Grupo Insur

What Grupo Insur does

Grupo Insur (legal name: Inmobiliaria del Sur, S.A.) is a vertically integrated Spanish real estate developer and asset manager founded in 1945 and headquartered in Sevilla. The company operates across six product categories: new-build residential housing (Viviendas), office space (Oficinas), commercial premises and garages (Locales y Garajes), hotel properties, parking facilities, and coworking/business centers (under the iSspaces sub-brand). It serves individual residential buyers, SMEs and enterprise tenants (Cushman & Wakefield is the letting agent for the Elever Madrid asset), hotel operators (the Argentine Republic Building 23 is leased to a hotel chain), and parking users across Sevilla, Málaga, Córdoba, Cádiz, Huelva, Almería, Madrid, and Valencia.

The business operates through a 19-entity subsidiary structure that internalizes the full value chain — from land sourcing and construction (IDS Construcción y Desarrollos), development (multiple "IDS Residencial" SPVs), asset management, and parking operations (Parking Insur, S.A.U.) to coworking operations (Insur Centros de Negocios). Underlying technology is conventional enterprise SaaS: a Microsoft PowerApps-based client portal (Área Cliente), Microsoft CustomerVoice for supplier management, Infraspeak for after-sales incident management of homes and offices, and a Lefebvre-Centinela whistleblower channel. The asset portfolio emphasizes sustainability certifications — BREEAM (Edificio Insur Sevilla, Insur Cartuja, Río 55), LEED Platinum, WELL Platinum and WiredScore Gold (Elever) — which function as a quality signal rather than a technology moat.

The revenue model blends transactional and recurring streams. Residential development contributes on-sale recognition at price points from €195,500 to over €495,000. Office and commercial premises generate recurring monthly rent per m² (e.g., Edificio Insur Sevilla €16.00/m²/month, Elever managed by Cushman & Wakefield, Río 55 Madrid Business Park €13,671 m² lettable), supplemented by coworking subscriptions (iSspaces), monthly parking subscriptions, and hotel triple-net leases. Distribution is sales-led via 18+ owned commercial offices and an SEO-optimized property-listing website, with no channel partners beyond Cushman & Wakefield on a single asset. The company has been continuously listed on the Madrid and Valencia Stock Exchanges since 1984 (ISIN-based Continuous Market), with 18.67M shares at €2 par, and trades at approximately €16.85 as of 30/06/2026.

Name

Grupo Insur

Legal name

INMOBILIARIA DEL SUR, S.A.

Website

https://grupoinsur.com

Company type

Public

Founded year

1945

Operating status

Operating

Headcount range

101–250 employees

Short description

Grupo Insur (Inmobiliaria del Sur, S.A.) is a vertically integrated Spanish real estate developer and asset manager founded in 1945 and listed since 1984. It develops and manages residential, office, commercial, hotel, parking, and coworking assets primarily in Andalusia, with growing exposure in Madrid and Valencia.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Traveler Accommodation (7211), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate (6500), Hotels & Motels (7011)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

Keywords

• Real estate development
• Residential property sales
• Commercial property leasing
• Asset management services
• Property management

