Inmocemento SA (IMC.MC) operates as a Spain-based holding company primarily engaged in the real estate and cement industries through its subsidiaries. Incorporated in 2024 and headquartered in Barcelona, Spain, the company conducts its activities mainly in Spain, with real estate assets in the United Kingdom, Romania, and Croatia, and cement operations extending to the United Kingdom and Tunisia. It functions as a subsidiary of Fomento de Construcciones y Contratas SA, with core operations channeled through FCYC SA (80.03% owned) for real estate and Cementos Portland Valderrivas SA (99.028% owned) for cement. In the real estate segment, Inmocemento leases and manages office buildings, commercial premises, and shopping and leisure centers; develops and operates rental housing projects; promotes and sells residential housing projects; and provides urban land management services. In the cement segment, it manufactures and markets cement, along with derivatives including concrete, mortar, aggregates, limestone, plaster, and pre-manufactured products; it also operates quarries and mineral sites. Recent developments include a March 2024 acquisition by FCYC SA of an additional 10.26% stake in Realia Business SA for 92.6 million euros; a capital increase by FCYC SA totaling 200 million euros; a November 2024 binding agreement by Cementos Portland Valderrivas, through Uniland Acquisition Corporation and partners, to sell Giant Cement Holding Inc. to Heidelberg Materials North America for approximately 600 million US dollars (enterprise value), potentially yielding 200 million US dollars net cash inflow; and a January 2025 novation by Realia Patrimonio SLU extending a 414.2 million euro syndicated loan maturity to October 2029.