URBAS buys assets of the Silos Group, parent company of Silos Córdoba, and hires part of its workforce
This operation is an alternative for the maintenance of a large part of the employment, the continuity of the activity and the viability of the business after the unsuccessful conclusion of the sale process of the Silos Córdoba Production Unit -in insolvency proceedings since January 2021- and which has led to the liquidation of the company and the collective dismissal of all its workers. Following the acquisition, new contracts have already been signed and will soon be executed in Portugal, Germany and Sri Lanka.
It purchases the Bolivian branch of the Swiss-German company Molinari, URBAS’ partner in the construction of the Cochabamba Train, and remains as the sole construction company for this mega rail project. At the same time, URBAS has held meetings and is in advanced talks to propose another turnkey contract with financing, with a high probability of being awarded directly, for the construction of the new “Metropolitan Train of Santa Cruz” budgeted at more than 1 billion dollars.
The Mula deposit is a great industrial opportunity for URBAS and will also mean the creation of more than 100 direct and indirect jobs. This quarry will be integrated in the group’s Industry area together with the Silán exploitation (Lugo), the feldspar mine with reserves worth 660 million euros, which already has all the permits from the Xunta de Galicia. URBAS’ experience in large infrastructure projects and its international positioning will strengthen the quarry’s export capacity in markets such as LATAM and the Middle East.
URBAS has signed an agreement with AECOM – a leading international engineering, architecture and sustainability company – to develop green hydrogen, green ammonia and sustainable fuels projects that support the global energy transition. Through this agreement, URBAS and AECOM position themselves as strategic partners to identify joint business opportunities and offer competitive integrated solutions on an international scale in hydrogen production and transformation projects, and the generation of synthetic and sustainable fuels, with a special focus on green methanol projects in Spain
URBAS continues to grow in revenue and boosts turnover to 305 million euros, 50% more than sales a year ago. This record figure is supported by improved operating and financial efficiency generated by synergies from new acquisitions, cost optimization and the expansion of the business perimeter. URBAS’ strategy of orderly and sustainable growth is accelerating the company’s expansion and also explains the significant growth in revenues to bring EBITDA to €41 million, standing at 14% over revenues, and 58% higher than the EBITDA achieved in 2021. All this reflects the stable and operational growth of the group’s businesses, confirming the profitability of URBAS, the generation of value and the synergies achieved throughout 2022.
URBAS has been qualified by the Saudi National Housing Company to develop projects of between 500 and 1,500 homes. At the same time, it is making progress in the joint venture created with ARKAL, the construction company of HRH Prince Sultan Sultan bin Abdullah bin Abdulaziz Al Saud, to develop mega infrastructure projects.
With this program, the company reinforces its inorganic growth potential to make new acquisitions towards companies that generate synergies with its main activities. At the same time, URBAS will increase working capital, lower the cost of its debt and strengthen its investment and expansion capacity.
The Xunta de Galicia approves the opening of the Silán deposit, in Lugo, with proven reserves of 12 million tons valued at 660 million euros. The initial forecast is to extract around 200,000 tons of feldspar per year, rising to 500,000 tons per year. The feldspar, once processed and refined, could reach a market price of 130 €/ton.
URBAS has entered the Ibex Small Cap, the index prepared by Bolsas y Mercados Españoles, which brings together the 30 most outstanding listed companies with smaller capitalization and greater liquidity, immediately after the Ibex Medium Cap and the Ibex 35.
“We are frankly very pleased,” explains Juan Antonio Acedo, Chairman of URBAS, “I always stress that our goal is to reach 2025 in IBEX 35 numbers, and now joining the Ibex Small Cap is undoubtedly an important step in that journey, which will surely strengthen the visibility and monitoring of our stock”.
British multinational ATOME ENERGY chooses URBAS as FEED (Front-end engineering design) consultant for its new Villeta plant in Paraguay. This plant will become the largest green hydrogen and ammonia facility in Latin America based on 100% renewable energy. It will have an installed capacity of 120 MW for the daily production of 50 tons of hydrogen and 300 tons of ammonia in liquid form, ready to be transported and commercialized.
URBAS advances in the urban development management of the West Sector and has already commercialized half of its surface area
The SUS-AE1 development in Meco takes the lead in the Corredor del Henares. It is the only pocket of developable land of a logistic industrial nature in Meco with approved planning. Urbas sells a package of land in the West sector for 25.5 million euros to an investment fund.
