Fadesa
Spanish real estate company
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 its equity was -6.5 billion.
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. That year the company reported sales of 135 million euros and profits of 13.7 million, becoming the 5th largest developer of Spain, below bank-owned Urbis, Metrovacesa or Colonial, but above private competitors Prasa, Procisa and Barada.
On 30 April 2004 at the height of the Spanish property bubble, Fadesa floated 33% of its capital on the Madrid Stock Exchange with the company valued between 1.2 and 1.4 billion euros.
In 2006, year before Martinsa's takeover, Fadesa reported sales of 1.3 billion euros, an EBITDA of 360 million and a profit after tax of 230 million euros.
Sponsorship
From 2001 to 2008 Fadesa was the shirt sponsor of the Spanish football club Deportivo de La Coruña.
Begin with the source’s own compact description: “Fadesa” is spanish real estate company. The dossier treats that line as a proposition to test through Fadesa, Spanish and real, not as a finished interpretation.
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The phrase “spanish real estate company” supplies a clear boundary for inquiry. It also exposes the unanswered questions: who defined that boundary, when it became stable and which sources sit outside it.
Place names and jurisdictional language are key evidence: both can reveal earlier catalogue descriptions and overlooked record series. The source revision retrieved here is dated Jun 27, 2026. The linked authority identifier is Q1391894. VIAF identifies the subject as 309570685. 2 of 3 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2007, 2008, 2015 and 1980.
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This entry incorporates text from “Fadesa” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.