018
408:
378:
26:
832:
646:
398:
394:
390:
382:
936:
Construction and civil engineering companies established in 1991
291:
698:"Los accionistas de Martinsa Fadesa perderán toda su inversión"
556:
470:
Martinsa-Fadesa had two main divisions — real estate and
339:
324:
136:
498:
The company was the official sponsor of
Spanish football club
334:
487:
479:
328:
316:
404:
At the end of 2006 Fadesa achieved sales of €1.281 billion.
475:
347:
342:(Fadesa) to create Martinsa-Fadesa. The company went in to
490:
and outsource the operation to a specialized third party.
891:
Construction and civil engineering companies of Spain
896:
Defunct construction and civil engineering companies
463:Buildings under construction by Martinsa-Fadesa at
607:
882:
381:market, and in 2000 it opened its delegation in
642:"Spain's Martinsa Fadesa eyes 23 pct staff cut"
673:"Spain's Martinsa Fadesa files for bankruptcy"
358:Fadesa was founded at the end of the 1970s in
941:Real estate companies disestablished in 2018
609:"Martinsa Fadesa to file for administration"
916:Companies based in the Community of Madrid
951:Real estate companies established in 1991
426:
346:on 15 July 2008 after failing to pay off
956:Spanish companies disestablished in 2018
858:Comisión Nacional del Mercado de Valores
605:
549:
521:
519:
517:
515:
458:
407:On December 14, 2007 Fadesa merged with
802:
754:"Martinsa Fadesa, excluida de la Bolsa"
883:
921:Spanish companies established in 1991
639:
512:
803:Pitarch, Sergi (29 November 2018).
552:"Party Is Over For Martinsa Fadesa"
13:
911:Companies based in Galicia (Spain)
486:. It retains the ownership of the
443:in Spain's biggest ever corporate
14:
967:
826:
550:Espinoza, Javier (15 July 2008).
234:
233:
214:
213:
194:
193:
86:Madrid, Spain (20 November 1991)
25:
16:Former Spanish construction firm
796:
771:
622:from the original on 2022-12-11
606:Mulligan, Mark (15 July 2008).
901:Real estate companies of Spain
746:
722:
690:
665:
633:
599:
575:
543:
493:
1:
931:Defunct real estate companies
640:Vilar, Clara (15 July 2008).
505:
454:
527:"Consolidated Accounts 2007"
7:
10:
972:
906:Defunct companies of Spain
704:(in Spanish). 2015-03-03.
353:
465:L'Hospitalet de Llobregat
340:Fadesa Inmobiliaria, S.A.
286:
267:Town Planning Consultores
255:
242:
225:
205:
185:
171:
146:
123:
115:
100:
90:
82:
61:
43:
33:
24:
785:(in Spanish). 2018-07-14
760:(in Spanish). 2015-10-28
319:before the crash of the
433:Spanish property bubble
321:Spanish property bubble
467:
427:Financial difficulties
264:Construcciones Pórtico
872:Martinsa-Fadesa, S.A.
863:Martinsa-Fadesa, S.A.
854:Martinsa-Fadesa, S.A.
845:Martinsa-Fadesa, S.A.
588:. Fadesa Inmobiliaria
462:
305:Martinsa-Fadesa, S.A.
20:Martinsa-Fadesa, S.A.
583:"Annual Report 2006"
419:company, through an
366:begun, initially in
307:was one of the main
279:Inmobiliaria Marplus
502:from 2001 to 2008.
500:Deportivo La Coruña
244:Number of employees
21:
654:on January 3, 2009
468:
323:. It was based in
19:
783:La Voz de Galicia
532:. Martinsa-Fadesa
302:
301:
251:
238:€2,795,754 (2011)
221:
201:
181:
155:Fernando Martín,
963:
820:
819:
817:
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794:
793:
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720:
719:
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716:
694:
688:
687:
685:
684:
669:
663:
662:
660:
659:
650:. Archived from
637:
631:
630:
628:
627:
611:
603:
597:
596:
594:
593:
587:
579:
573:
572:
570:
569:
564:on July 20, 2008
560:. Archived from
547:
541:
540:
538:
537:
531:
523:
472:asset management
368:Castile and León
298:
295:
293:
249:
237:
236:
230:
219:
217:
216:
199:
198:(€20.0 million)
197:
196:
188:Operating income
179:
111:
109:
38:Sociedad Anonima
29:
22:
18:
971:
970:
966:
965:
964:
962:
961:
960:
881:
880:
849:Bolsa de Madrid
829:
824:
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677:www.thelocal.es
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615:Financial Times
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294:.martinsafadesa
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95:Fernando Martín
78:
48:
17:
12:
11:
5:
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926:Spanish brands
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898:
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878:
869:
867:Google Finance
860:
851:
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828:
827:External links
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372:points of sale
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344:administration
300:
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265:
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218:€65.9 million
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833:Official site
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482:projects and
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161:Carlos Vela,
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813:. Retrieved
811:(in Spanish)
808:
798:
787:. Retrieved
782:
773:
762:. Retrieved
757:
748:
737:. Retrieved
735:. 2015-04-09
732:
724:
713:. Retrieved
701:
692:
681:. Retrieved
679:. 2015-03-03
676:
667:
656:. Retrieved
652:the original
645:
635:
624:. Retrieved
613:
601:
590:. Retrieved
577:
566:. Retrieved
562:the original
555:
545:
534:. Retrieved
497:
484:golf courses
469:
449:
430:
417:construction
406:
403:
376:
357:
333:
313:construction
304:
303:
257:Subsidiaries
228:Total equity
124:Headquarters
34:Company type
809:eldiario.es
494:Sponsorship
413:real estate
309:real estate
74:Hospitality
69:Real estate
885:Categories
815:2019-06-04
789:2019-06-04
764:2019-06-04
739:2019-06-04
715:2019-06-04
683:2019-06-04
658:2008-07-15
626:2008-07-15
592:2008-07-15
568:2008-07-15
536:2008-07-15
506:References
455:Operations
441:bankruptcy
411:, another
379:Portuguese
315:groups in
208:Net income
148:Key people
119:Liquidated
839:Financial
710:1134-6582
46:Traded as
876:Hoover's
620:Archived
409:Martinsa
360:A Coruña
273:Jafemafe
157:Chairman
131:A Coruña
62:Industry
758:ELMUNDO
733:Reuters
702:El País
647:Reuters
445:default
399:Romania
395:Hungary
391:Morocco
383:Morocco
364:Galicia
354:History
287:Website
270:Fercler
177:billion
175:€1.202
172:Revenue
139:, Spain
133:, Spain
106: (
101:Defunct
91:Founder
83:Founded
54::
708:
557:Forbes
437:credit
387:Saīdia
336:merged
325:Madrid
276:Inomar
250:(2007)
248:3,607
220:(2007)
200:(2007)
180:(2007)
137:Madrid
586:(PDF)
530:(PDF)
488:asset
480:hotel
476:homes
348:debts
338:with
329:Spain
317:Spain
706:ISSN
415:and
397:and
311:and
296:.com
116:Fate
108:2018
104:2018
52:BMAD
847:—
421:IPO
292:www
163:CEO
56:MTF
887::
874:—
865:—
856:—
807:.
781:.
756:.
700:.
675:.
644:.
618:.
612:.
554:.
514:^
423:.
401:.
389:,
374:.
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331:.
327:,
818:.
792:.
767:.
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718:.
686:.
661:.
629:.
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571:.
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110:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
