Saint Croix Holding

What Saint Croix Holding does

Saint Croix Holding Immobilier, SOCIMI, S.A. is a Spanish real estate investment company operating under the SOCIMI (Sociedad Cotizada de Inversión en el Mercado Inmobiliario) regime, the Spanish equivalent of a REIT. Incorporated under Luxembourg law in December 2011 and redomiciled to Madrid in October 2014 (CIF A87093902), the company has been publicly traded since 2011, with its listing transferred from the Luxembourg Stock Exchange to Spain's BME Scaleup segment of BME MTF Equity effective 30 July 2025. It functions as the SOCIMI vehicle of Grupo Pryconsa, a 56+ year Spanish construction and development group led by CEO Marco Colomer, who serves as President and CEO of both entities. The portfolio comprises approximately 38 income-producing properties with a gross market value of €786.6 million as of September 2024.

The company's real estate is diversified across four asset classes: 7 hotels (1,659+ rooms total — INNSiDE by Meliá Madrid Valdebebas, Innside Madrid Gran Vía, Meliá Atlántico Isla Canela, Barceló Isla Canela, Vila Galé Isla Canela, Playa Canela, Isla Canela Golf), 18 office buildings (including SENTIA 19-21 / Julián Camarillo 19-21 with LEED Gold certification, Arapiles 14 with BREEAM, José Abascal 41 with BREEAM Very Good, Cantabria 51, Santiago de Compostela 100, Pradillo 42, Valle de la Fuenfría 3, Titán 13), 12 commercial retail properties (Centro Comercial LESÏX / Sexta Avenida, Gran Vía 34, Gran Vía 55, Cuatro Caminos, Goya 59, Marina Isla Canela, Plaza España Castellón, and others), and 1 healthcare facility (Hospital Blua Sanitas Valdebebas, 33,371 m²). Tenants include Meliá Hotels International, Sanitas (Bupa Group), Grupo Planeta, ESADE, Viajes El Corte Inglés, Cabify, Exolum, the Comunidad de Madrid regional government, Zara, Mercadona, ALDI, Ecoalf, Primor, and Levi Strauss. There is no proprietary technology platform — the company is a capital-intensive asset operator, not a software business.

Revenue is generated through long-term commercial leases, with the SOCIMI regulatory framework subjecting the company to a 0% corporate tax rate and a mandatory distribution of at least 80% of rental profits as dividends. The 9M 2025 revenue was €28.1 million (+17% YoY), and full-year 2025 EBITDA reached €34.1 million (+16% YoY). Portfolio occupancy stood at 85% as of September 2024, up 2 percentage points year-over-year. Pricing is negotiated per lease and not publicly disclosed. Distribution is direct — the company owns, manages, and leases properties to enterprise tenants without third-party broker intermediation, with the exception of selective advisor engagements (Cushman & Wakefield Hospitality, Savills, aProperties, CBRE Building Consultancy). Investor communications run through the corporate website's investor relations section, LinkedIn, BME Scaleup market presence, and mandatory CNMV regulatory filings.

Name

Saint Croix Holding

Legal name

Saint Croix Holding Immobilier, Socimi, S.A.

Website

https://saintcroixhi.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Saint Croix Holding is a Spanish SOCIMI (REIT) and the real estate investment vehicle of Grupo Pryconsa, owning 38 hotels, offices, retail, and healthcare properties in Spain with a €786.6M portfolio, listed on BME Scaleup.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Resort & Branded Residence Vacation Rental Management (BPAJAIAE)

Keywords

• Commercial real estate leasing
• Real estate investment trust
• Hotel property leasing
• Office property leasing
• SOCIMI REIT

