Fadesa
| Company type | Sociedad Anónima |
|---|---|
| BMAD: FAD | |
| Industry | Real estate |
| Founded | A Coruña, Spain (24 July 1980) |
| Founder | Manuel Jove |
| Defunct | 17 December 2007 |
| Fate | Acquired by Martinsa |
| Successor | Martinsa Fadesa |
| Headquarters | A Coruña , Spain |
Area served | Spain, Portugal, Morocco, Hungary, Poland |
Key people |
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Fadesa Inmobiliaria, S.A. was one of the biggest housebuilders of Spain.
In 2007, the company was the subject of a friendly takeover by rival Martinsa for 4 billion euros. resulting in the creation of Martinsa-Fadesa. Only a year later, in July 2008 and during the 2008 financial crisis, the company went into administration, with a debt above 5.2 billion. In 2015, a liquidation plan was approved, when the company's debt reached 7 billion and it's equity was -6.5 billion.