Martinsa

Martinsa-Fadesa, S.A.

Type	Sociedad Anonima
Traded as	BMAD: MTF
Industry	Real estate Hospitality
Founded	Madrid, Spain (20 November 1991)
Founder	Fernando Martín
Headquarters	A Coruña, Spain Madrid, Spain
Key people	Fernando Martín, Chairman Carlos Vela, CEO
Revenue	€1.202 billion (2007)
Operating income	(€20.0 million) (2007)
Net income	€65.9 million (2007)
Total equity	€2,795,754 (2011)
Number of employees	3,607 (2007)
Subsidiaries	Construcciones Pórtico Town Planning Consultores Fercler Jafemafe Inomar Inmobiliaria Marplus
Website	www.martinsafadesa.com

Martinsa-Fadesa, S.A. was one of the main real estate and construction groups of Spain before the crash of the Spanish property bubble. It is based in Madrid, Spain.

In 2007, Promociones y Urbanizaciones Martín, S.A. (Martinsa) merged with Fadesa Inmobiliaria, S.A. (Fadesa) to create Martinsa-Fadesa. The company went in to administration on 15 July 2008 after failing to pay off debts.

Fadesa was founded at the end of the 1970s in A Coruña. It specialized in the development of great projects of protected house. In 1993, its activity outside Galicia begun, initially in Castile and León 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 points of sale.

In 1999, Fadesa expanded internationally for the first time, entering the Portuguese market, and in 2000 it opened its delegation in Morocco. At the international level, it participates in projects like the touristic resort of Saīdia, Morocco with a surface of 300,000 square meters. It is also present in a few Eastern European countries such as Hungary and Romania.

At the end of 2006 Fadesa achieved sales of €1.281 billion.

On December 14, 2007 Fadesa merged with Martinsa, another real estate and construction company, through an IPO.