July 23, 2014 12:40 PM 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
Age: 57
Head of Finance
Head of Building & Mainteinance
Head of the Property Area
Compensation as of Fiscal Year 2014.

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.

Bankia To Reportedly Hire Advisor For Stake Sale In Metrovacesa

Bankia, S.A. (CATS:BKIA) is planning to hire a financial consultancy firm to accelerate the sale of a 19.07% stake in Metrovacesa, S.A. The transaction will not be carried out via an accelerated bookbuilding as Bankia has done with other subsidiaries, Expansion quoted unnamed sources as saying.

Metrovacesa Receives Offers For Gecina

Two funds have put in non-binding offers to acquire 26.7% stake in Gecina SA (ENXTPA:GFC) from Metrovacesa, S.A., Expansion newspaper reported. Blackstar Group SE (AIM:BLCK) and a Canadian pension fund put in an offer by a deadline on November 8, 2013, as did Predica Prevoyance Dialogue du Credit Agricole S.A. along with Orion. Metrovacesa's public relations company Report Comunicacion said the company did not have an official response to the report. No one at Blackstone and Predica was immediately available for comment.

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