INBISA

What INBISA does

INBISA (legal entity: Asua Grupo Inmobiliario S.L., CIF B48737795) is a privately held Spanish real estate development company founded in 1995 and headquartered in Bilbao. The company operates across three territorial divisions — Norte (Bilbao), Centro (Madrid), and Este (Barcelona) — and runs four integrated business lines: (i) Residencial, developing and selling new-build homes ranging from affordable 1-bedroom apartments to luxury penthouses; (ii) Locales, Garajes y Trasteros, selling ancillary commercial premises, parking, and storage units; (iii) Industrial-Logístico, providing purpose-built logistics and industrial facilities under Build-to-Suit and Turnkey arrangements, typically pursuing LEED and BREEAM sustainability certifications; and (iv) Terciario-Oficinas, developing and operating multi-tenant office buildings (e.g., Edificio INBISA Gran Vía 35 in Bilbao, Edificio INBISA Mas Blau in Barcelona) and mixed-use centers (Espacio Coruña, 100,000 m²).

Revenue is generated through one-time unit sales on residential and industrial-logistic developments, supplemented by recurring office rental income and ancillary sales. Pricing spans a wide range — from €160,500 for entry-level 1-bedroom units to €945,105 for penthouses, with office rentals at €7-11/m²/month and office unit sales starting around €60,880. Customer acquisition combines direct sales at territorial and project-site offices, listings on major Spanish portals (Idealista, Pisos.com, Habitaclia, Fotocasa), and bank-financing partnerships (BBVA, Santander, Kutxabank, Bankinter, Ibercaja, Abanca, Targobank, Caja Rural de Navarra).

The company's core technology centers on sustainable construction rather than digital platforms: A-class energy ratings, aerothermal heating, photovoltaic self-consumption, radiant floor heating, and saltwater pools are standard in new residential projects, while industrial-logistic projects pursue LEED/BREEAM certification. Cumulative delivery reaches 4,500+ homes, 900,000+ m² of industrial-logistic space, and 300,000+ m² of tertiary space across Spain. Marquee industrial clients include Amazon (55,000 m²), Coca-Cola (31,149 m²), Toyota (19,500 m²), and ALDI (36,450 m²).

Name

INBISA

Legal name

Asua Grupo Inmobiliario S.L.

Website

https://inbisa.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

INBISA is a privately held Spanish real estate developer (founded 1995, HQ Bilbao, parent Asua Grupo Inmobiliario S.L.) operating across residential, industrial-logistic, and tertiary-office segments in 11+ Spanish provinces. The company develops and sells homes for individual buyers, builds logistics facilities for enterprise tenants like Amazon, Coca-Cola, and Toyota, and operates multi-tenant office and mixed-use commercial centers.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

Keywords

• Residential property development
• Industrial logistics development
• Build to suit construction
• Commercial office buildings
• Turnkey real estate projects

Headquarters

HQ city

Bilbao

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Development and Sales: INBISA develops and sells residential properties including apartments, townhouses, and single-family homes. Revenue is generated through the sale of completed or off-plan residential units to individual buyers. Properties range from affordable 1-bedroom units to luxury villas.
2. Industrial-Logistic Property Development: INBISA designs and constructs industrial and logistics facilities for its own portfolio and for third-party clients including 'build to suit' projects and turnkey developments. Properties include warehouses, distribution centers, and manufacturing facilities.
3. Tertiary/Office Property Sales and Rentals: INBISA develops and commercializes office buildings and commercial spaces, offering both sales and rental options. Properties include office buildings in business parks and multi-use commercial centers like ESPACIO Coruña.
4. Ancillary Property Sales: Sale of complementary real estate assets including parking spaces (garajes), storage units (trasteros), and commercial premises (locales) attached to residential and commercial developments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

INBISA develops and sells residential properties (apartments, penthouses, townhouses, single-family homes) across seven Spanish regions, designs and constructs industrial-logistic facilities (warehouses, distribution centers, manufacturing plants) on a build-to-suit or turnkey basis for enterprise tenants, and develops commercial office buildings for sale or rent. Residential projects emphasize A-class energy efficiency with aerothermal, photovoltaic, and radiant floor systems, while logistics projects target LEED and BREEAM sustainability certifications.

