Madrid
Got his start in business with the family construction company, which grew to a considerable volume.
With the Seville Expo in 1992, business activity increases and the company begins to act as a real estate promoter. Expo-an consolidates itself as a promoter in the Seville area and extends its activities through other areas of Andalusia. In the late 1990s the company diversifies and begins a geographical expansion. The next big step is to acquire stakes in large companies. The company buys large ones in several companies and becomes a member of the board of directors of Metrovacesa.
In 2005, the takeover of Grupo Inmocaral is considered. In 2006, a capital increase through cash input and properties owned by Luis Portillo firms and new partners multiplies the company’s assets by 10.
After this expansion a takeover is launched for Inmobiliaria Colonial and it is completed on Sept. 26, 2006. The merger of the two will give rise to a large real estate company with market capitalization that now exceeds 10 billion euros.
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