Business · Companies · 10 hrs ago
Madrid Nuevo Norte promoter's losses rise 81% to €8.2 million in 2025
Crea Madrid Nuevo Norte, the company promoting the Madrid Nuevo Norte development, recorded a loss of €8.2 million in 2025.
That was 81% higher than its €4.5 million loss in 2024.
The company said it focused on managing land it acquired from public railway bodies in December 2024.
The purchase involved a long-term deferred payment, backed by a mortgage, that stood at €767.3 million at the end of 2025.
In May, the company repaid all its outstanding short-term bank loans.
Its shareholders also approved a €66 million cash capital increase in December; BBVA holds 75.5%, Merlin Properties 14.5% and Grupo San José 10%.
Madrid's City Council has approved the urbanisation plan for Las Tablas Oeste, allowing the first infrastructure works there to begin.
Crea Madrid Nuevo Norte reported losses of €8.2 million in 2025, up 81% from €4.5 million in 2024.
Its revenue rose 1.5% to €2.2 million, while its operating loss widened to €12.4 million from €5.4 million.
The company said it focused on urban planning for land acquired from public railway entities in December 2024.
At the end of 2025, deferred payments secured by a mortgage stood at €767.3 million.
Madrid City Council gave final approval to the urbanisation plan for Las Tablas Oeste on March 12, allowing initial urbanisation works to begin.
- Who
- Crea Madrid Nuevo Norte, the promoter of the Madrid Nuevo Norte development.
- What
- It reported losses of €8.2 million in 2025, up 81% from the previous year.
- When
- The losses were for the 2025 financial year.
- Where
- Madrid, Spain; the project includes the Las Tablas Oeste area.
- Why
- The company said it focused on managing the urban planning of land acquired in December 2024. The sources do not state a specific cause for the increased losses.
This story does not have two clearly opposing sides.
Crea Madrid Nuevo Norte acquired land from public railway entities.
The company cancelled all its outstanding short-term bank credit.
Shareholders approved a €66 million capital increase, fully subscribed in cash by the partners.
The capital increase was registered in the Commercial Register.
Madrid City Council gave final approval to the urbanisation plan for Las Tablas Oeste.
- 2025 losses
- €8.2 million
- Change in losses
- Up 81% from €4.5 million in 2024
- Revenue
- €2.2 million, up 1.5% from 2024
- Operating loss
- €12.4 million, compared with €5.4 million in 2024
- Deferred payments
- €767.3 million at the end of 2025
- Capital increase
- €66 million, approved in December 2025
Sources
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