Urbas real estate

Companies, Relevant News Item 17th August 2023

Urbas to receive initial €29.3m from sale of two blocks in Bilbao (€98m) after contract made public

Alphavalue/DIVACONS | The company is to receive in several instalments the nearly €98 million contract it announced last week with the British investment firm M&G Real Estate to sell it two blocks of new rental housing in Bilbao, under a “turnkey development” scheme. According to the company’s statement to the Spanish Securities and Exchange Commission (CNMV) on Wednesday, the initial payment, which will amount to 30% ( €29.3 million), will…

Markets, Spanish Small & Mid Caps 22nd February 2019

Urbas Will Build A Tourist Megacomplex in Cuba Investing 3,500 M€

After three years of negotiations with Cuban authorities, Spanish real estate Urbas has agreed to create a joint venture with CubaGolf, a company that depends on the Cuban Tourism Ministry, to build a tourism and residential complex in the Pasacaballos, to the south of the city of Cienfuegos, with a total investment of around 3.5 billion euros. The company is a classic among the small caps of the Spanish market. Year 2018 was the worst for Urbas since 2008 financial crisis outbreak.