9 February 2015 – Expansión
Felip Massot has appointed his daughter, Elena, as the sold director and CEO of Vertix to replace Francisco Pérez, who has joined Solvia as the new Regional Director of Cataluña.
Vertix is one of the few real estate developers that has been saved from the crisis, although it is now only a fraction of the size it once was. Whilst in 2006, the company, owned by Felip Massot, generated revenues of €200 million and constructed homes at a breakneck pace; in 2014, it recorded a turnover of €50 million and is currently building only around 180 homes, all in the Barcelona area and in locations where demand is guaranteed.
Original story: Expansión (by Marisa Ángeles)
Translation: Carmel Drake