Now is the right time to think about the future
We are building innovative and sustainable properties:
unique and welcoming homes.

Spain Building, Madrid
100 years of history
1918. Metrovacesa is founded.
1953. Construction of Spain Building
1955. Construction of Madrid Tower
2005. International expansion
2009. Banks main shareholders
2016-2017. Contribution of assets valued at 1.097 billion euros
2018. Return to the stock market
2019-2023. 522 M distributed in dividends

Operating in 31 provinces
Start a new life in a home designed for you, built to meet your expectations: a high standard of living, a great location and quality materials and processes that respect the environment.
A unique opportunity
We have Spain’s largest land banking portfolio with no land purchase required and high visibility for medium and long-term margins.
Our active management of our portfolio of high quality land under development is another source of value creation.
Quality tertiary use land as an extra source of profits and returns to stockholders.
A well-established company.
Our values

We create spaces that improve people's lives

We build responsibly and with a vision for the future.

We innovate to lead change

Talent is our driving force

We act with integrity and transparency.

Our commitment
Commercial information and documentation whenever you need it.
Personal advisor throughout the entire purchase process.
Homes with high sustainability standards.
Remote and digital home purchase.
Customer portal with information and news.
Homes monitored during the construction process.
Accompaniment on your first visit.
Documentation and utility registration upon key handover.
Solution to finishing issues during the warranty year.
We listen to you at all times to improve every day.
Metrovacesa by your side at all times.
Team
Members of the BoD

Ignacio Moreno Martínez
Chairman
President - Mr. Ignacio Moreno holds a degree in Economics and Business Administration from the University of Bilbao and a Master’s in Business Administration (MBA)...
Ignacio Moreno Martínez


Mariano Olmeda Sarrión
Vice-chairman
Nominee - Mr. Mariano Olmeda began his professional career at Arthur Andersen where he remained for almost six years. He has been Deputy General Manager...
Mariano Olmeda Sarrión

Mr. Mariano Olmeda began his professional career at Arthur Andersen where he remained for almost six years. He has been Deputy General Manager of Banco Santander in the Santander Global Banking & Markets division.
Over the last 30 years, he has been responsible for the global CREDIT area, which mainly includes Structure Finance, Bonds and Syndicated Loans. Subsequently, he was responsible for Spain and Portugal for CIB (Corporate & Investment Banking). In the last years of his time at Banco Santander he was responsible for Global Credit Watch (Restructuring). Mr. Olmeda is currently a member of the Board of Directors of INFORMA D&B. He is also a member of the Advisory Board of ITHAKA TPG (Texas Pacific Group). Mr. Olmeda holds a degree in Economics and Business Administration from the Complutense University of Madrid and a PDG from IESE.

Jorge Pérez de Leza Eguiguren
CEO
Executive - Mr. Jorge Pérez de Leza has been CEO of Metrovacesa since 2016. Metrovacesa is one of the leading real estate companies in Spain,...
Jorge Pérez de Leza Eguiguren

Mr. Jorge Pérez de Leza has been CEO of Metrovacesa since 2016. Metrovacesa is one of the leading real estate companies in Spain, with more than €2.5 billion of assets under management and one of the most valued and attractive land banks in the country. He joined Metrovacesa to reorganise the company and relaunch its development activity after the economic crisis in Spain, leading the company's IPO in 2018.
Prior to his appointment as Chief Executive Officer of the Company, Mr. Pérez de Leza was Managing Director for Europe at Grupo Lar from April 2005 to November 2016, Managing Director of European Operations at Excite @ Home from September 1998 to December 2005 and worked at Boston Consulting Group from September 1991 to September 1998. In addition, Mr. Pérez de Leza is a member of the Harvard Real Estate Alumni Association and an Associate Professor in the Master in Real Estate Development at IE University. He is also President of the Fundación Deporte y Desafío. Mr. Pérez de Leza holds a degree in Industrial Engineering from ICAI University (Madrid) and an MBA in General Management from Harvard Business School.

Javier García-Carranza Benjumea
Director
Nominee - Mr. Javier García-Carranza is currently Senior Executive Vice President of Banco Santander Group, responsible for Special Projects, Industrial Holdings, Investment Platforms and Restructuring....
Javier García-Carranza Benjumea

Mr. Javier García-Carranza is currently Senior Executive Vice President of Banco Santander Group, responsible for Special Projects, Industrial Holdings, Investment Platforms and Restructuring. Prior to joining Banco Santander in February 2016, he worked at Morgan Stanley in London as Co-Head of Real Estate Investment Banking in EMEA (Europe, Middle East and Africa).
Mr. Javier is currently Chairman of the Board of Directors of Merlin Properties SOCIMI, S.A. and member of the Board of Directors of Landcompany 2020 S.L., among other companies Mr. García-Carranza holds a degree in Business Administration from Universidad Carlos III de Madrid.

