Fernando Martín, president of the Spanish developer Martinsa-Fadesa, was paid 3.5 million Euros last year by the company he lead into Spain’s biggest ever corporate._.
Fadesa, Spain’s biggest house builder by assets, is the latest casualty of the Spanish property market crash. The company was forced yesterday to seek protection._.
Trading in Fadesa’s shares have been suspended this morning after falling 27% in the first hour of trading on the Madrid stock exchange. Martinsa-Fadesa’s shares._.
Martinsa-Fadesa, the biggest developer of private housing in Spain, and one of the biggest players in the holiday home sector, is today struggling to avoid._.
Further evidence of Spain’s property downturn can be found in the first quarter results of Spain’s largest developers and constructors, not to mention the downsizing._.
The downturn in the Spanish property market is forcing developers to adopt creative solutions to off load their stock of unsold properties. In some cases._.