• The Company
• Shareholder and Investor Info
• Examples of operations carried out
• Press room
• Available properties: Buildings...
• We buy buildings

• Business
• History
• Management Structure
• Offices
• The Team
• Social Commitment

• About the Company
• Financial Information
• Corporate Governance
• Corporate Social Responsability

• Barcelona
• Madrid
• Paris
• London
• Berlin
• New York

• Press Releases
• Corporate Image
• Photographic Material

• • Contacting the Company
  • Share capital
  • Sig. shareholdings and tre.shares
  • Issues /PO Sale and Subscription
  • Share price
  • Dividends
  • Material event
  • Presentations
  • Investor Diary
  • Articles of Association
  • Share capital increases
• • Main Figures
  • Annual Reports
  • Periodic Public Reports
• • Regulations. of the G.M.S.
  • General Meeting of Shareholders
  • Meeting notice and agenda
  • Proposals for resolutions
  • Voting by proxy
  • Paracorporate agreements
  • Board of Directors and committees
  • Board Regulations
  • Annual Corporate Governance Rep.
  • Internal Code of Conduct

Main Figures

Statement of income (*000 Eur.) 2005 2006 2007 2008 2009 2010 . Sales 320.843 590.035 529.107 244.133 360.172 58.201 Other revenue 3.258 6.172 15.765 19.736 12.257 3.020 Total revenues 324.101 596.207 544.872 263.869 372.429 61.221 Gross sales margin (1) 78.151 121.360 96.475 -68.267 -17.650 145 % growth 60% 55% -21% - 74% - Operating result (EBITDA) 53.979 77.350 57.294 -120.231 -35.360 -18.309 Consolidated pre-tax profit result (EBT) 48.741 70.918 49.455 -151.160 -68.816 -38.799 Consolidated attributable profit result 32.502 47.501 35.352 -111.532 -54.486 -84.879 % growth 63% 46% -26% - 51% -56% Total dividend 10.086 14.250 10.606 - - - Payout 31% 30% 30% - - - (PPS) - Profit per share (2) 1,48 1,90 1,41 -4,46 -2,00 -3,11 Earnings per share (2)(3) 1,48 1,97 1,42 -4,51 -2,21 -3,15 Dividend paid per share 0,46 0,57 0,42 - - - Dividend paid per share (adjusted) (2) 0,46 0,57 0,43 - - - Balance sheet Total assets 394.290 889.300 1.077.969 848.254 392.285 317.059 Current assets 392.055 881.076 995.439 711.606 328.049 299.838 Net Equity 84.994 203.899 220.614 90.808 42.180 -41.001 Ratios (%) EBITDA / Total revenues 17% 13% 11% -46% -9% -30% Consolidated attributable profit / Total revenues 10% 8% 6% -42% -15% -139% Equity / Total assets 22% 23% 20% 11% 11% -13% Operating data Number of employees at 31 December 95 115 139 102 81 75 Total investment 330.577 864.232 569.580 130.101 17.779 34.775 IFRS: International Financial Reporting Standards (1) Excludes other revenues (2) Adjusted for the share split in 2005 and the share capital increase in 2009 (3) Average weighted number of shares excluding treasury stock

We buy buildings

· In Barcelona and Madrid
· To private owners
· To companies and institutions
· To estate agents and property brokers

Available properties: Buildings, apartments and plot