LandCo

What LandCo does

LandCo (Landcompany 2020, S.L.U.) is a Madrid-headquartered Spanish real estate company and a wholly-owned subsidiary of Banco Santander, founded in 2019 and legally constituted in 2020. The company specializes in integral land development, urban planning management, and residential real estate promotion, operating a portfolio of approximately 10,000 land assets covering 16 million square meters, with more than 4,000 homes in active development. It serves institutional capital partners, homebuilders, and end homebuyers across Spain and, more recently, Portugal.

The business is built on an industrialized approach to land management: LandCo aggregates raw and semi-developed land through six regional offices, secures urban planning approvals, and either sells entitled land to third-party developers or co-develops homes through joint ventures. Revenue mechanics combine outright land sales (e.g., the sale of 16 plots to Patron Capital for nearly €100 million), equity participation in development JVs (the 30%/70% LandCo/Patron Capital structure for 1,350 homes under a €365 million commitment), and co-development agreements with homebuilders such as AEDAS Homes for projects including RIBAMAR in the Algarve. The go-to-market targets institutional capital allocators seeking Iberian residential exposure and Spanish homebuilders seeking entitled land supply.

The company employs 11-50 people led by a management team with prior executive experience at Ferrovial, Quabit, Habitat, and Metrovacesa. Strategic priorities visible in the recent track record include scaling institutional co-investment vehicles, expanding into Portugal as a second market, and concentrating capital on larger master-planned projects such as the 1,514-unit Miralbueno development in Zaragoza. The business model is capital-intensive but increasingly capital-light at the margin as JV structures shift development risk toward external partners while LandCo retains origination, planning, and asset-management fees.

Name

LandCo

Legal name

Landcompany 2020, S.L.U.

Website

https://landco.es

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

LandCo is a Madrid-based, Banco Santander-owned real estate company that aggregates, plans, and develops residential land across Spain and Portugal, serving institutional capital partners and homebuilders through joint ventures and direct land sales.

Ownership category

akta.pro rank

Product category

Real Estate Development and Land Management

NAICS

Land Subdivision (23721), New Housing For-Sale Builders (236117), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Land Administration & Cadastral Services (Public Land Records, Parcel Management) (BPAIANAH)

Keywords

• Land development services
• Residential property promotion
• Urban planning management
• Land commercialization
• Real estate development

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Land Sales: Sale of developed and undeveloped land including residential, tertiary, industrial, and rural land parcels. LandCo manages a portfolio of approximately 10,000 land assets across Spain and Portugal.
2. Residential Property Development and Sales: Development and sale of new residential properties including apartments, duplexes, and single-family homes. Current portfolio of over 4,000 homes in development across Spain, with recent projects including Blázar (76 units), Bōrea (99 units), and aqua 360 (140 units).
3. Urban Development Management Services: Professional urban planning management including management of compensation boards (over 450 active), urban development planning, and qualified asset management for third parties. Revenue generated through management fees and development services.
4. Joint Development Revenue: Revenue from co-investment partnerships where LandCo retains partial ownership (30% in Patron Capital joint venture) while providing development management, licensing, sales, construction, and post-sale services for jointly developed properties.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

LandCo is a subsidiary of Banco Santander specialized in integral land development across its full lifecycle — from urban planning and management of compensation boards, to land commercialization (residential, tertiary, industrial, and rural), to residential property promotion including design, licensing, construction, sales, and after-sales. The company manages a portfolio of approximately 10,000 land assets and more than 4,000 homes in development across Spain and Portugal.

Product overview

LandCo is a comprehensive real estate land development and property promotion company owned by Banco Santander. The company operates three interconnected core services: (1) Gestión Urbanística (Urban Land Management) for analysis, planning, and professional management of urban land; (2) Comercialización de Suelo (Land Trading) for selling various land types including residential, commercial/tertiary, industrial, agricultural, and facilities land; and (3) Promoción Inmobiliaria (Real Estate Promotion) for residential developments including project design, licensing, sales, construction, and after-sales. The portfolio spans over 10,000 land assets across Spain and Portugal with over 4,000 homes in development. Recent property developments include Blázar by LandCo (76 single-family homes in Madrid), Bōrea by LandCo (99 apartments in Madrid), aqua 360 by landCo (140 waterfront homes in Fuerteventura), and RIBAMAR (joint project with AEDAS Homes in Portugal).

