Rahul Sharma (Editor)

Fadesa

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Former type
  
Sociedad Anónima

Industry
  
Real estate

Headquarters
  
A Coruña

Founded
  
1980

Defunct
  
17 December 2007

Traded as
  
BMAD: FAD

Fate
  
Acquired by Martinsa

Founder
  
Manuel Jove

Successor
  
Martinsa-Fadesa

Fadesa httpspbstwimgcomprofileimages57826191fade

Area served
  
Spain, Portugal, Morocco, Hungary, Poland

Key people
  
Manuel Jove, Chairman Antonio de la Morena Pardo, CEO

Fadesa saidia


Fadesa Inmobiliaria, S.A. was a Spanish real estate company.

Contents

In 2007, the company was the subject of a friendly takeover by rival Martinsa resulting in the creation of Martinsa-Fadesa.

Fadesa


History

Fadesa was established on 24 July 1980 by Manuel Jove as Edificaciones Coruñesas, S.A.. On the 31 October 1997, Edificaciones Coruñesas bought Urbanizador Inmobiliaria Fadese, S.A.U., Indelar S.A.U., and Coditecsa, S.L.U. adopting the corporate name of one of these companies - Urbanizadora Inmobiliaria Fadese, S.A. (Fadesa). On 23 April 1999 Urbanizadora Inmobiliaria Fadese changed their name to Fadesa Inmobiliaria, S.A..

At the height of the Spanish property bubble - on 30 April 2004 - Fadesa floated 33% of its capital on the Madrid Stock Exchange with the company valued between 1.2 and 1.4 billion euros.

Sponsorship

From 2001 to 2008 Fadesa was the shirt sponsor of the Spanish football club Deportivo de La Coruña. They also sponsored Intervíu Fadesa (futsal), Ayamonte CF (football) and Ceuta-Fadesa (sailing).

References

Fadesa Wikipedia