THE TELEGRAPH

Out of the rough, Quabit aims to resume its position among the frontrunners in the property sector

Increasing the company’s capital and restructuring its debt was key to getting it back in the game with a clean slate. “2015 was very important for us,” says Félix Abánades, CEO. “We managed to come to an agreement to restructure the remaining debt which has fallen significantly to €200 million. After that, Quabit managed with success a €45 million capital increase to continue accelerating it’s growth and development. The company now has a consolidated financial base, healthy assets, an expert team and more than 20 years of experience to help drive it forward.