Grupo Alfil

What Grupo Alfil does

Grupo Alfil is a Marbella-based, family-controlled real estate group founded in 1952 and now operating through Alfil Patrimonial SOCIMI S.A., a publicly listed Spanish REIT (SOCIMI) on the BME Scaleup market since 5 March 2024. The company invests in and operates a diversified portfolio of 22 properties with over 43,790 m² of above-ground surface area and a market value of €73.5 million, anchored along the Costa del Sol and in the Teatinos university district of Málaga.

The portfolio spans multiple asset classes: the Alfil Building (prime Marbella offices), Hotel Baviera (a 41-room 3-star hotel in central Marbella), the Alfil University Residence plus the Albéniz and Aleixandre buildings (combined capacity exceeding 400 students near the University of Málaga), Multicines Alfil (an 8-screen cinema and leisure complex in Fuengirola), commercial premises leased to national tenants such as ALDI and LIDL and healthcare providers such as Clínica Alemana and Neolife, parking facilities, residential buildings, and a land bank capable of supporting more than 400 future homes plus a 1,200-home pipeline. There are approximately 500 tenants in total.

The business model is recurring-rent driven: long-term commercial leases on offices, retail, and student accommodation form the core revenue stream, supplemented by operating income from the hotel, cinema, and parking assets. Distribution is direct B2B leasing with no intermediaries, and the SOCIMI regime mandates high payout ratios and tax transparency. FY2025 results show a 21% profit increase, a 37% dividend increase, and a 5% debt reduction, with leverage at 14%, positioning the group as one of Andalusia's more significant listed SOCIMIs by regional footprint and tenant diversification.

Name

Grupo Alfil

Legal name

Alfil Patrimonial Socimi S.A.

Website

https://alfilsocimi.com

Company type

Public

Founded year

1952

Operating status

Operating

Headcount range

11–50 employees

Short description

Grupo Alfil is a Marbella-based, family-controlled Spanish REIT (SOCIMI) listed on BME Scaleup, investing in and operating a diversified €73.5M portfolio of offices, hotels, student housing, cinemas, retail, and parking across Andalusia's Costa del Sol.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Rental (SOCIMI / REIT)

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532), Management of Companies and Enterprises (55)

SIC

Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industries

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Commercial real estate leasing
• Student housing
• Hotel operations
• Real estate investment
• Property asset management

Headquarters

HQ city

Málaga

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Leasing: Rental income from offices, commercial premises, and retail spaces along the Costa del Sol, including the Alfil Building in Marbella and various retail premises.
2. Hotel Operations: Revenue from Hotel Baviera operations in Marbella, a 3-star hotel with 41 double rooms.
3. Student Housing: Rental income from the Alfil University Residence (188 rooms) and student apartments in Málaga's Teatinos campus area, accommodating over 400 university students.
4. Leisure Complex: Revenue from Multicines Alfil cinema complex in Fuengirola with eight theaters and commercial premises.
5. Parking Operations: Income from parking facilities including the 144-space parking at Parque del Sol in Fuengirola.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Grupo Alfil, through its listed SOCIMI arm Alfil Patrimonial Socimi S.A., invests in and leases a diversified portfolio of 22 real estate assets across Andalusia and the Costa del Sol, comprising offices, commercial premises, student housing, a hotel, a cinema complex, parking facilities, residential dwellings, and developable land. The group earns revenue primarily from rental income, complemented by hotel and cinema operations. Its portfolio spans 43,790.02 m² above ground with a market valuation of approximately 73.5 million EUR.

Product overview

Alfil Patrimonial Socimi SA operates as a diversified real estate investment company (SOCIMI) managing a portfolio of 22 properties valued at €73.5 million with over 43,790 m² above ground. The portfolio spans multiple property types including office buildings (Alfil Building), student housing (Alfil Student Residence, Aleixandre, Albéniz Buildings), hotels (Hotel Baviera), entertainment (Multicines Alfil), commercial premises (leased to ALDI, LIDL, clinics), parking facilities, residential buildings, and development land. The company also operates social responsibility programs including the Francisco Gómez Reyes scholarship initiative and sponsors the Alfil Real Estate Chair at San Telmo Business School.