With the approval of the regulator, new shares from the latest capital increases will be traded tomorrow for a value of 89 million euros. These capital increases will strengthen URBAS’ equity and financial structure, consolidate and reinforce its balance sheet structure, improve its financial ratios and cancel non-bank liabilities for a total amount of 112 million euros. In addition, the company’s liquidity in the stock market increased.
Orderly growth strategy accelerates the company’s expansion: doubles revenues and reaches an EBITDA of 26 million euros. The listed company closes the first six months of the year with a profit of 17 million euros. The total asset value of the balance sheet stands at 1,176 million euros. The working capital improved by 14% to 533 million euros, which guarantees the financial stability and solvency of URBAS.
URBAS inaugurates with the President of Bolivia, Luis Arce, the country’s first electric train, a mega railroad project built with high technology.
Bolivia inaugurates the country’s first electric train and one of its largest infrastructures, the ‘Cochabamba Metropolitan Train’. The construction of this megaproject, with a budget of almost 450 million dollars, consolidates URBAS as a reference in advanced and sustainable infrastructures, also in high railway technology on an international scale.
URBAS, through one of its construction companies, MURIAS, has been awarded the contract for the construction of the new Ikerbasque research center in Donostia-San Sebastian, Basque Foundation for Science, with a budget of 11.5 million euros. The 6,000 square meter center will be built over a period of two years and the works are expected to start before the end of the year.
Urbas acquires CHR, one of the largest developers in Castilla y León, and improves its delivery forecast to 2025
The listed company accelerates its growth and adds to its current portfolio 1,000 more homes under construction with sales of almost 200 million euros. In this sense, the forecasts of URBAS’ business plan -which pointed to the delivery of 3,000 homes by 2024- are consolidated and even improved, increasing to more than 4,000 homes delivered by 2025.
Signs an agreement with ARKAL CONTRACTING COMPANY, a Saudi Arabian construction company, to set up a joint venture and develop the mega infrastructure projects of the ‘Vision 2030’ program with which Saudi Arabia wants to boost its economy and attract around 400,000 million euros in investments.
URBAS acquires INGESER Group and strengthens its position as a global player specializing also in engineering and architecture
It currently has more than 120 projects under execution whose management exceeds 250 million euros of investment, and a team of about 70 professionals distributed in four offices in Spain, Madrid, Barcelona, Seville and Valencia.
URBAS obtains 3.7 million euros for its new development in Isla Zorrozaurre, the ‘Manhattan of Bilbao’
CIVISLEND finances the largest residential real estate crowdfunding debt project in Spain.
Urbas builds ‘Benidorm Beach’, one of the tallest skyscrapers in the city with a contract of nearly 28 million
A 36-story, 126-meter glass tower that will also have the highest residential swimming pool in Spain, 80 meters above the ground. URBAS is building this new-generation skyscraper for the developer Alibuilding through ECISA, one of its construction companies, a specialist in high-rise construction on a national and international scale.
Urbas plans to double its revenues in 2022, to 400 million euros, driven by the execution of the real estate and infrastructure portfolio and by its commitment to growth in the international business.
Juan Antonio Acedo: “We expect to have subscribed share capital of around 500 million euros before the end of the year”.
“Right now we have a subscribed capital of 437 million euros […] and we expect to have approximately 500 million subscribed capital stock before the end of the year. All this in order to continue strengthening the company’s balance sheet”.
The objective is to reinforce the group’s globalisation process, increase URBAS’ competitiveness on an international scale and broaden its projection in its strategic regions, especially in LATAM, the Middle East and Africa.
URBAS consolidates its position as a reference in advanced and sustainable hospital infrastructures, such as the Multipurpose Centre of the ‘Isabel Zendal Hospital’ in Madrid or the ‘New Onkologico’ in San Sebastián’
URBAS acquires 90% of Fortia Healthcare and positions itself in the Senior segment with a potential pipeline of up to 5,000 bedplaces
URBAS has launched a new business area to develop residential and social healthcare centers in Spain focused on the senior segment. The goal is to reach 2,000 places in operation by 2025 and 5,000 by 2030.
URBAS shoots up results in 2021, quintupling profits to €66 M, representing an increase of more than 400%. Turnover has reached more than €200 M and EBITDA €26 M.
URBAS obtains more than €20 M in treasury stock and creates treasury stock for 3.68% of its share capital
Urbas obtains 1.6 billion of its own shares under management, representing approximately 3.68% of its share capital. The company holds more than €20 M worth of treasury stock: “Positive news for the market, exceeding even the 0.8% average of treasury stock held by Ibex 35 companies,” emphasizes Juan Antonio Acedo, Chairman.
