El promotor de Operación Chamartín incrementa un 81% sus pérdidas en 2025

Operación Chamartín's promoter saw its losses soar by 81% in 2025, reaching 8.2 million euros, compared to a negative 4.5 million euros in the previous year. This increase occurred after the company's formal acquisition of the project's land. The business revenue grew to 2.2 million euros, a 1.5% rise from 2024, primarily from support services and property management for the development's managing boards.

However, operating losses widened to 12.4 million euros, up from 5.4 million the prior year. The company explained that 2025's efforts focused on urban planning of the acquired land from public transport entities, acquired in December 2024, which required a long-term mortgage guarantee of 767.3 million euros. Additionally, the promoter paid off all short-term bank credits in May 2025, including the VAT payment for land acquisition and loans from the majority shareholder, BBVA.

The company's capital was increased by 66 million euros in December 2025, fully subscribed in cash by partners and recorded in the Mercantile Registry on March 3rd. BBVA retains 75.5% stake, Merlin Properties holds 14.5%, and Grupo San José owns 10%. The project's main operational update is the Madrid City Council's official approval of the Las Tablas Oeste urbanization plan on March 12th, paving the way for the first urbanization works.