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FCC ends year with the sale of over 1,800 new homes


FCC ends year with the sale of over 1,800 new homes

  • The homes are located in Tres Cantos, Madrid (1,200 homes), Sevilla (560) and elsewhere in Spain (63)
  • Revenues from the sale of homes amounted to 228 million euro in 2012, i.e. approximately 180 million euro more than in 2011


FCC ends year with the sale of over 1,800 new homes

FCC has ended 2012 by considerably boosting the sale of homes by its construction division. In the fourth quarter of the year, FCC, the Citizen Services group, sold over 1,800 homes, including almost 1,200 in the Nuevo Tres Cantos development in Madrid, 560 in Seville, and 63 in other parts of Spain. These sales provided 228 million euro in revenues: 158 million euro in Tres Cantos and 70 million euro from the other developments.

The sales in Tres Cantos were effected under an agreement with the city government under which company Gedesar has acquired 576 homes for rental with option to buy. Another 600 homes were sold to the winners of the tender held by the city government, in which there were over 3,200 bids.

FCC Construction has also sold 560 homes in a number of developments in Sevilla. These sales represent approximately 60 million euro in revenues.

Carlos García León, Head of Development and Sales at FCC Construction: "these transactions are a major achievement and provide a boost to our business. They are particularly notable given the serious economic difficulties and the steady decline in home sales in recent years."

FCC Construction's home sale revenues surged in 2012. During the year, it has sold 1,823 homes, compared with 252 in 2011, and obtained 228 million euro in revenues, i.e. 180 million euro more than last year. Additionally, the prospects for the early months of 2013 are good. FCC Construction plans to sell a new development in Tres Cantos (100 homes) as well as 100 price-controlled homes in Andalusia.

Civil Engineering Award
Early in December 2012, the AR Nuevo Tres Cantos development was named "Best Municipal Public Project" of the year by the Madrid Association of Civil Engineers. This sustainable complex is part of a development project designed to serve 30,000 new residents of Tres Cantos, and includes major work to provide access to the network of highways around the city. The AR Nuevo Tres Cantos development is a sustainable complex in itself.

Moreover, the development work contributes to enhancing living standards for current and future residents in the area. Utility diversions and site development work have been aimed at enhancing the surroundings while minimising the environmental impact; parkland has been expanded by over 50 hectares.

Experience in site development and home building
FCC Construction has engaged in site development work in several areas of Madrid and its region: Moscatelares (San Sebastián de los Reyes), PAU II, 3 Las Tablas, phases 1 and 2 of PAU II in Montecarmelo, and Parque de Valdebebas.

It also performed additional development work in the Montmar subdivision, in Castelldefels, for Barcelona City government, and the construction and development of Gran Vía and Plaza Europa in L'Hospitalet, which received the Construmat 2009 award. FCC's construction division has also built business parks in A Laracha (A Coruña) and Bobes (Asturias).