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Rental Income from Real Estate Portfolio: Saint Croix generates revenue primarily through long-term commercial leases across four property types: hotels (operated by international chains such as Meliá, Barceló, Vila Galé), office buildings (tenants include Grupo Planeta, Viajes El Corte Inglés, ESADE, Cabify), commercial retail (tenants include Zara, Primor, Ecoalf, ALDI, Mercadona), and healthcare facilities (Sanitas hospital). As a SOCIMI, the company is required to distribute at least 80% of rental profits as dividends. Revenue is recurring and contract-based with long-term lease obligations.
2. Asset Disposal Gains: The company occasionally sells real estate assets. In 2021, asset disposals generated a net gain of €8.97 million. These are episodic/transaction-based revenues distinct from recurring rental income.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Saint Croix Holding is a publicly listed Spanish SOCIMI (REIT) that acquires, develops, and directly leases a diversified portfolio of 38 income-producing urban real estate assets across four segments: hotels, offices, retail/commercial, and healthcare. The company generates recurring rental income through long-term contracts with blue-chip tenants including Meliá Hotels, Sanitas, Grupo Planeta, ESADE, Zara, Mercadona, and the Comunidad de Madrid. As a SOCIMI, the company is required to distribute at least 80% of its rental profits as dividends.

Product overview

Saint Croix Holding Immobilier, SOCIMI, S.A. is a publicly listed real estate investment company (SOCIMI - Spanish REIT) that acquires, develops, and manages income-producing real estate assets in Spain. The company operates a diversified portfolio of 38 properties across four main segments: (1) Hotels: 7 properties including INNSIDE by Meliá Madrid Valdebebas, Barceló Isla Canela, Meliá Atlántico Isla Canela, and Vila Galé Isla Canela totaling over 1,659 rooms; (2) Offices: 18 properties including SENTIA 19-21 (LEED Oro certified), Arapiles 14 (BREEAM certified), and José Abascal 41 (BREEAM certified); (3) Commercial: 12 retail assets including Centro Comercial LESÌX, Gran Vía retail spaces, and Marina Isla Canela; (4) Healthcare: Hospital Blua Sanitas Valdebebas operated by Sanitas. The company's business model focuses on long-term leasing to creditworthy tenants with portfolio occupancy rates exceeding 85%.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Property Leasing Portfolio Long-term commercial lease of hotel properties to international and domestic hotel operators in prime Madrid (Valdebebas, Gran Vía) and resort locations (Isla Canela, Huelva). Hotel operators run the properties under their brands while Saint Croix retains ownership.
• Office Property Leasing Portfolio

Quantifiable outcome

• EBITDA grew 16% to €34.1M in FY 2025
• +4 more outcomes

Named customers19 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

Ten partnerships are on record, tiered core and minor.

