Ibervalles

What Ibervalles does

Ibervalles SOCIMI, S.A. (operating commercially as Ibervalles Capital) is a Spanish real estate investment and asset management firm focused on office, hotel, and flexliving assets in prime locations of Spain and Portugal. Founded in 1995 and headquartered in Alcobendas, Madrid, the company took its current form in June 2019 when the Isidro family — former owners of European paper group Europac — reinvested proceeds into a dedicated real estate vehicle. The firm debuted on the Spanish share capital market as a SOCIMI (Spanish REIT) in July 2022. As of the latest disclosures the portfolio comprises 14 assets with a Gross Asset Value of €538 million and 150,565 m² of gross lettable area, concentrated in Madrid, Lisbon, and Valencia.

The operating model is built on a cycle of acquisition, repositioning, and asset management of "core quality" properties with value-uplift potential, applying a proprietary ESG management framework across the entire property lifecycle — from investment analysis through repositioning, ongoing asset management, and social/environmental impact reporting. The portfolio is organised under segmented sub-brands (Ibervalles Oficinas for offices, Ibervalles Hoteles for hotels, Ibervalles Flexliving for flexible living) and the IRG10 investment platform, with a parallel ecosystem of roughly 40 indirect investments. The stated value proposition to investors centres on ESG-integrated risk management and long-term value creation; to occupiers, it centres on sustainable, market-ready buildings in consolidated urban locations.

Commercially, Ibervalles generates revenue through rental income from its directly held real estate, capital gains from the divestment of non-strategic assets (Building Duero in 2023 and Reina Constanza in Palma de Mallorca in 2024), and management-style fees associated with its investment activities. The go-to-market is direct institutional field sales targeting capital-rich Portuguese real estate funds and institutional investors seeking Iberian real estate exposure, supplemented by a bilingual corporate website and LinkedIn presence. International expansion is being pursued through a 2025 joint venture with ARD Investment & Development, marked by the Hotel Miragem Cascais acquisition in Portugal and the December 2025 acquisition of the 370-key Novotel Valencia Lavant in Spain.

Name

Ibervalles

Legal name

IBERVALLES S.A.

Website

https://ibervalles.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Ibervalles Capital is a Spanish SOCIMI (REIT) that acquires, repositions, and manages office, hotel, and flexliving assets in prime locations of Spain and Portugal for institutional investors, applying a proprietary ESG management framework across the full property lifecycle.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Real estate asset management
• Office property investment
• Hotel property investment
• Flexliving property management
• SOCIMI real estate

Headquarters

HQ city

Alcobendas

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Real Estate Investment and Asset Management: Ibervalles Capital operates as a SOCIMI (Spanish REIT) generating revenue through rental income from office, hotel, and flexliving properties, value creation via property repositioning and asset management, and capital gains from strategic divestments of non-strategic assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Ibervalles Capital is a Spanish real estate asset management company that acquires, repositions, and manages office, hotel, and flexliving properties in established areas of Madrid, Valencia, and Lisbon. Operating as a SOCIMI (Spanish REIT), the company generates revenue through rental income from its 14-asset portfolio (€538M gross asset value, 150,565 sqm), value creation via property repositioning, and capital gains from strategic divestments of non-strategic assets, all under a proprietary ESG-focused management model.

Product overview

Ibervalles Capital operates as a real estate asset management company with a unified product portfolio organized into specialized sub-brands. The core offering is its integrated real estate management services, encompassing office properties (Ibervalles Oficinas), hotels (Ibervalles Hoteles), and flex living spaces (Ibervalles Flexliving), with investment services through IRG10. The company also provides an ESG Management Model as a key differentiator, enabling best decisions throughout all stages of the property lifecycle. With 14 assets under management, a €538M gross asset value, and 150,565 sqm of gross lettable area, the portfolio spans established areas of Madrid, Lisbon, and Valencia.