Headquarters

HQ city

Sevilla

HQ country

Spain

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Development & Sales: New-build homes sold across Spain (Andalusia and Madrid), including single-unit homes and multi-unit residential developments. Revenue recognized on property sale completion. Properties marketed at various price points (e.g., from €195,500 for a 65 m² unit in Paterna to over €495,000 for larger units).
2. Office Rental: Leasing of office buildings and modules to businesses across Sevilla, Madrid, Huelva, and other locations. Buildings include Insur Cartuja, Edificio Insur Sevilla, Buenos Aires 21/25, Río 55 Madrid Business Park, Elever, and others. Rental pricing typically quoted per m² per month.
3. Commercial Premises Rental & Sale: Leasing and selling of commercial retail premises (locales comerciales) and garage/parking spaces. Properties available for rent (e.g., €7–12.50/m²/month) and for sale (e.g., €116,200–419,200 per unit).
4. Parking Operations: Operation of car park (parking) facilities across Sevilla and Cádiz, with spaces available for monthly rental or rotation use. Properties include Parking Insur El Mirador de Santa Justa (258 spaces), Parking Insur Cartuja (343 spaces), and others.
5. Business Center / Coworking (iSspaces): Operation of business centers offering coworking spaces and meeting room rentals by the hour. Linked to the Edificio Buenos Aires 21 and other properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Grupo Insur is a Spanish real estate developer and property asset manager that develops, constructs, sells, and leases its own portfolio of new-build residential homes, office buildings, commercial premises, hotels, parking facilities, and coworking business centers. Operating primarily across Andalusia, Madrid, and Valencia, the company generates revenue through one-off property sales plus recurring rental income, with sustainability-certified office stock (Breeam, LEED Platinum, WELL Platinum) as a portfolio anchor.

Product overview

Grupo Insur is a comprehensive Spanish real estate management company operating as both a property developer and asset manager. The company offers a diversified portfolio of property products organized into six core categories: (1) Residential Housing (Viviendas) for new-build home purchases, (2) Office Spaces (Oficinas) for commercial rentals and sales, (3) Commercial Premises and Garages (Locales y Garajes), (4) Hotel Properties (Hoteles), (5) Business Center services under the iSspaces brand, and (6) Parking Facilities. The portfolio spans primarily Andalusia and Madrid, with developments in Sevilla, Málaga, Almería, Córdoba, Cádiz, Huelva, Madrid, and Valencia. Notable branded developments include Insur Albanova, Insur Elyonia, Insur Bermes II, Balance Nova, Las Terrazas de Macenas for residential; Edificio Insur Sevilla, Edificio Buenos Aires 21 & 25, Insur Cartuja, Río 55 Madrid Business Park, and Elever for offices; and iSspaces for business center services.

Differentiator

Problem solved

Functional benefit

Brands

• iSspaces: Business center operated by Grupo Insur for co-working and office rental services
• Insur

Products and services

• Viviendas (New-Build Residential Housing) New-build residential homes for sale across Spain, including apartments and houses in developments located in Sevilla, Málaga, Almería, Córdoba, Cádiz, Madrid, and Valencia. Units range from affordable apartments (from €195,500) to premium homes (over €495,000), targeting individuals and families for primary residence or investment.
• Oficinas (Office Buildings) Office spaces available for rent and sale across certified buildings including Edificio Insur Sevilla, Edificio Buenos Aires 21/25, Insur Cartuja, Río 55 Madrid Business Park, Elever Madrid, Ágora Málaga, Noa Málaga, and Insur Centro Huelva, targeting corporate tenants, SMEs, and large organizations.
• Locales y Garajes (Commercial Premises and Garages) Commercial premises (locales comerciales) and garage/parking spaces available for rent and sale across Spanish cities including Sevilla, Córdoba, Huelva, and Madrid, for entrepreneurs, retailers, food service operators, and vehicle owners.
• Hoteles (Hotel Properties) Hotel properties owned by Grupo Insur (including the Argentine Republic Building 23 of over 7,100 m² across 9 floors and Edificio IDS Córdoba) currently leased to hotel chain operators.
• Parking Insur (Parking Facility Operations) Direct operation of car park facilities across Sevilla and Cádiz, including Parking Insur El Mirador de Santa Justa (258 spaces), Parking Insur Cartuja (343 spaces), Los Cisnes-Calle Larga, and Buenos Aires, with spaces available for monthly rental or rotation use.
• iSspaces (Coworking and Business Center) Coworking and flexible workspace brand offered by Grupo Insur (operated by subsidiary Insur Centros de Negocios S.A.U.), providing shared offices, virtual office services, and meeting rooms for hourly rental, primarily linked to Edificio Buenos Aires 21 and other Group assets.

Quantifiable outcome

• First quarter 2026 revenue of €31.5 million, up 5% year-over-year
• +3 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor.

