What CULMIA does

CULMIA is a privately held Spanish residential real estate developer founded in 2013 and headquartered in Madrid, operating across 22+ provinces through 3 regional delegations and 10 offices with approximately 140 employees. The company runs an integrated platform spanning four business lines: Vivienda Compraventa (Build-to-Sell), Vivienda Alquiler (Build-to-Rent), Vivienda Asequible (affordable/VPO housing developed with public administrations), and Gestión de Suelo (land management and urban development). Since inception CULMIA has delivered more than 8,000 homes and currently manages a portfolio of 12,400 homes, of which approximately 7,000 are in active development and more than 4,800 are affordable units under public programs such as Madrid's Plan Suma Vivienda (757 units awarded in 2025 for €116M) and Plan VIVE.

CULMIA's go-to-market is exclusively direct: properties are sold via culmia.com (in Spanish, English, and Catalan), a toll-free sales line (900 929 282), on-site pilot apartments, and competitive public tenders with municipal and regional governments. Pricing varies widely by segment — VPO units from approximately €167K, market-rate apartments from €268K (Portonovo Sanxenxo) up to €616K+ (Xaloc Parc de l'Alba), with ancillary garages, commercial spaces, and offices layered on top. The company is led by CEO Francisco Pérez Medina.

On the technology side, CULMIA operates as a digital-forward developer rather than a proptech pure play. The stack combines Building Information Modeling (BIM) for project planning, AI-powered chatbots for customer service, big-data and predictive analytics for market intelligence, generative AI for virtual tours and 3D rendering, and customer-facing tools including a mortgage calculator, energy savings calculator, downloadable guides, and the "Wikihogar" glossary. There is no public API, no proprietary AI model disclosed, and the AI layer functions as a productivity and conversion overlay on a fundamentally physical-asset business. The company's competitive positioning rests on integrated land-to-sale operations, scale, public-sector partnerships, and brand investment rather than on a differentiated technology platform.

Name

CULMIA

Legal name

Culmia

Website

https://culmia.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

CULMIA is a privately held Spanish residential real estate developer founded in 2013, operating across 22+ provinces with a 12,400-home portfolio across Build-to-Sell, Build-to-Rent, affordable housing, and land management business lines, serving individual buyers and public administrations.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Residential Building Construction (23611), Rental and Leasing Services (532), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industry

New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Residential real estate development
• New build housing
• Affordable housing
• Build to rent
• Land management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. New Build Residential Property Sales (BTS - Build to Sell): CULMIA develops and sells new residential properties (apartments, duplexes, single-family homes) directly to buyers across Spain. Properties range from affordable (VPO/social housing starting around €167,000) to market-rate homes (up to €616,000+). Revenue is generated through one-time property sales at delivery. The company operates a pipeline of approximately 7,000 homes currently in development.
2. Affordable / Social Housing (VPO): CULMIA develops affordable housing units in partnership with public administrations, including participation in government plans such as Plan VIVE and Plan Suma Vivienda of Madrid (116 million euros for 757 units). The company is driving more than 4,800 affordable homes under various public programs, generating revenue through subsidized property sales.
3. Build-to-Rent (BTR) / Rental Housing: CULMIA operates a rental housing line of business (BTR), developing and managing residential properties for the rental market.
4. Land / Soil Management: CULMIA manages land acquisition and urban development for key developments across Spain, serving as an upstream enabler for its property development pipeline.
5. Ancillary Property Sales (Garages, Commercial Spaces, Offices): CULMIA sells complementary property types including garages (from €19,000), commercial spaces (locales from €116,000 to €705,000), and offices (e.g., MyLoft Zaragoza from €110,000), typically bundled with residential developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

CULMIA is a Spanish real estate developer that builds and sells new-construction residential properties across 22+ Spanish provinces. The company operates four business lines: Build-to-Sell (BTS) market-rate housing, Build-to-Rent (BTR) rental housing, affordable/social housing (VPO) developed in partnership with public administrations, and land/soil management. Since 2013, it has delivered over 8,000 homes and manages a portfolio of 12,400 homes, with 7,000 currently in development.

