TM Real Estate Group Sustains Growth Across Markets
TM Real Estate Group, backed by Torrevejense interests, rides the uptrend in Spain’s coastal real estate as it reports a year of record invoiced assets. The company highlights steady momentum in international markets, with a growing appetite for second homes and hospitality ventures. In the Caribbean region, the group operates three hotels, while its footprint in Turkey expanded within the national market. The year ended with revenue near €258.3 million, up 60% from 2020 figures.
That higher turnover translated into stronger earnings, delivering an EBITDA of €58.9 million, more than doubling the prior year. The improved profitability accompanied robust operating performance across the portfolio and affirmed the company’s financial resilience.
Last year, TM Real Estate Group delivered 601 homes, expanding across the Costa Blanca, Murcia, Almería, Mallorca and the Costa del Sol. This marked a 28% rise from 2020, and the firm now holds 1,160 residences in its backlog with 19 projects underway.
On the marketing front, the company notes a sustained contribution from international buyers. About seven in ten purchasers were foreign, fueling a new pre-sales record of 750 units valued at over €260 million, up 17% year over year.
In terms of customer origin, the year featured buyers from 34 different nationalities, with Spain accounting for roughly one third of purchases, followed by Belgium, Germany and Poland in notable shares.
soil portfolio
For the future, TM emphasizes a land portfolio exceeding 10,000 hectares of developable space, enough to construct more than 12,000 homes. The company also signals plans to invest about €48 million in new ventures to advance its strategic plan and hit sales targets through 2025.
On the hotel front, TM manages three own‑brand properties and a thousand hotel keys along the Mexican Riviera Maya, a segment now contributing about 17.6% of total turnover. As tourist activity gradually recovers, especially in the United States and Canada, this business line achieved record results with turnover of €45.5 million, up 42.7% from the previous year.
TM Real Estate Group reinforces diversification with solid results across its lines of business. The agriculture division posted a production total of 3.5 million kilograms for the year. The Sea Holidays vacation segment managed nearly 2,000 vacation rentals. The photovoltaic renewable energy subsidiary operates four active projects in Alicante province with a combined capacity of 84 megawatts of planned output.
predictions
Looking ahead, the Alicante developer aims to close the first half with strong momentum and reach 89% of the annual sales target. The firm also targets full‑year billing and continues to pursue turnover goals for the coming year. This positive trajectory aligns with a real estate market that remains resilient and shows ongoing demand in its markets.
In an environment marked by uncertainty and lingering effects from the pandemic, the company emphasizes its strength and solvency. Best‑in‑class invoicing and favorable metrics reflect the collaborative effort of professionals, partners and suppliers. Leadership notes that performance stems from a culture of resilience and a steadfast commitment to customer service and excellence.