Renta 4 | Metrovacesa (MVC) has reported weak results for Q2 25-H1 25, with figures below our estimates as a result of lower-than-expected deliveries. In this regard, Metrovacesa is proceeding with the delivery of 177 homes in Q2 2025, compared to Renta 4’s estimate of 230 homes (delivery of 423 homes in H1 2025 versus 675 in H1 2024 and versus Renta 4’s estimate of 476). The average price of…
Link Securities| The newspaper elEconomista.es reported on Tuesday that Mexican businessman Carlos Slim aspires to take control of Metrovacesa (MVC) with FCC and once he achieves this goal, one of his plans is to delist the developer from the stock market, as confirmed by various sources in the sector to elEconomista.es. This move would be strategic in order to be able to later propose a corporate operation to integrate Metrovacesa…
The board of directors of Metrovacesa has rejected the takeover bid launched by FCC, the construction company controlled by Slim, with the aim of achieving a 29% stake in the real estate developer. They consider that the offered price of 7.2 euros is not adequate. In this way, as the company has informed the Comisión Nacional del Mercado de Valores (CNMV), none of the directors owning Metrovacesa shares will accept…
Bankinter | At this point of the cycle is it more attractive to invert in real estate through traded companies than real estate assets.
The price for Metrovacesa’s return to the stock market will be in the range of €18,0/€19,5 per share, implying an initial market capitalisation of between €2.730 billion and €2.957 billion.
Testa Residencial, the socimi in which Santander, BBVA and Merlin have stakes, will today approve its merger with Acciona’s property rentals business. The operation will create a new property ‘giant’, unheard of up to now in Spain, given that it will be the first company dedicated to the home letting business.
Before the crisis, Metrovacesa was one of the five big Spanish property companies, born out of Madrid’s expansion with the construction of the underground in the first few decades of the XXth century.