Companies InbesÃ²s S.A and Bouwfonds Property Development B.V. have signed a Joint Venture contract on March 29th of this year. The collaboration establishes a company under the name âInbesÃ²s-Bouwfonds S.A.â, in order to jointly develop primary and secondary housing projects, within in the geographic area of Catalunya. The Joint Venture is based in Barcelona.
According to BouwfondsÂ´ sources, the goal in this strategic alliance is to become a leading company within the market for property development in the Catalunya area. This in cooperation with InbesÃ²s S.A., a local entity with a well-established management team and a proven company trackrecord with regard to housing developments in the mentioned area. On the other hand, according to InbesÃ²sÂ´ sources, this partnership will allow to speed up of the companyâs growth, to develop bigger projects and increase the overall turnover within the Catalan market, where it basically develops its activities.
In 2004, the Catalan company, mainly focused on housing developments, increased its results by close to 50.3%. The yield of the InbesÃ²s stock, since the start of the year has been 35,18%.