Differentiator

Problem solved

Functional benefit

Products and services

• Gestión Urbanística (Urban Land Management) Urban land management and development services including analysis, planning, professional management of urban land, and administration of compensation boards to create more humane, efficient, and sustainable cities. Targeted at landowners, developers, and public-sector partners.
• Comercialización de Suelo (Land Trading and Sales) Land trading and sales services offering residential, tertiary, industrial, rural, and facilities land for sale, aligned with client investment objectives. Targeted at land investors, developers, and institutional buyers.
• Promoción Inmobiliaria (Residential Real Estate Promotion) Residential real estate promotion services covering project design, license procurement, sales, construction, and after-sales support for new-build homes. Targeted at individual home buyers.
• Blázar by LandCo 76 semi-detached single-family homes with 4-5 bedrooms in Villanueva de la Cañada, Madrid, featuring private gardens of nearly 100 m² and optional private pools. Type B: 151.42 m² from €781,000; Type A: 207.02 m² from €940,000.
• Bōrea by LandCo 99 apartments with 2-3 bedrooms in Los Cerros, Vicálvaro, Madrid, featuring contemporary design, pool, gym, gastroteca, cinema room, and landscaped areas. Prices range from €366,000 to €529,000.
• aqua 360 by landCo 140 waterfront homes with 1-3 bedrooms in Corralejo, Fuerteventura, featuring first-line ocean views, gardens, pool, gym, gastrospace, and rooftop 360 Club. Prices from €196,000 with delivery Q1 2028.
• landCo Can Colomer 3 105-home residential development in Terrassa, Barcelona, situated in a new urban development area north of the city, priced from €168,000 with garage and storage included.
• landCo Pobla 3 Residential property development in Pobla de Farnals, Valencia, part of LandCo's ongoing residential portfolio across Spain.
• RIBAMAR Joint residential project with AEDAS Homes in Portimão, Algarve, Portugal — a 16-floor tower with 116 homes of 1-4 bedrooms featuring terraces up to 60 m², pool, gym, spa, and coworking space. Sales volume target of over €70M.

Quantifiable outcome

• Reduced initial portfolio by 4,000+ assets while reinforcing market presence in Spanish residential sector
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• AEDAS HomescoreStrategic or Co-development Partner · 1 July 2025Strategic partnership for residential development in Algarve, Portugal. First project RIBAMAR in Portimao: 116 homes with €70M+ revenue target, 14,000 m² residential and 2,200 m² commercial buildable area. AEDAS Homes provides international sales expertise; LandCo contributes local land portfolio. LandCo has 4 land plots in Algarve with capacity for nearly 500 homes. Joint society constituted for project management. Works expected to start Q2 2026. First collaboration between the two sector leaders with potential for three additional towers.
• Patron CapitalcoreStrategic or Co-development Partner · 1 November 2024Strategic joint venture for residential development in Spain. Agreement signed November 2024 to develop 1,350 homes over 5 years with €365M investment. Joint vehicle: 30% LandCo, 70% Patron Capital. LandCo sold 16 land plots worth nearly €100M to Patron with ~145,000 m² buildable area. LandCo manages full development lifecycle from design through licensing, sales, construction, and post-sale. Initial portfolio concentrated in Madrid, Sevilla, and Málaga (75%+), plus Barcelona, Gerona, and Fuerteventura. First phase: 540 homes in Madrid, Barcelona, Málaga, Sevilla, and Fuerteventura.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Habitat Inmobiliaria: Spanish residential developer backed by Bain Capital, focused on first-home developments in major Spanish cities. Comparable product offering, customer base and Spanish geographic footprint; the LandCo CEO also serves on Habitat's board, signaling deep industry overlap.
• Vía Célere: Spanish residential developer active in Madrid, Barcelona, Málaga, Sevilla and other primary markets with a multi-thousand-home pipeline. Directly comparable on product, customer, geography and for-sale business model, making it one of LandCo's closest competitors in primary urban submarkets.
• Realia: Spanish real estate company with residential development and land management activities, owned by Carlos Slim's FCC/Realia structure. Comparable to LandCo on dual exposure to land management and residential promotion in Spain.
• Neinor Homes: One of Spain's largest listed residential developers, delivering new-build homes in primary Spanish markets. Comparable as a direct competitor for end-buyer demand in cities like Madrid, Barcelona, Málaga and Sevilla, where LandCo is also developing through its Patron Capital JV pipeline.
• Quabit Inmobiliaria: Spanish residential developer with a national footprint in new-build housing. Comparable on product and Spanish geography; the LandCo CEO was previously CEO of Quabit, evidencing operational familiarity with its business model and competitive positioning.
• Inmobiliaria del Sur: Andalusian-listed residential developer focused on new-build homes in southern Spain, an area where LandCo has material exposure (Málaga, Sevilla, Mijas). Comparable on product type and overlap on the Andalusian buyer pool.
• Metrovacesa: Historic Spanish residential developer with a large land bank and active homebuilding pipeline. Comparable to LandCo on land-to-home development model and Spanish geographic focus; CEO Alberto Quemada sits on Metrovacesa's board, evidencing direct operational and strategic overlap.
• AEDAS Homes: Listed Spanish residential developer focused on new-build homes across Spain's main metropolitan areas. Directly comparable to LandCo on product (new-build for-sale homes) and customer (Spanish end-buyers and institutional partners); LandCo is in fact partnered with AEDAS Homes in the Portuguese RIBAMAR JV, underscoring direct overlap in capabilities and target market.

Regional players

• ACR Grupo: Andalusian residential developer and land manager with exposure to southern Spanish markets. Comparable on the land-development-promotion model in regions where LandCo has active promotions (Málaga, Sevilla), though ACR's footprint is more regionally concentrated than LandCo's national platform.

Broad incumbents

• Servihabitat: Spanish servicer managing large distressed and bank-owned real estate portfolios for institutional owners. Comparable as a broad incumbent in Spanish land and asset management, though its core business is servicing rather than promotion like LandCo.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@LandCo_es
• Facebookfacebook.com/profile.php?id=100082992745955&locale=es_ES
• LinkedInlinkedin.com/company/landcoespana
• Instagraminstagram.com/landco.es

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 LandCo