TM Grupo Inmobiliario: Comprehensive Company Profile
Background
Overview
Founded in 1969 by José Luis Serna Almodóvar, TM Grupo Inmobiliario is a family-owned company based in Alicante, Spain, specializing in the construction and development of second homes along the Mediterranean coast. Over its 53-year history, the company has delivered more than 20,000 properties and expanded its operations to the Mexican Caribbean.
Mission and Vision
TM Grupo Inmobiliario's mission is to develop tourism and hotel real estate projects, providing quality service and incorporating outstanding products and services that offer an excellent buying experience to customers. The company is committed to creating economic, social, and environmental value in the communities where it operates, promoting sustainable residential and hotel tourism through a responsible business model.
Industry Significance
As one of the top 10 property developers in Spain by turnover, TM Grupo Inmobiliario plays a significant role in the real estate sector, particularly in the development of second homes and tourism-related properties. The company's diversified business model, which includes hotel operations, holiday rentals, real estate brokerage, and agricultural production, positions it as a versatile player in the industry.
Key Strategic Focus
Core Objectives
TM Grupo Inmobiliario aims to maintain sustainable growth through its Strategic Plan 2024–2027, targeting €1.1 billion in revenue, 3,000 sales, and 3,000 deliveries by the end of the period. To achieve these goals, the company plans to double its investments in land acquisition compared to the previous strategic cycle.
Areas of Specialization
The company specializes in the construction and promotion of second homes, with a strong focus on residential tourism. Its portfolio includes developments in Spain's Mediterranean coast and the Mexican Caribbean, catering to both national and international clients.
Key Technologies Utilized
TM Grupo Inmobiliario integrates renewable energy solutions and water recycling systems into its projects, reflecting its commitment to sustainability and innovation.
Primary Markets Targeted
The company's primary markets include Spain's Mediterranean coast and the Mexican Caribbean, with a significant portion of its clientele being international buyers from countries such as Poland, Belgium, Ukraine, and the Netherlands.
Financials and Funding
Funding History
TM Grupo Inmobiliario is a privately held, family-owned company. Specific details regarding external funding or investment rounds are not publicly disclosed.
Recent Financial Performance
- 2022: The company reported a turnover of €260 million, delivering 524 residential units and investing €31.5 million in land acquisition.
- 2023: Achieved a 22% increase in revenue, reaching €316.8 million, with an EBITDA of €77.5 million (23% increase). Delivered 696 homes (33% increase) and invested €40 million in strategic land acquisitions.
Utilization of Capital
The capital has been utilized for land acquisitions, development of new projects, and expansion of the company's hotel division in Mexico. The company plans to continue investing in strategic land acquisitions and project developments to achieve its growth objectives.
Pipeline Development
Key Projects
- Lagoons Village: A residential tourism project in Torrevieja, Spain, with an investment of €375 million to construct 1,800 homes.
- Marine Hills: A development in Estepona, Spain, as part of the company's expansion along the Costa del Sol.
Stages of Development
As of 2023, TM Grupo Inmobiliario has 26 projects and 1,800 homes under construction, with plans to deliver 1,340 units between 2024 and 2025.
Target Conditions and Timelines
The company targets the residential tourism market, focusing on delivering high-quality second homes to international clients. The Strategic Plan 2024–2027 outlines the goal of reaching €1.1 billion in revenue and delivering 3,000 homes by 2027.
Technological Platform and Innovation
Proprietary Technologies
TM Grupo Inmobiliario incorporates renewable energy solutions and water recycling systems into its developments, showcasing its commitment to sustainability and innovation.
Significant Scientific Methods
The company employs advanced construction methodologies and integrates sustainable practices to enhance the quality and environmental impact of its projects.
Leadership Team
Key Executives
- Pablo Serna: Chief Executive Officer (CEO). Under his leadership, the company has achieved significant growth and expanded its international presence.
- José Luis Serna Almodóvar: Founder. Established the company in 1969, laying the foundation for its success in the real estate sector.
Leadership Changes
No recent significant changes or appointments within the company's leadership have been publicly disclosed.
Competitor Profile
Market Insights and Dynamics
The Spanish residential real estate market has experienced notable changes in recent years, with increased presence of investment funds, SOCIMIs (REITs), and new developers with foreign capital. Traditional developers have been replaced by these new entities, revitalizing the sector.