Product overview

CULMIA is a leading Spanish real estate development platform with an integrated management model covering all phases of housing development. The company operates four main business lines: Vivienda Compraventa (buy-to-sell/BTS), Vivienda Alquiler (build-to-rent/BTR), Vivienda Asequible (affordable housing), and Gestión de Suelo (land management). Since 2013, the company has delivered over 8,000 homes and currently manages a portfolio of 12,400 homes, with 7,000 in development. The product portfolio includes new residential developments across 22+ Spanish provinces, plus ancillary products (garages, commercial spaces, offices) and digital tools including mortgage and energy calculators, downloadable guides, and educational content. The company employs approximately 140 professionals across 3 regional offices and 10 locations, with a strong focus on sustainability, energy efficiency, and innovation including AI applications for property management, market analysis, and customer service.

Differentiator

Problem solved

Functional benefit

Products and services

• Vivienda Compraventa (BTS - Build to Sell)

Quantifiable outcome

• 82.2% of Spaniards prefer property ownership (up from 70.8% in prior edition)
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Sigma DosminorStrategic or Co-development Partner · 1 June 2026Sigma Dos, a Spanish market research firm, conducted the third edition of the 'Home Buyer Journey in Spain' report on behalf of CULMIA. The report surveyed Spanish home buying preferences and behaviors, providing CULMIA with market intelligence and thought leadership content.
• City of Madrid (Plan Suma Vivienda)coreStrategic or Co-development Partner · 1 April 2025CULMIA was awarded a contract by the City of Madrid under the Plan Suma Vivienda program to develop 757 affordable housing units, representing an investment of €116 million. This is a flagship public-private partnership in which CULMIA serves as the development partner for the municipal government.
• Various Public Administrations (Plan VIVE and other initiatives)coreStrategic or Co-development PartnerCULMIA is actively promoting more than 4,800 affordable housing units in partnership with various public administrations, including participation in government housing plans such as Plan VIVE and other regional initiatives in Valencia and other parts of Spain.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Inmobiliaria del Sur: Inmobiliaria del Sur is a Spanish listed real-estate company active in residential development and management across Andalusia and other regions, with a comparable mix of development and rental exposure.
• Vía Célere: Vía Célere is a Spanish new-build residential developer with national presence in Madrid, Barcelona, and other primary markets, making it a direct comparable in BTS product and Spanish focus.
• Pryconsa: Pryconsa is one of Spain's largest private residential developers with decades of new-build delivery history, providing a relevant scale and model comparison to CULMIA's integrated development approach.
• Metrovacesa: Metrovacesa is a long-established Spanish residential developer with a substantial home-building pipeline. Its product mix (BTS plus active participation in affordable housing programs) closely mirrors CULMIA's four-line approach.
• Gestilar: Gestilar is a Spanish residential developer focused on new-build BTS homes in primary markets, with comparable product offering and target customer segments.
• Neinor Homes: Neinor Homes is one of Spain's largest listed residential developers focused on new-build homes in primary Spanish markets. It is a direct comparable to CULMIA given its similar new-build BTS model and Spanish regional footprint.
• Habitat Inmobiliaria: Habitat Inmobiliaria is a Spanish homebuilder active in primary Spanish markets with a similar BTS new-build model. It is directly comparable to CULMIA's residential development core.
• Aedas Homes: Aedas Homes is a listed Spanish homebuilder specializing in new-build residential developments across Spain's main cities. It directly competes with CULMIA on BTS product, scale, and primary-market geography.

Broad incumbents

• Acciona Inmobiliaria: Acciona Inmobiliaria is the real-estate arm of the global Acciona infrastructure group, offering residential and broader development. It is comparable as a broader-incumbent Spanish developer with more diversified backing than CULMIA.

Emerging players

• Quabit: Quabit is a smaller Spanish residential developer that has gone through restructuring; it competes at the edge of CULMIA's primary geographies and product type but with a smaller active pipeline.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Culmia_Oficial
• Facebookfacebook.com/Culmia.oficial

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 CULMIA