Rafael del Valle-Iturriaga, the New President of Habitat Inmobiliaria

BARCELONA, Spain, December 22, 2015 /PRNewswire/ --

Alberto Quemada and Javier Basagoiti are the other two members to join the company's management board.  

The new Board's main objective is to draw up a new Strategic Plan to make the property development company a market leader once again.  

Habitat Inmobiliaria has just announced the composition of its new Board of Administrators. After the conclusion of the General Shareholders Meeting, which took place this week, the company confirmed the appointment of Javier Basagoiti, Alberto Quemada and Rafael del Valle-Iturriaga as members of the board, the latter will also be the president of the board. As the managing director, Bruno Figueras is still the company's top executive.

The new board members replace Leonardo Britto, Lorena Salamanca and Blanca Pilar Cabanas, whom the incoming Board have thanked for their work at the helm of the Catalan company. The previous president, Adam Chud, presented his resignation from the Presidency at the same Board meeting. He will continue to be a board member.

The news means that the new Habitat Inmobiliaria board is formed by:

• President: Rafael del Valle-Iturriaga
• Managing director: Bruno Figueras,
• Board members: Javier Basagoiti, Alberto Quemada and Adam Chud.
• Non-board member secretary: José Soria Sabaté

The new Board's primary task will now be the design and implementation of a strategic plan that will involve, in the short term, the modernization of its management model and the definitive end to the bankruptcy situation.

Simultaneously, Habitat will undertake the development and construction of new developments and the entry into a continuous process for the positive generation of the operational net margin and cashflow.

In the mid to long term, the company plans new investments in land and the construction of new developments with one clear objective: for Habitat Inmobiliaria by 2017 to once again become a market leader of international renown.

According to its estimations, the new Strategic Plan will be concluded in January.

At the same time, the company will maintain an increasing amount of development activity, an example of which is four developments of nearly 400 properties in:

• Madrid: Habitat El Juncal, 60 properties.
• Cornellà (Barcelona): Habitat Parc de Can Mercader: 53 properties.
• Madrid: Habitat Santa Eugenia, 140 properties.
• Málaga: Habitat Litoral, 144 properties.

The reshuffle of the Board of Administrators means that the property development company is taking on new challenges with a renewed perspective thanks to the contribution and participation of new investors and the firm intention of leading the recovery of the real estate sector in Spain.

The new president of the Administrative Board, Rafael del Valle-Iturriaga, has a degree in Law and Business Management and, among others, he has been a member of the boards at Gamesa and Inmobiliaria Colonial. He is currently the vice president of Rothschild España, a position he took up after time at Saarema Inversiones (Madrid), Bank of America N.A. (Madrid), Credit Agricole Indosuez (Madrid) and Union Bank of Switzerland (Madrid), among others.

The reshuffle of the Board of Administrators means that the property development company is taking on new challenges with a renewed perspective thanks to the new investors and, above all, the firm intention of leading the recovery of the real estate sector in Spain.

About Habitat Inmobiliaria  

Since its foundation in 1953, Habitat Inmobiliaria has carried out significant real estate projects, mainly residential. Throughout its history it has produced more than 60,000 properties, all of them characterised by innovation, comfort and high quality finishing.

The company has evolved and modified its structures throughout the years to respond to the current socio-economic environment and adapt its product to the various markets it operates in; in fact, in recent years it has focused on energy saving ideas for its new real estate projects. Habitat Inmobiliaria currently has offices in Madrid, Catalonia, Andalusia, the Valencian Community, Aragon, Portugal and Hungary. In the context of international business, it has carried out significant urban projects in Argentina, Chile and Ecuador.

For more information, do not hesitate to contact:
Marta Domingo / Alba Peña
Ogilvy Public Relations
+34-93-495-94-47 - +34-93-495-94-39
marta.domingo@ogilvy.com
Alba.pena@ogilvy.com

Andrés Romero
Ogilvy Public Relations
+34-91-451-21-18 / +34-696-40-49-36
andres.romero@ogilvy.com