• Grupo ÁleaminorStrategic or Co-development PartnerStrategic alliance between Grupo Álea and Grupo Insur with Espacio RES to promote open innovation in Andalusia. The partnership aims to drive innovation within the real estate sector in the region.
• Espacio RESminorStrategic or Co-development PartnerOpen innovation platform in Andalusia partnered with Grupo Álea and Grupo Insur to foster innovation in the real estate sector.
• Fundación SeresminorOthersCorporate social responsibility collaboration. Grupo Insur collaborates with Fundación Seres in social initiatives.
• Asociación ColibríminorOthersCSR collaboration with Asociación Colibrí focused on social initiatives.
• UNICEF EspañaminorOthersCorporate social responsibility collaboration with UNICEF España.
• Cruz RojaminorOthersCSR collaboration with Cruz Roja for humanitarian and social support programs.
• CáritasminorOthersSocial responsibility partnership with Cáritas.
• Fundación AlchemistminorOthersCollaboration with various foundations including Fundación Altair, Fundación Desarrollo y Asistencia, and others listed on the CSR page.
• Cushman & WakefieldminorChannel Partner/ Reseller/ DistributorCushman & Wakefield manages leasing for the Elever office building in Madrid, acting as commercial agent for the property.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Metrovacesa: Spanish listed real estate developer and asset manager with a diversified residential and tertiary portfolio across Spain. Like Grupo Insur, it develops, owns, and manages properties at scale with a national footprint — making operating model, customer base (residential buyers and commercial tenants), and revenue mix directly comparable.
• Neinor Homes: Spanish listed residential developer with a nationwide new-build home pipeline including Andalusia and Madrid. Competes head-on with Grupo Insur's promotional residential offerings and shares the same 'sale-on-completion' revenue model and Spanish housing-cycle exposure.
• Quabit Inmobiliaria: Spanish listed residential developer active in primary markets including Madrid and Andalusia. Comparable in product (new-build apartments), price point, customer segment, and one-time-sale revenue model to Grupo Insur's Vivienda portfolio.
• Aedas Homes: Spanish listed residential developer focused on new-build homes for sale across primary Spanish markets (Madrid, Costa del Sol, Catalonia, Valencia, Balearics). Compares directly to Grupo Insur's Vivienda vertical — same one-time license revenue model, similar price band (~€200K–€500K), overlapping Andalusia and Valencia geographies.
• Realia Business: Spanish listed real estate company with both property development and rental/asset management businesses, including commercial and residential assets. Its hybrid developer/landlord model and Spanish footprint closely mirror Grupo Insur's structure across offices, residential and commercial premises.

Broad incumbents

• Inmobiliaria Colonial: Spanish SOCIMI (REIT) focused on prime CBD office portfolios in Madrid, Barcelona, Paris and Lisbon. While larger and office-only, Colonial is the natural benchmark for valuing Grupo Insur's Grade-A office assets such as Edificio Insur Sevilla, Río 55 and Elever on a per-m² recurring-rent basis.
• Merlin Properties: Spain's largest diversified SOCIMI with offices, retail, logistics, and data centers. As a broad incumbent in the same Spanish commercial real-estate category, it is the reference benchmark for capital cost, sustainability certifications, and tenant-mix for Grupo Insur's tertiary portfolio.
• Lar España Real Estate: Spanish listed retail-anchored SOCIMI. Although more retail-focused, it shares Grupo Insur's exposure to Spanish commercial real-estate cash flows, ESG/sustainability positioning, and Iberian institutional investor base.

Others

• Cushman & Wakefield (Iberia): Global commercial real-estate services firm that already leases Grupo Insur's flagship Elever building in Madrid. Useful peer reference for the asset-management outsourcing economics and tenant-leasing capabilities surrounding Grupo Insur's tertiary portfolio.

Emerging players

• Azora: Spain-based alternative asset manager with real estate, hospitality, and infrastructure strategies. Azora's hospitality and Iberian real-estate strategies make it a partial comparable on the hotel property and asset-management lines of Grupo Insur's business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/GrupoInsur
• Facebookfacebook.com/689050974570392

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Insur