Fadesa
| Sociedad Anónima | |
| Traded as | BMAD: FAD |
| Industry | Real estate |
| Fate | Acquired by Martinsa |
| Successor | Martinsa Fadesa |
| Founded | A Coruña, Spain (24 July 1980) |
| Founder | Manuel Jove |
| Defunct | 17 December 2007 |
| Headquarters | A Coruña, Spain |
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Area served
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Spain, Portugal, Morocco, Hungary, Poland |
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Key people
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Fadesa Inmobiliaria, S.A. was a Spanish real estate company.
In 2007, the company was the subject of a friendly takeover by rival Martinsa resulting in the creation of Martinsa-Fadesa.
History
Fadesa was established on 24 July 1980 by Manuel Jove as Edificaciones Coruñesas, S.A..[1] 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..
At the height of the Spanish property bubble - on 30 April 2004 - Fadesa floated 33% of its capital on the Madrid Stock Exchange with the company valued between 1.2 and 1.4 billion euros.[2]
Sponsorship
From 2001 to 2008 Fadesa was the shirt sponsor of the Spanish football club Deportivo de La Coruña. They also sponsored Intervíu Fadesa (futsal), Ayamonte CF (football) and Ceuta-Fadesa (sailing).
