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Foto Ampliación PN

05/16/2019

2018-2022 Business Plan update

Quabit maintains its goal of reaching its cruise speed in year 2022 with the delivery of 2,700 home units on an annual basis, and exceeding Euro 600 million of annual turnover and Euro 70 million of annual EBITDA

The Company’s plans include reaching recurring positive operational results from the last quarter of this year. The 2020 financial year should be the first one with operational profits.

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Foto Bono

03/28/2019

Funds earmarked for financing new projects

Quabit places a 4-year bond in the sum of 20 million euros

This successful placement is a sound endorsement of the company’s strategy and confirms the investor interest and market trust in Quabit and its management capabilities.

This issuance, with a 4-year maturity, bears an 8.25% coupon payable annually. This has enabled the property group to significantly enhance the financial conditions and cost of its debt, which will in turn translate into increased company profits and value generation for its shareholders.

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Foto NP Menorca 3

02/28/2019

2018 RESULTS

Quabit closes 2018 with a net profit of 6.8 million

Turnover grew by 596% to 39.7 million euros due to the significant increase in home delivery (190 compared to 6 in the previous period).

Quabit's residential portfolio consisted of 55 developments with 4,031 dwellings in different phases of construction, with an expected turnover of 839 million.

Since its growth plan began in 2017, the company has invested 186 million in residential land to build almost 4,800 units. 

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Miniatura

12/27/2018

QUABIT'S FIRST OPERATION IN VALENCIA

QUABIT to acquire a 6,500 square metre development-ready plot for a new development housing 53 dwellings

The company is to open a new Branch Office in Valencia to head up its growth and expansion in Levante.

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Miniatura

12/13/2018

The Mayor of Mijas, Juan Carlos Maldonado and the Chairman of the developer, Félix Abánades, place the first stone of the development “El Lagar de Quabit”

Quabit to commence the construction of 79 dwellings in Mijas–Malaga

This residential development forms part of “Quabit vivienda joven”, an original campaign with discounts on the final price to allow future buyers to find a home and become independent.

Nearly 20% of Quabit’s land portfolio is located precisely in Malaga and on Costa del Sol where it is currently developing almost 1,300 units in 18 residential developments. 

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Miniatura

11/30/2018

On the northern coast of Minorca

Quabit launches the marketing phase of Nature Son Parc

In total, 75 independent chalets intended both for national and foreign clients and, among the latter, chiefly English and French.

Its owners, the only members of the “The 40-4 Club”, will have exclusive access to the “Relax Circle”, “Water Place”, “Gastrobar”, “Sports House” and many other amenities and additional facilities such as the jacuzzi areas, chill-out area or the gardens with elderberries, lavender, rosemary, thyme and broom.

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Miniatura

11/15/2018

9M 2018 RESULTS

Quabit closes the year's third quarter with net profit of 1.1 million euros

At 30 September, its residential portfolio totals 3,724 dwellings with an estimated turnover of 774 million euros. Since its growth plan started on 2017, Quabit has invested almost 200 million in residential land for the construction of 4,821 dwellings, which, together with land in portfolio, signifies sufficient land to reach over 75% of the targets of its Business Plan.

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Miniatura

11/09/2018

The company acquired a development-ready, residential land portfolio in Son Parc, on the northern coast of Menorca, with a development potential of 69,350 square metres for the construction of 277 new units and 264 hotel places

Quabit Inmobiliaria, main sponsor of Club Esportiu Mercadal

Javier M. Prieto, General Manager of Quabit, and the president of CE MERCADAL, Francisco Salord, signed the sponsorship of the club for the 2018/19 season in the presence of the Mayor, Francisco Ametller.

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Miniatura

10/29/2018

Following the latest investments in residential land in Madrid, Menorca, Malaga and Guadalajara

Quabit acquires a further 8,500 square metre development-ready plot in Madrid to develop 85 new dwellings

In Valdemoro (Madrid), with an expected turnover of 17 million.

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Miniatura

09/26/2018

For the high-rise developments Quabit is building in the residential estate “Quabit Las Suertes”, next to Azuqueca de Henares

Quabit launches “QUABIT Vivienda JOVEN”, an original campaign with discounts of up to 10,000 euros on the final price

In addition, the company offers “QUABIT Family Insurance” free of charge to protect home payments as from the moment of signing the deed of sale through to the end of the payment schedule for delivering the keys; in the event of unemployment, temporary disability, hospitalisation due to an accident, death or permanent, absolute disability.

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