Carlos Manzano Cuesta
Vice-chairman
Nominee - Mr. Carlos Manzano is currently Head of the Investee area within the Restructuring, Investee, Assets, Recovery Strategy and Loan and Asset Divestment department...
Carlos Manzano Cuesta


Ana Bolado Valle
Director
Nominee - Ms. Ana Bolado has more than 31 years of management experience within the Santander Group, where she has been Corporate Director of Strategy...
Ana Bolado Valle

Ms. Ana Bolado has more than 31 years of management experience within the Santander Group, where she has been Corporate Director of Strategy and Digital Business at Santander Universities, Director of Commercial Strategy and Business Development in Commercial Banking in Spain and member of the Management Committee of Banco Santander Spain.
Ms Bolado is currently an Independent Director of Inmobiliaria Colonial, S.A. (where she chairs the Appointments and Remuneration Committee and is a member of the Sustainability and Audit Committees) and of CACEIS and CACEIS BANK (based in France) dedicated to the Custody and Depository of Securities, where she is also a member of the Strategy, Audit, Risk and Compliance and Appointments and Remuneration Committees. She holds a degree in Pharmacy from the Complutense University of Madrid and an MBA from IE Business School (IE).

Cesáreo Rey-Baltar Oramas
Director
Nominee - Mr. Cesáreo Rey-Baltaris is currently Director of Real Estate Investees at BBVA. Mr. Rey-Baltar has also held the position of Director of Industrial...
Cesáreo Rey-Baltar Oramas

Mr. Cesáreo Rey-Baltaris is currently Director of Real Estate Investees at BBVA. Mr. Rey-Baltar has also held the position of Director of Industrial Investees and Head of e-Business projects at BBVA. Prior to joining BBVA in 1999, Mr. Rey-Baltar worked at Banco Generale (now BNP Paribas).
He is currently a member of the Board of Directors of Crea Madrid Nuevo Norte, S.A., among other companies. Mr. Rey-Baltar holds a degree in Business Administration and Insurance Actuary from the University of the Basque Country and an MBA from IE Business School (IE).

Enrique Migoya Peláez
Director
Nominee - Mr. Enrique Migoya is currently Managing Director of BBVA's Equity Holdings area, where he manages the bank's equity portfolio. His professional career has...
Enrique Migoya Peláez


Juan Antonio Franco Díez
Director
Nominee - Juan Antonio Franco holds a degree in Economics from the Complutense University of Madrid. He has spent a large part of his extensive...
Juan Antonio Franco Díez


Beatriz Puente Ferreras
Director
Independent - Ms. Beatriz Puente is currently member of the Board of Banca March and Valeo. Until May 2023, she was Chief Financial Officer of...
Beatriz Puente Ferreras


Emma Fernández Alonso
Director
Independent - Ms. Emma Fernández has developed her professional career in the technology sector in companies such as Telefónica, Alcatel and Indra. In 1991 she...
Emma Fernández Alonso

Ms. Emma Fernández has developed her professional career in the technology sector in companies such as Telefónica, Alcatel and Indra. In 1991 she joined Indra Sistemas S.A. where she became General Manager and member of the Executive and Management Committees (2007-2015). She has been globally responsible for Strategy and Innovation, HR and Organisation Management, Corporate Governance, Corporate Responsibility and Brand. From 1991 to 2006, she held various management positions such as Director of Marketing and Corporate Development, including M&A (2003-2006) or Director of Strategic Development (1995-2002).).
She is currently an independent director of Axway (France) where she chairs the Remuneration Committee and is a member of the Audit Committee, an independent director of Digital Consumer Bank (Openbank, Santander Consumer Finance and ODS) where she chairs the Nominating, Corporate Governance and Responsible Banking Committee and is a member of the Risk, Remuneration and Audit Committees, an independent director of Iskay Pet SLU, a member of the Advisory Board of AERTEC Solutions and a mentor at Ashoka and Endeavour.
Ms. Fernandez has also been a member of the Board of Directors of Sopra Steria (France), the Board of Directors of Ezentis, the Board of Directors of ASTI Mobile Robotics and the Board of Directors of Gigas and the Executive Committees of the Spanish Chamber of Commerce, the Elcano Royal Institute, the EU High Level Group on Aeronautics Research and the Advisory Council for Aeronautics Research and Innovation in Europe (ACARE). Ms Fernandez holds an MBA from IE Business School and is a telecommunications engineer from the Polytechnic University of Madrid.

