12/1/2022
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.
11/21/2022
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.
11/15/2022
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.
09/26/2022
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.
09/14/2022
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.
09/12/2022
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.
08/31/2022
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.
08/22/2022
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.
08/16/2022
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.
07/14/2022
CIVISLEND finances the largest residential real estate crowdfunding debt project in Spain.
07/07/2022
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.
06/30/2022
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.
06/27/2022
“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”.
06/06/2022
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.
05/30/2022
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’
05/09/2022
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.
05/03/2022
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.
04/28/2022
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.
04/11/2022
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.
02/28/2022
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.
02/21/2022
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’.
02/07/2022
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.
01/25/2022
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.
12/30/2021
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.
12/16/2021
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.
12/13/2021
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.
11/23/2021
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.
11/22/2021
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.
11/11/2021
The company leaves its complex in Calle Santa Cruz de Marcenado to move to the Gobelas 15 building in La Florida.
10/18/2021
Este acuerdo reconfirma el compromiso y la estabilidad del Consejo de Administración de URBAS en beneficio de todos sus accionistas
10/04/2021
In total, 180 homes out of a portfolio of 2,400 with which URBAS has positioned itself in the Basque Country.
09/30/2021
The company advances in its growth and expansion strategy focused on creating value for its shareholders and investors.
09/30/2021
Executes the photovoltaic installation of the Belvalle shopping center (Meco) with Barter Energy.
09/23/2021
Assets that were encumbered as collateral are released through the cancellation of mortgage charges.
09/22/2021
The company chaired by Juan Antonio Acedo multiplied by 12 its turnover to 85 million euros
07/26/2021
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.