Differentiator

Problem solved

Functional benefit

Brands

• Multicines Alfil: Leisure complex and movie theater with eight screens in Fuengirola, Costa del Sol
• Hotel Baviera
• Alfil University Residence

Products and services

• Alfil Building (Edificio Alfil) — Office and commercial leasing Multi-tenant office and commercial building in Marbella leased to professional firms and retailers under individual lease agreements. Tenant base includes law firms, dental clinics, supermarkets, and retail chains.
• Student Residence — Aleixandre Building Purpose-built student residence in Marbella providing furnished rooms and bed rentals to university students on school-year or semester leases.
• Student Residence — Albéniz Building Purpose-built student residence in Marbella providing furnished rooms and bed rentals to university students on school-year or semester leases.
• Student Residence — Plaza de Toros Building Purpose-built student residence in Marbella (Plaza de Toros area) providing furnished rooms and bed rentals to university students.
• Hotel Baviera Hotel in Marbella offering short-stay accommodation to leisure and business travelers visiting the Costa del Sol, generating per-night room revenue.
• Multicines Alfil — Cinema complex Multi-screen cinema in Marbella selling movie tickets and concessions to local residents and visitors.
• Parking facilities Parking facilities in Marbella generating short-stay and contracted parking revenue.
• Commercial premises (retail and supermarket space) Retail and supermarket units leased to consumer-facing operators in Marbella and other Andalusian municipalities, contributing stable rental income.
• Residential rental portfolio Residential dwellings leased to individual tenants, generating recurring residential rental income.

Quantifiable outcome

• 21% profit increase in fiscal year 2025
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship and core.

• San Telmo Business SchoolflagshipStrategic or Co-development Partner · 23 September 2022Alfil Real Estate Chair established at San Telmo Business School, with Grupo Alfil's president Francisco Gómez Palma as sponsor and chair of the advisory board. The chair serves as a platform for academic and business analysis in the real estate sector, bringing together industry experts for discussions on real estate challenges and opportunities.
• KPMGcoreImplementation/ SI/ Consulting PartnerTax Advisory and Legal DUE services for SOCIMI compliance and regulatory requirements.
• AndersencoreImplementation/ SI/ Consulting PartnerCorporate and Secretarial Advisory Services for governance and compliance.
• GesvaltcoreImplementation/ SI/ Consulting PartnerAsset valuation services for the company's real estate portfolio.
• Andsocimi (Asociación Andaluza de Socimi y Empresas Cotizadas)coreOthersAlfil Patrimonial Socimi co-founded the Andalusian Association of SOCIMIs and Listed Companies to promote dissemination of SOCIMI matters and represent the sector before administration.

Scale indicators12 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Merlin Properties SOCIMI: Largest Spanish SOCIMI by market cap with a diversified portfolio of offices, retail, logistics, and data centers across Iberia. Comparable to Grupo Alfil in SOCIMI structure and multi-asset-class strategy, though at materially larger scale and national footprint.
• Greystar Real Estate Partners: Global leader in Purpose-Built Student Accommodation (PBSA) and rental housing management. Directly comparable to Grupo Alfil's Alfil University Residence operation (188 rooms, ~15% of Málaga student housing), though operating globally and at vastly larger scale.
• Inmobiliaria Colonial SOCIMI: Major Spanish SOCIMI focused on prime CBD office assets in Barcelona, Madrid, and Paris. Directly comparable as a Spanish-listed REIT with a leasing-driven model targeting professional/commercial tenants, albeit at significantly larger scale and focused on prime offices.
• NH Hotel Group: Spanish-headquartered urban and resort hotel operator with significant presence across Spain and Europe. Comparable as a Spanish hospitality operator serving the same Costa del Sol demand drivers that Hotel Baviera depends on, providing a benchmark for Spanish hotel economics and tourism-cycle exposure.
• Lar España SOCIMI: Spanish SOCIMI specializing in retail properties (shopping centers and parks) across Spain. Comparable in SOCIMI structure and in the retail leasing segment that Grupo Alfil serves (ALDI, LIDL tenants), though exclusively retail-focused and at larger scale.

Emerging players

• Unite Group: UK-listed REIT specializing in Purpose-Built Student Accommodation, providing a pure-play comparable for Grupo Alfil's student housing segment. Different geography but directly relevant for benchmarking unit economics, occupancy models, and growth trajectories in PBSA.

Direct peers

• Neinor Homes: Spanish residential property developer listed on the Madrid Stock Exchange with a sizable land bank for home development. Comparable to Grupo Alfil's residential development pipeline (400+ future homes) and Spanish real estate market exposure, though focused exclusively on for-sale residential rather than rental.
• Aedas Homes: Spanish residential developer listed on BME Growth with a nationwide land bank for home delivery. Comparable as a Spanish-listed real estate company with significant development pipeline similar to Grupo Alfil's 400+-home land bank.
• Realia Business: Spanish real estate company with a diversified portfolio of offices, retail, and residential assets across Madrid, Barcelona, and other Spanish cities. Closely comparable to Grupo Alfil in mixed-use portfolio and direct leasing model, though with a more national footprint.

Regional players

• Meliá Hotels International: Spanish-headquartered global hotel operator with strong Costa del Sol and Mediterranean resort presence. Comparable to Grupo Alfil's Hotel Baviera operations as a Spanish hospitality player, though operating at chain scale rather than a single 41-room asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Alfil