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.
EXPANSIÓN (Spanish financial newspaper). Survey of opinion leaders - Post General Elections June, 26
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Quabit Inmobiliaria signs an agreement with group Porcelanosa to equip his housings
Quabit Inmobiliaria: Equity Research May 2016 (Arcano)
May16 - Quabit Q1 2016 Results
EXPANSIÓN (Spanish financial newspaper). Supplement Casas y Estilo de Vida: QUABIT LAS LOMAS. El verdadero lujo
The contra-split of Quabit will take effect tomorrow
Quabit places more than 300 new houses in the market during the coming quarter
The new trading portfolio includes houses from 85,000 Euros to more than 1.2 million Euros; from subsidized housing to luxury residential properties; and from primary residence in Madrid, Guadalajara or Barcelona, to houses in Costa del Sol.
The company will hold its General Shareholders’ Meeting on April 14
Quabit will perform a reverse split in the proportion of 1 new share per 50 former shares.
Quabit closes 2015 with profits by 21.7 million Euros
For the first time in the company’s history, Quabit Inmobiliaria expects to distribute dividends among its shareholders. Dividends will be distributed through shares.
Quabit closes 2015 with a consolidated financial structure, and a healthy equity position: indebtedness has been reduced by 31.2% and equity is positive in 105.7 million.