Vicente Moreno García-Mansilla
Director
Independent - Mr. Vicente Moreno is a Director of Banca March, and a member of the Board of Trustees of the Accenture Foundation, the Professional...
Vicente Moreno García-Mansilla

Mr. Vicente Moreno is a Director of Banca March, and a member of the Board of Trustees of the Accenture Foundation, the Professional Council of ESADE and the International Advisory Council of the Hispanic Society of America. He was CEO of Accenture Spain (2005-2015) and Executive Chairman (2007-2015) of the same company. During this period he was also responsible for Accenture in Portugal, Israel and Africa. Previously, he was Managing Director at Accenture Poland SP. Z.O.O. (1994-1997).
He joined Accenture in 1985. In the past, Mr. Moreno has been a Trustee of the Princess of Asturias Foundation, Vice President of the SERES Foundation and Member of the following institutions: American Chamber of Commerce, American Business Council, Business Council of the CEOE, Círculo de Empresarios, Board of Protectors of the Teatro Real, Advisory Council of the Colegio Oficial de Ingenieros Navales, Advisory Council of the Spanish Engineering Institute and Spanish Consulting Association. Mr. Moreno holds a degree in Naval Engineering from the Escuela Técnica Superior de Ingenieros Navales.

Azucena Viñuela Hernández
Director
Independent - Ms. Azucena Viñuela holds a degree in Economics and Business Administration with more than thirty years of professional experience in international contexts. She...
Azucena Viñuela Hernández

Ms. Azucena Viñuela holds a degree in Economics and Business Administration with more than thirty years of professional experience in international contexts. She began her professional career at Arthur Andersen where she worked for 11 years in the field of financial auditing and consulting. He was responsible for the Energy Sector and the Public Administration Sector of the Firm in Asturias. She was also a member of the Board of Directors and Chairman of the Audit Committee of Testa Residencial. Ms.
Viñuela is currently Internal Audit Director of Grupo Internacional Energías de Portugal, SA (EDP) and a member of the Board and of the Appointments and Remuneration Committee of the Spanish Institute of Internal Auditors. She has extensive experience in the field of financial auditing and internal auditing, implementation of internal control systems and criminal risk prevention and risk management models. Ms. Viñuela holds the title of Chartered Account Auditor from the Registro Oficial de Auditores de Cuentas (ROAC. 1993). She also completed Executive Training Programmes at IESE Business School (Madrid 1994) and INSEAD Business School (Fontaineblau, France). Ms. Viñuela was a lecturer at the Asturias Business School, the Spanish Energy Club and the ROAC.

Lucas Osorio Iturmendi
Non-director Secretary
Mr. Lucas is a partner at Hogan Lovells International in Madrid, in the commercial practice area and specialises in mergers and acquisitions and corporate governance....
Lucas Osorio Iturmendi

Mr. Lucas is a partner at Hogan Lovells International in Madrid, in the commercial practice area and specialises in mergers and acquisitions and corporate governance. He is a recognised expert in infrastructure projects and transactions, with particular emphasis on PPPs and regulated sectors. Mr. Osorio is a lawyer on leave of absence. He acted for more than a decade as general counsel and general secretary of the Ibex-35 listed company Cintra (Grupo Ferrovial), one of the world's leading transport infrastructure companies, where he acquired extensive experience in M&A transactions and corporate law in general.
In addition, Mr. Osorio has served as board member and/or board secretary of multiple companies, some of them listed companies such as the UK's BAA or ESSA. Since joining Hogan Lovells, he has led multiple asset and corporate sales and acquisitions transactions, as well as corporate governance matters and shareholder disputes. Mr. Osorio is currently Secretary of the Board of Directors of Metrovacesa. During his career in the Spanish public sector, he was Chief State Lawyer at the Ministry of Social Affairs and at the Ministry of Education and Science, where he focused on administrative law, public procurement and regulated law. Finally, Mr. Osorio is a regular arbitrator in the main Spanish arbitration courts.
Management team
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