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Our History

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Félix Abánades, the Chairman and controlling shareholder through Grupo Rayet, leads the company. Abánades played a fundamental role in the creation of Quabit Inmobiliaria.

Together with his current management team, he brings extensive experience in land acquisition and development to the company as well as the promotion and sale of all kinds of real estate products. Félix Abánades has converted his business groups into one of the key real estate conglomerates in Spain.

  • 1992

    Buy Rayet Construcción.Buys insolvent company Rayet Construcción, a Guadalajara-based building company. He brings the company back afloat and converts the company, in just a few years, into a regional and national industry leader that carried out building, public works and rehabilitation projects.

  • 1994

    Creates Rayet Promoción to increase construction activity. Despite the deep crisis suffered by the real estate industry in Spain, the company quickly positions itself as a very active agent in real estate development, land management and wealth. It experienced exponential growth during the following years.

  • 2002

    After an ambitious diversification process, Abánades increased the areas of activity and brought together all companies into Grupo Rayet. This consolidated business holding works in the fields of Construction (Rayet Construcción), Real Estate Development (Rayet Promoción), Hotels (Rayet Hoteles), services, concessions and the environment (Rayet Medio Ambiente) and Journalism (Rayet Comunicación).

  • 2006

    Abánades anticipates the end of the real estate cycle at the end of this year.He makes the strategic decision to divest in Rayet Promoción and sell its real estate division to Astroc for € 648 million while simultaneously buying a 5% stake in this company.

  • 2007

    Due to incompliance with the agreements acquired by Astroc.And at the request of financial entities with the highest risk in the company (debt exceeded €1.5 billion), Félix Abánades takes over the company management and assumes control over the Board of Directors.

  • 2008

    He leads the largest merger in the Spanish real estate industry with the creation of Afirma Grupo Inmobiliario. This listed company is the direct result of merging Rayet Promoción, Landscape, Astroc and 16 other companies together.

  • 2010

    The company changes its name to Quabit Inmobiliaria .And successfully integrates all merged companies together under one name, combining skills, resources and assets from each of them.

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