News

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.

07/27/2018

Turnover up by 225%

Quabit closes the first semester with a 1.1 million profit

The company starts delivery of a development with 116 dwellings and ends the year with a total of 215 units delivered

07/10/2018

Just one week after completing the purchase of a development-ready residential land portfolio in MinorcaSon Parc, on the northern coast of Minorca,

Quabit concludes new land operations to the value of 15.2 million in Madrid, Malaga and Corredor del Henares

To build 320 new units with a joint investment of 15.2 million euros.

07/03/2018

In total, almost 70,000 buildable square metres located in Son Parc, on the northern coast of Minorca

Quabit finalises the acquisition of a land portfolio in the Balearics to the value of 24.6 million for 277 dwellings and 264 hotel places

The company completes the fourth major land operation this year, following the development-ready residential land portfolios acquired during the first half of the year in Madrid, Guadalajara, el Corredor del Henares.

05/17/2018

The capital increase, a great success

Quabit completes its 63 million euro capital increase with excess demand

Almost 62 million euros, over 98% of the total, correspondes to the Preferential Subscription tranche.

05/15/2018

Following the debt releases agreed on

Quabit closes the first quarter with a 2.9 million profit

The residential portfolio totalled 2,955 units.

04/06/2018

Quabit concludes a new investment in Madrid for the sum of 7.4 million to build 125 additional dwellings

04/04/2018

The company has just signed a strategic agreement on a line of financing of up to 50 million euros with funds advised by Taconic Capital Advisors and Grupo Royal Metropolitan España

Quabit obtains new financing to expedite land acquisitions and carry out new residential developments

Línea de crédito de hasta 50 millones de euros de fondos asesorados por Taconic Capital Advisors y Grupo Royal Metropolitan España

02/28/2018

The company headed by Félix Abánades to close 2017 with a profit of 14.4 million following debt remissions and recognition of tax credits

Quabit's residential portfolio is up to 2,551 dwellings with an expected turnover of 536 million

The company now has over one million development-ready square metres under management for approximately 7,500 dwellings.
Quabit enjoys two major value levers that, between them, offer the potential to generate profits both in 2018 and the coming years: debt remissions pending (44.1 million euros) and tax credits pending recognition (137 million euros).

12/20/2017

Capital increase with the exclusion of the preferential subscription right

Quabit raises 29 million euros

The operation has been signed by Cobas Asset Management y Kairos Investment (77%).