Differentiator

Problem solved

Functional benefit

Brands

• ibervalleshoteles.es: Hotel portfolio sub-brand website
• ibervallesoficinas.es
• ibervallesflexliving.es

Products and services

• Ibervalles Capital A real estate-focused asset management company with a long-term strategic plan focused on generating added value in office, hotel, and flexliving properties. Manages a portfolio of 14 assets with €538M gross asset value and 150,565 sqm gross lettable area, serving institutional investors and capital-rich funds.
• Ibervalles Hoteles Hotel-focused real estate brand managing hotel assets in prime locations including Paseo de la Castellana (Madrid) and international properties such as Hotel Miragem Cascais and Novotel Valencia Lavant. Targets hospitality businesses and hotel operators as occupiers.
• Ibervalles Oficinas Office-focused real estate brand managing office properties in consolidated urban areas including Madrid's MadBit district, Arturo Soria, and General Perón Avenue. Provides premium sustainable office spaces for corporate occupiers.
• Ibervalles Flexliving Flexliving brand focused on flexible living spaces and residential properties with strong value uplift potential. Targets the growing demand for flexible residential and hybrid-use properties in established urban markets.
• IRG10 Investment management brand under Ibervalles focusing on real estate investment opportunities. Provides real estate investment services as part of the broader Ibervalles ecosystem.
• ESG Management Model Comprehensive sustainability management service prioritizing ESG criteria throughout the entire value creation chain and in all areas of risk management. Covers investment analysis, repositioning, asset management, and social/environmental impact for institutional investors and occupiers seeking sustainable real estate.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• ARD Investment & DevelopmentcoreStrategic or Co-development Partner · 1 June 2025Joint venture between Ibervalles and ARD Investment & Development for international expansion. The partnership consolidated its international expansion with the acquisition of Hotel Miragem Cascais in June 2025, demonstrating a strategic co-development approach to hotel investments.
• IRG10minorStrategic or Co-development PartnerIRG10 is referenced as a partner entity on the Ibervalles website, indicating a strategic relationship in the real estate investment ecosystem.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Eurocommercial Properties N.V. Listed European retail REIT with multi-country exposure. Comparable as a broader European listed real estate vehicle, though retail-tilted and at much greater scale than Ibervalles' Iberian-focused mixed portfolio.
• PATRIZIA SE: European real estate investment manager and operator managing €50B+ of assets across multiple strategies and geographies. Comparable as a competitor for Iberian repositioning capital and institutional mandates, though not Iberian-only.
• Covivio SA: Major European REIT with offices, residential, and hotels across France, Germany, Italy, Iberia, and the UK. Comparable on the multi-segment (especially hotel) real estate investment approach and Iberian exposure, with materially broader geography and scale.

Direct peers

• Inmobiliaria Colonial SOCIMI: Spanish/Parisian office-focused SOCIMI. Closely comparable to Ibervalles' office-heavy strategy and Iberian (Madrid/Barcelona/Lisbon/Paris) geography, with Paris adding a second-tier geographic dimension Ibervalles lacks.
• Castellana Properties SOCIMI: Iberian retail-led SOCIMI sponsored by Klépierre. Comparable Spanish SOCIMI structure and Iberian focus; differs in retail tilt and external sponsor backing versus Ibervalles' family control and office/hotel mix.
• Hispania Activos Inmobiliarios SOCIMI: Former Spanish hotel-led SOCIMI (subsequently absorbed into Colonial) that ran a similar Iberian-value-add-then-listing playbook. Historic comparable on the hotel-tilted acquisition and repositioning model Ibervalles is now executing.
• Lar España Real Estate SOCIMI: Spanish SOCIMI investing across retail, offices, logistics, and residential in Iberia. Comparable vehicle type, Iberian geographic focus, and value-add repositioning strategy, though tilted more toward retail than Ibervalles' office/hotel/flexliving mix.
• Realia Business SOCIMI: Spanish SOCIMI with heritage office and residential assets, including prime Madrid exposure. Comparable structure and Madrid-centric asset base, though with a more residential/heritage tilt than Ibervalles' repositioning-driven model.
• Merlin Properties SOCIMI: Largest Spanish REIT (SOCIMI) with a diversified Iberian portfolio of offices, retail, logistics, and hotels. Direct structural and operational peer to Ibervalles — same SOCIMI vehicle, same Iberian geographic footprint, same multi-segment office/hotel exposure — but at materially greater scale.

Others

• Azora Gestión: Spanish alternative asset manager with hotel, residential, and value-add real estate strategies across Iberia and adjacent markets. Comparable Iberian value-add DNA and hospitality expertise, though structured as a manager/platform rather than a listed SOCIMI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ibervalles

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

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 Ibervalles