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| Metrovacesa to become one of the top property European companies Spanish property giant Metrovacesa has presented its strategic plan 2008-2010. With this plan, it will become one of the top European real estate by return and efficiency. It will also reinforce its position among the property leaders in Europe, with a gross asset value (GAV) over €17,300 million. In 2010, Metrovacesa's gross asset value will reach €17,313 million, a 34.4% higher than 2007 value. This rise results from an efficient portfolio rotation and portfolio management that previews investments up to €4,065 million and divestments up to €2,375 million of non strategic assets till 2010. 90% of Metrovacesa's GAV will be property business, which will enable the company to obtain recurring revenues and reduce exposure to housing cycles. 45% of total GAV will be located in the main European economies such as UK, Germany and France. write your comments about the article :: © 2008 Construction News :: home page |