Product overview

INBISA is a Spanish real estate development company founded in 1995 (under parent company ASUA Grupo Inmobiliario, S.L.) operating through three territorial divisions: Norte (Bilbao), Centro (Madrid), and Este (Barcelona). The company operates four integrated business lines: (1) Residencial for residential developments across multiple lifecycle stages, (2) Locales/Garajes/Trasteros for commercial and auxiliary spaces, (3) Industrial-Logístico offering 'Build to Suit' and 'Turnkey' logistics and industrial solutions with LEED/Breeam certifications, and (4) Terciario-Oficinas for commercial office buildings. Notable branded projects include Espacio Coruña (100,000 m² mixed-use center), Edificio INBISA Gran Vía 35 in Bilbao, and Edificio INBISA Mas Blau in Barcelona. The company has delivered over 4,500 homes, 900,000 m² of industrial/logistics space, and 300,000 m² of tertiary space.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Development (Residencial) Development and sale of residential properties across Spain, including multi-family apartments (1-4 bedrooms), penthouses with solariums, townhouses, and single-family homes. Features energy-efficient construction with aerothermal heating, photovoltaic installations, and A-class energy ratings. Available in upcoming, commercialized, and delivered phases across 11 regional markets.
• Industrial-Logistic Property Development

Quantifiable outcome

• 4,500+ homes delivered since founding in 1995
• +3 more outcomes

Named customers10 records

Segments4 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

19 partnerships are on record, tiered minor and core.

