Tag Archives: Bankrupt Developers

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Fallout from Biggest Developer-Bankruptcy in Spanish History: Martinsa-Fadesa Losses Rise in 2013

Martinsa-Fadesa’s losses rose 12 per cent in 2013 compared to the previous year, the company’s latest result reveal.

Marina d'Or on the Costa Azahar, now in administration
Costa Azahar Mega-development Marina d’Or Goes into Administration

The eye-watering Marina d’Or mega-development on the Costa Azahar, in Castellón Province (Valencian Community) has gone into voluntary administration in the latest sign that the…

Spanish developer Llanera to be closed down

One of the poster children of the Spanish property boom will be liquidated after almost six years of trying to stave off the inevitable, leaving…

Spanish developer Renta Corporacion goes under

Another one bites the dust: Barcelona-based developer Renta Corporación has followed Reyal Urbis into the arms of court-appointed administrators, whilst a respected industry insider predicts…

Torrevieja real estate company Torrevisa-Masa International seeks protection from creditors

The Torrevieja-based real estate developer and agency Torrevisa-Masa International, better known to overseas buyers as Masa International, is reported to have sought court administration to…

Developer Nozar seeks protection from creditors

The Spanish developer Nozar has sought court protection from its creditors after it failed to reach a deal with its banks over restructuring 700 million…

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