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Urbamusa, urban society, majority owned by the city of Murcia and was founded in 1980 dedicated to land management, restoration of facades and housing management, private capital absorbed into a fully public company as approved today in meetings Governing Council and the General Board.

So far, the capital of the municipal urban development was formed by the city of Murcia (53.27%), the Autonomous Region (22.98%), Cajamurcia (9.1%), Nest Real Estate Group (BBVA) (9, 1%) and Investment Holding and Investments (CAM) (5.56%).

Starting today, private entities sell their shares and shareholding Urbamusa is composed of the City of Murcia (69.87%) and the Autonomous Region (30.13%) by becoming a fully public company.

The output of private capital Urbamusa should be to achieve greater efficiency in the management of local public services and the entry into force of the new Law 30/2007 on Public Sector Contracts

In addition, it recently changed the object of Urbamusa so now the company is expanding its field of work and not be dedicated only to the drafting of planning, management, urbanization, etc, but it may carry out studies, managing large and major infrastructure projects, make renovations, parking, management and sale of property, etc.

As a result of this change in the shareholding of the developer has made an amendment to the articles of association to be elevated to a deed and then entered in the Registry and consequently the statutes have been adapted to the new reality, as did those prevailing since its inception.

Significant is the inclusion of the City as a means Urbanizadora own and service their shareholders, City of Murcia and Autonomous Community of Murcia and autonomous organizations dependent on them.

At the same time, Urbamusa acquires the status of a management and being a public company can be hired directly by the City Council, Regional Government and its agencies like the Institute for Housing and Land in the Region.

Source: Ayuntamiento de Murcia