• TalgominorStrategic or Co-development Partner · 1 January 2014INBISA built a 16,862 m2 industrial facility and expanded rail yard for Talgo in Rivabellosa, Álava, completed in 2014 with a 17-month execution period.
• AlstomminorStrategic or Co-development Partner · 1 January 2010INBISA developed a 79,808 m2 industrial complex for Alstom in Santa Perpètua de Mogoda, Barcelona, including 354,568 m2 of land. The project was completed in 2010.
• AmazoncoreStrategic or Co-development PartnerINBISA developed a 55,000 m2 distribution center for Amazon in an undisclosed location, representing a flagship logistics project.
• GreenOakcoreStrategic or Co-development PartnerINBISA developed a 38,000 m2 logistics center for GreenOak Real Estate in San Fernando de Henares, Madrid, on a 60,017 m2 plot.
• Montepino/DSVcoreStrategic or Co-development PartnerINBISA developed a 19,170 m2 logistics platform for Montepino and DSV.
• ToyotaminorStrategic or Co-development PartnerINBISA developed a 19,500 m2 logistics center for Toyota in Illescas, Toledo, on a 29,400 m2 plot.
• Coca-ColaminorStrategic or Co-development PartnerINBISA developed a 31,149 m2 logistics platform for Coca-Cola in Leganés, Madrid.
• ALDI SupermercadosminorStrategic or Co-development PartnerINBISA developed a 36,450 m2 logistics platform for ALDI Supermercados in Masqueta, Barcelona, on a 97,412 m2 plot.
• Goodman/DecathlonminorStrategic or Co-development PartnerINBISA developed a 40,300 m2 logistics facility for Goodman and Decathlon in Sant Esteve Sesrovires, Barcelona.
• HaizeaminorStrategic or Co-development PartnerINBISA built a 48,810 m2 logistics facility in the Port of Bilbao for Haizea in Zierbena, Bizkaia.
• EvofitminorChannel Partner/ Reseller/ DistributorEvofit opened a 24-hour gym with over 1,700 m2 at ESPACIO Coruña in November 2024, serving more than 2,000 users. INBISA provides the commercial space for this fitness operator.
• MercadonaminorChannel Partner/ Reseller/ DistributorMercadona operates in the commercial and leisure area of ESPACIO Coruña (15,000 m2), a multi-use center developed by INBISA.
• Cines YelmominorChannel Partner/ Reseller/ DistributorCines Yelmo operates at ESPACIO Coruña commercial and leisure area, part of INBISA's multi-use development.
• TEDiminorChannel Partner/ Reseller/ DistributorTEDi operates at ESPACIO Coruña commercial and leisure area.
• Amenabar ConstruccionesminorImplementation/ SI/ Consulting PartnerAmenabar Construcciones awarded construction contract for Residencial INBISA Viñas Viejas project (48 homes in Boadilla del Monte).
• Sacyr SAminorImplementation/ SI/ Consulting PartnerSacyr SA served as constructor for Residencial INBISA Valdebebas 169 (155 homes in Madrid).
• Construcciones San MartínminorImplementation/ SI/ Consulting PartnerConstrucciones San Martín served as constructor for Residencial INBISA Sanchinarro Valois (80 homes in Madrid).
• Sanjosé ConstructoraminorImplementation/ SI/ Consulting PartnerSanjosé Constructora served as constructor for Residencial INBISA Arxiduc in Palma de Mallorca.
• Construcciones Rubau, SAminorImplementation/ SI/ Consulting PartnerConstrucciones Rubau, SA served as constructor for Residencial INBISA Ripollet Can Clos in Barcelona.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Vía Célere: Vía Célere is a Spanish residential developer focused on primary residential markets across Spain with a similar multi-region strategy and customer profile. Backed by institutional investors (recently acquired via buyout), operates at comparable scale and product spec to INBISA's residential line.
• Grupo Lar: Grupo Lar is a Spanish/International real estate developer with diversified segments including residential and commercial. Comparable to INBISA's multi-segment model spanning residential plus commercial/offices, with experience delivering institutional-grade projects for large occupiers and investors.
• Aedas Homes: Aedas Homes is a major Spanish residential developer (listed on BME Growth/continuous market) specializing in primary-residence new build across Spain's main metropolitan areas. Highly comparable product offering, target buyer, and energy-efficiency-led value proposition. Operates at materially larger scale than INBISA.
• Neinor Homes: Neinor Homes is a leading Spanish residential developer with a national footprint focused on for-sale new-build housing. Directly comparable to INBISA's residential development model, with similar energy efficiency positioning and multi-region presence. Larger scale (listed, ~3,000+ homes/year), serving as a benchmark for INBISA's addressable growth.
• Metrovacesa: Metrovacesa is a Spanish listed real estate developer with a sizable land bank and residential focus across Spain's main markets. Direct comparable on for-sale residential primary-home development, with overlapping geographies (Madrid, Barcelona, Sevilla, Málaga, Valladolid). Operates at larger scale than INBISA.
• Pryconsa: Pryconsa is a family-owned Spanish residential developer with a nationwide footprint and decades of experience delivering new-build housing. Comparable multi-region residential developer with overlapping markets (Madrid, Castilla y León). Mid-market scale similar to INBISA.
• Habitat Inmobiliaria: Habitat Inmobiliaria is a Spanish residential developer with national presence, focused on for-sale new-build housing in prime locations. Operates a similar multi-region platform (Madrid, Cataluña, Andalucía, Levante) targeting family and first-time buyers with comparable product and energy-efficiency positioning.
• Panattoni: Panattoni is a major European logistics and industrial real estate developer with active operations in Spain. Directly comparable to INBISA's industrial-logistics Build-to-Suit platform, serving similar enterprise customers with logistics and distribution center developments including LEED/BREEAM-certified projects.

Regional players

• Amenabar: Amenabar is a Basque Country-based real estate developer and constructor with primary presence in the Basque region, Navarra, and the wider north of Spain. Operates as both developer and constructor in residential and tertiary segments, with overlapping geographies and product types to INBISA's Northern Territory.

Broad incumbents

• Goodman Group: Goodman Group is a global logistics real estate developer and owner with established operations in Spain. Comparable on INBISA's industrial-logistics development line — INBISA has previously developed a 40,300 m² facility for Goodman/Decathlon. Operates at materially larger scale globally.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/inbisagrupo
• LinkedInlinkedin.com/company/inbisa

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 INBISA