Billionaire Manuel Jové plans new residential developments.

Manuel Jové Capellán and his children Felipa and Ángel on the day of Fadesa’s IPO in 2004 (Photo from El Confidencial).

Manuel Jové, once one of Spain’s biggest property developers, is chairman of Inveravante, a private, family-owned corporation founded in Corunna in 2007. The group invests in real estate, energy, food and agricultural products.

Last month, Manuel Jové, purchased BBVA’s 30% stake in residential developer Avantespacia consolidating 100% ownership of the capital.

Avantespacia has today confirmed that it has purchased 3 plots of land and a building in Madrid, Vigo and Granollers from Spanish Bank BBVA.
The plot in Madrid has building rights for 118 flats (or 13,170m²) and is close to Atletico de Madrid’s Wanda Metropolitano stadium.

Inveravante also owns a hotel chain, Attica21 Hotels, operating a number of urban-style hotels in various cities around Spain as well as a number of four and five star hotels located abroad which are managed by leading hotel brands.

The group is also active in retail and owns Tanger City Mall, the first shopping centre in Tangier area that has been operating since 2016. Managed by CBRE, it features Tangier’s first cinema complex.

The group present in Spain, Morocco, Mexico, Brazil, Panama, Canada, Germany and Rumania and our activity generates more than 800 direct jobs.

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