URBAS, through the joint venture formed by two of its construction companies, ECISA and MURIAS, has carried out the interior design works of the new corporate headquarters of Metro de Madrid, with a budget of more than 4 million euros.
Following the consolidation of the new acquisitions and the expansion of the business perimeter, URBAS confirms in 2021 the achievement of positive results with profits of €66 M, a turnover of more than 200 M€ and an EBITDA of €26 M. Working Capital improved by 65% to almost €500 M.
Urbas reinforces its management team and makes progress in the execution of the 2021-2024 Business Plan
Urbas signs Rafael Valenzuela to head the ‘Energy and Industry’ area and Daniel Navalón to head the ‘Infrastructures and Building’ area. Both join the business team led by Juan Antonio Acedo, Chairman of the company, and which is completed by Javier Prieto in the General Management of ‘Real Estate Development’.
URBAS is currently executing works globally worth 511 million euros, almost 30% of which is outside Spain. Latin America accounts for 65% of its international portfolio with significant projects underway in Panama, Colombia and Bolivia. In addition to LATAM, URBAS is also very competitively positioned in Portugal, Algeria and the United Arab Emirates.
URBAS signs strategic agreement with Care Property Invest to develop ‘turnkey’ care homes with a potential value of 140 million euros
URBAS enters and diversifies its activity in the segment of residences for the elderly, one of the assets with the greatest long-term growth potential in Spain. It will be responsible for the real estate development of the projects through the acquisition of the land, the construction and the complete execution of the turnkey projects that will be acquired by CPI through an additional agreement for their subsequent commissioning.
URBAS acquires ‘Alandulus’ and increases its position in the build-to-rent market with more than 1,100 homes and estimated revenues of 200 million euros
URBAS thus improves the forecasts detailed in its Business Plan for build-to-rent housing by 45%. The company is is currently negotiating with several investment funds specialising in rental housing the sale of 50% of its total build-to-rent portfolio for a value of more than 100 million euros.
J.A. Acedo, CEO of Urbas: “The objective is to
have a turnover of 1,000 M€ in 2025″.
Juan Antonio Acedo, CEO of URBAS, presents its Business Plan to 2024, which includes major objectives such as reaching 826 million euros in 2024, multiplying by almost four times its turnover. He also details the plan for the distribution of dividends and what they expect from their new line of business in the world of renewable energies and self-consumption.
Urrutia, URBAS’s construction company, builds the tallest residential building in the Basque Country with a contract worth 36 million euros
The growth in the Garellano area, one of the areas of Bilbao that has undergone the greatest renovation in the new urban redevelopment of the city.
The growth in turnover, the improvement in operating margin and a greater generation of free cash flow forecast the upward projection of URBAS, which is now in a solid position to drive forward its Business Plan. By 2025, it expects to reach a capitalisation of more than 2,000 million euros, more than 1,000 million euros in turnover and an EBITDA of almost 150 million euros.
Quamtium Venture indirectly holds 20.77% of the capital of URBAS and is controlled by its Chairman, Juan Antonio Acedo. Al Alfia Holding, owned by the Qatari royal family, took a significant stake in URBAS (4.85%) after the purchase of Ecisa.
The company leaves its complex in Calle Santa Cruz de Marcenado to move to the Gobelas 15 building in La Florida.
Este acuerdo reconfirma el compromiso y la estabilidad del Consejo de Administración de URBAS en beneficio de todos sus accionistas
URBAS starts marketing its first two residential developments in the Basque market after acquiring Jaureguizar
In total, 180 homes out of a portfolio of 2,400 with which URBAS has positioned itself in the Basque Country.
URBAS acquires the developer-builder Jaureguizar and positions itself in the Basque market with a portfolio of 2,400 homes
The company advances in its growth and expansion strategy focused on creating value for its shareholders and investors.
Executes the photovoltaic installation of the Belvalle shopping center (Meco) with Barter Energy.
Assets that were encumbered as collateral are released through the cancellation of mortgage charges.
The company chaired by Juan Antonio Acedo multiplied by 12 its turnover to 85 million euros
Juan Antonio Acedo has managed to create a construction group with an aggregate portfolio of 1,168 million euros, which also allows synergies with real estate development, photovoltaic self-consumption, energy efficiency and mining.