- CEO
- Jorge Pérez de Leza Eguiguren
- Full Time Employees
- 191
- Sector
- Finance
- Industry
- Real estate development
- Address
- Puerto de Somport, 21-23 Madrid MA Spain 28050
- IPO Date
- Feb 5, 2018
- Business
- Metrovacesa S.A. is a Spain-based real estate development company specializing in the construction, development, and sale of sustainable residential housing including single-family and multi-family properties, as well as commercial premises and land sales. The company’s core products and services encompass residential property development and sales, real estate promotion, urbanization, parceling of land, and real estate management both for its own portfolio and on behalf of third parties. It holds an extensive asset portfolio with over 6 million square meters of building land across Spain and developed properties in key cities including Madrid, Barcelona, Malaga, Almeria, and Cordoba. Metrovacesa operates primarily in the Spanish market, targeting residential and commercial real estate sectors.
Founded in 1918 and headquartered in Madrid, Metrovacesa has recently advanced its land portfolio rotation and optimization strategy, including significant land sales amounting to approximately 69.7 million euros and acquisitions totaling 62.4 million euros in strategic locations during 2024. The company has secured binding private contracts for future land sales worth 98.5 million euros to be realized between 2025 and 2026, reflecting a 140% increase compared to 2023. Metrovacesa has also enhanced its Environmental, Social, and Governance (ESG) strategy for 2025-2027, committing to launching all new developments with AA-level energy certification and energy consumption targets 10% below the Nearly Zero Energy Buildings (NZEB) standard. This includes ongoing improvements in construction process efficiency, circular economy practices, and leadership in sustainable urban development. Furthermore, Metrovacesa formed a recent strategic partnership with Exlabesa to incorporate windows made from 100% post-consumer recycled aluminum in its developments, underlining its commitment to decarbonization and sustainability.
The company is listed on the Spanish stock exchange (Ticker: MVC.MC) and employs over 200 people. Its leadership team includes Jorge de Leza Eguiguren as Chief Executive Officer. Metrovacesa’s recent operational focus includes prioritizing pricing over volume to maximize profitability amid favorable market demand conditions in key urban areas such as Madrid, Barcelona, and Valencia. The company continues to deliver a strong pipeline of residential units, with nearly 2,000 homes delivered in 2024 and anticipated continued growth in housing supply and revenue generation. These strategic initiatives reinforce Metrovacesa’s position as a leading real estate developer in Spain’s residential and commercial property markets.