Quabit Inmobiliaria SA, formerly Astroc Mediterraneo SA, is a Spain-based company principally engaged in the residential real estate development. The Company's activities are divided into three business segments: Land management, Promotion and Rental. The Land management division focuses on acquisition, transformation and sale of plots for further real estate development. The Promotion division is responsible for the development, construction and management of residential properties, mainly located in the central zone, Valencian Community and Aragon, Spain. The Rental division includes administration, leasing and sale of real estate portfolio. The Company operates through a number of subsidiaries, such as Grupo Mediterraneo Costa Blanca SL, Quabit Inmobiliaria Internacional SL and Iber Activos Inmobiliarios SL.