La Asamblea General y el Consejo
Rector son los órganos de gobierno y administración de la Junta
de Compensación.
The General Assembly and the Governing Council are the
governing and administrative bodies of the Owners' Management Board. The
General Assembly is the highest administrative body, comprised
of all members of the Owners' Management Board (landowners), whose fundamental
objective is to agree on the main issues related to the development of the
area, approving or rejecting proposals made by the Governing Council.
The Governing Council is the executive body and is comprised
of those landowners who hold the largest shares of land within the development.
The Governing Council maintains broad powers of administration, management
and representation of the interests of the Owners' Management Board. It
has the power to make decisions concerning most issues, with the ratification
of the General Assembly.
The Management Team is a multidisciplinary project management
group made up of highly trained professionals. Its objective is to carry
out the management of the project, ensuring collaboration between the group
of landowners and the participating public administrations. The Valdebebas
Management Team has set a benchmark in urban planning in
this regard as it is the first urban development in Spain managed by an
ad hoc team that is totally independent of the landowners.
Finance Strategy
In 2006, the Valdebebas Owners´ Management Board signed a structured
financing agreement with BBVA and Caja Madrid for 658 million euros in order
to finance all costs associated with the development of the project.
In this way, Valdebebas has become a pioneer in the adoption of this model
of Structured Financing, which exempts the owners of properties associated
with the Owners´ Management Board from contributing resources or guarantees.
This is because the Owners´ Management Board itself is responsible
for making the required guarantees available in order to secure this financing.
The bank syndicate provides the Owners´ Management Board with the
necessary financing to cover the costs of developing a total area of more
than 10 million square meters and all the necessary infrastructures, as
well as the costs related to technical assistance and the charges, obligations
and expenses incurred by the Owners´ Management Board.