Torrevejense supporter TM Real Estate Group capitalizes on the real estate boom on the Spanish coast and manages to break its own record invoice registration. Good progress of sales in Turkey national marketreturn foreign buyers second homes or recovery hotel business In the Caribbean – it has three hotels – which allowed the firm to close the year for approx. 258.3 million revenue Euro, according to information provided this Tuesday by the company itself, 60% increase Based on 2020 figures.
The increase in turnover transferred to the results, so that the Serna family group is a consolidated ebitda -that is, the result before interest, taxes and depreciation are paid- 58.9 millionmore than twice as much as in the previous exercise.
In general, supportive Delivered 601 homes last yearIt has spread to Costa Blanca, Murcia, Almería, Mallorca and Costa del Sol, 28% more than in 2020. 1160 residences and 19 projects in progress.
In terms of marketing, the firm underlines that the weight of international customers in its portfolio has been consolidated. seven out of ten buyers were foreigners. A trend that has also allowed the firm to break the pre-sales record with a total of 750 units worth more than 260 million euros (17% more than in 2020).
Regarding the origin of customers, it is important to underline that 34 different nationalities were registered in 2021, mainly Spain (32%). Belgium (13%), Germany (12 and Poland (9%).
soil portfolio
Looking to the future, TM points out that its land portfolio is more than 10 thousand. one million square meters, which guarantees them the land needed to build more than 12,000 houses. In addition, the company remains willing to invest 48 million euros in new investments to complete its strategic plan and secure the sales targets in the business plan by 2025.
On the other hand, the company also highlights good progress. hotel partHe managed three of his own hotels and 1,000 hotel keys in the Mexican Riviera Maya. An activity that already assumes 17.6% of the company’s turnover. Therefore, the gradual normalization of tourist activity, especially in the markets of the United States and Canada, after the harsh economic and social effects of the pandemic has allowed this line of business to achieve the best results in its history. own firm with turnover 45.5 million Euro (42.7% more than in 2020).
Likewise, TM reinforces its commitment to diversification by achieving significant results in different business lines. Thus, the agriculture division closed 2021 with a total production of 3.5 million kilograms. Sea Holidays, vacation part The company has managed nearly 2,000 vacation rentals. Finally, the photovoltaic renewable energy subsidiary has four ongoing projects in the province of Alicante with a total of 84 Megawatts of advanced power.
predictions
Regarding the evolution of the current year, the Alicante developer managed to get it in the first half of this year. 89% of sales volume forecast for full 2022, as well as all billing targets. This positive evolution of the real estate market is expected to continue next year and the company has now covered 65% of its estimated turnover for 2023.
In an environment marked with ” uncertainty and the social and economic consequences of the pandemic, the company power and solvency signing the best invoice and advantage numbers in its history. “This success has been made possible by the collaborative work of our professionals, collaborators and suppliers, who demonstrate a tremendous capacity for resilience and improvement, and a firm commitment to excellence in customer service.” Paul Serna, CEO of the firm.