Since Santa Lucía was founded, it has gained an extensive track record in real estate investment, acquiring office properties, hotels, residential properties, retail units, nursing homes, among others. Currently, it manages a property portfolio comprising some 280,000 square meters. The last valuation of the portfolio put it at €535m. This includes 20 income-producing assets, among others.

The property portfolio also features 75 retail units located across Spain that are focused on the insurance business. Furthermore, Santa Lucía holds positions worth €36m through companies to add additional international diversification to its real estate investments.

Santa Lucía’s real estate portfolio grew by around 20% in 2023 as it continues to focus on investment in liquid markets in other countries in which the investor capital and the interest of the vendors aligns.

The year 2023 was a landmark in Santa Lucía’s real estate activity. It started the year with the full refurbishment of a hotel that it owns in Madrid and obtained a license to change the use of one of its office buildings located in Jerez in southern Spain to tourist accommodation in a refurbishment aiming to create 23 holiday apartments.

Santa Lucía also closed two transactions in 2023 The first was in Paris on Rue Pyramides and the other in London in Golden Square. Both buildings are in favourable locations, let to single tenants and are BREEAM sustainability certified.

In the coming years, Santa Lucía plans to focus on sustainability by annually achieving BREEAM or LEED environmental certification for at least one the buildings in its portfolio. It will also seek to ensure that existing certified assets retain their ranking.

Santa Lucía will also focus on building, repositioning and redeveloping buildings to help address issues such as lack of land, shortage of residential supply or the need for a more sustainable and efficient real estate stock.