Despite the general economic slowdown, Spain’s property sector continued to grow throughout 2001 and another good year is forecast for 2002.
Fadesa, which is 10% owned by Morgan Stanley, expects to grow as it contemplates flotation on the stock markets.
Inmobiliaria Colonial and Metrovacesa have full order books, which in the case of the latter, includes 86,000m2 of new office blocks and business parks.
Expansion, 31 January 2002, p8