• ESADE (Universidad Internacional de la Empresa)coreStrategic or Co-development Partner · 15 March 2024ESADE leased 4,800 m² at Valle de la Fuenfría 3, Madrid (Mirasierra) for a new campus housing Executive MBA, PMD, AMP, Executive Masters in Finance, Digital Business, and Marketing, plus open and in-company programs. Saint Croix and ESADE jointly invested in renovating all building systems, parking, and exterior areas. Savills provided commercial advisory.
• SavillsminorImplementation/ SI/ Consulting Partner · 15 March 2024Savills acted as commercial advisor to Saint Croix in the ESADE lease transaction at Valle de la Fuenfría 3, Madrid. Savills provided commercial advisory services for the deal.
• aPropertiesminorChannel Partner/ Reseller/ Distributor · 17 January 2024aProperties acted as the leasing agent (intermediary) in the Ecoalf lease transaction for office space at Gran Vía 1, Madrid.
• Vila GalécoreStrategic or Co-development Partner · 7 September 2023Vila Galé, a Portuguese hotel chain operating 31 hotels in Portugal and 10 in Brazil, opened its first Spanish property at Isla Canela in April 2024. Saint Croix owns the property and Vila Galé operates the 300-room hotel following a complete renovation. Cushman & Wakefield Hospitality advised on the operator search.
• Cushman & Wakefield HospitalityminorImplementation/ SI/ Consulting Partner · 7 September 2023Cushman & Wakefield Hospitality advised Saint Croix on the search for a hotel operator for the Isla Canela property, which resulted in the Vila Galé partnership. The advisory covered identifying and selecting the international hotel brand.
• El Corte Inglés / Viajes El Corte InglésminorStrategic or Co-development Partner · 10 August 2022Saint Croix acquired an office building at Avenida de Cantabria 51, Madrid (9,237 m², 75 parking spaces) from El Corte Inglés on 1 August 2022. Viajes El Corte Inglés is the existing long-term tenant with its headquarters in the building, providing contracted rental income.
• Sanitas (Grupo Bupa)coreStrategic or Co-development Partner · 1 April 2022Sanitas, part of Bupa Group, is the tenant and operator of Hospital Blua Sanitas Valdebebas (33,371 m²), described as 'the most modern hospital in Europe.' Saint Croix promoted and owns the property. The hospital opened in 2025 and features digital health services, an Oncology Institute, Mental Health Institute, and Advanced Rehabilitation Center.
• Meliá Hotels InternationalcoreStrategic or Co-development Partner · 8 March 2022Meliá Hotels International operates multiple hotel properties owned by Saint Croix: Innside by Meliá Madrid Valdebebas (273 rooms, opened 2024), Innside Madrid Gran Vía / Tryp Cibeles (117 rooms), Meliá Isla Canela (359 rooms, renovated 2024 with €6M+ investment), and Meliá Atlántico Isla Canela. Marco Colomer, CEO of Saint Croix HI, noted the partnership combines Meliá's operational excellence with Pryconsa's real estate development expertise.
• Grupo PlanetacoreStrategic or Co-development Partner · 14 October 2021Grupo Planeta, through its education division, leases the entire building at Calle Arapiles 14, Madrid (6,777 m²) for the headquarters of UNIE Universidad Internacional de la Empresa. The building was delivered after a full renovation completed on schedule, managed by CBRE Building Consultancy as main contractor and project supervisor. BREEAM certification is being pursued.
• Pryconsa (Grupo Pryconsa)coreStrategic or Co-development Partner · 1 December 2011Pryconsa is the parent company and majority shareholder of Saint Croix Holding Immobilier, SOCIMI, S.A. Saint Croix serves as the real estate investment vehicle (SOCIMI) of the Pryconsa group. Pryconsa acts as 'project manager' for construction and development projects promoted by Saint Croix, as demonstrated in the Valdebebas hotel and hospital developments. Pryconsa has 56+ years of history in the Spanish real estate and construction market.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Elix Vintage Residencial SOCIMI: Emerging Spanish SOCIMI focused on residential rental assets. Comparable as a smaller, recently listed domestic SOCIMI under the same tax regime, though with residential rather than commercial orientation.
• Témpore Properties SOCIMI: Smaller Spanish SOCIMI with residential rental assets. Comparable as a domestic small-cap SOCIMI under the same regulatory framework, useful as a size and structure benchmark.

Direct peers

• Merlin Properties SOCIMI: Largest Spanish SOCIMI with diversified offices, retail, logistics, and data center assets across Iberia. Directly comparable to Saint Croix as a Spanish REIT under the same SOCIMI regime, but at materially larger scale and broader asset mix.
• Castellana Properties SOCIMI: Spanish retail-anchored SOCIMI operating shopping centers. Comparable to Saint Croix's commercial segment (e.g., Centro Comercial LESÌX with Mercadona) and SOCIMI regime, though more retail-concentrated.
• Inmobiliaria Colonial SOCIMI: Prime office-focused SOCIMI with significant exposure to Paris, Madrid, and Barcelona CBD. Comparable to Saint Croix on Madrid CBD office exposure, ESG-certified Grade-A stock, and SOCIMI tax regime.
• Vivenio Residencial SOCIMI: Spanish SOCIMI focused on residential rental. Comparable as a domestic SOCIMI under the same Ley 11/2009 regime, though with a different asset class (residential vs. Saint Croix's commercial focus).
• Hispania Activos Inmobiliarios: Former Spanish SOCIMI (delisted 2018 following Blackstone takeover) with hotel and office exposure. Closely comparable historical analog for Saint Croix's hotel-plus-office commercial real estate model under the SOCIMI framework.
• Lar España Real Estate SOCIMI: Spanish SOCIMI focused on retail and office assets with a similar small-to-mid cap profile on BME Growth. Directly comparable as a domestic-only REIT investing in commercial properties leased to blue-chip tenants.

Broad incumbents

• Grupo El Corte Inglés (Real Estate): Spanish retail and real estate conglomerate; sold the Avenida de Cantabria 51 asset to Saint Croix. Comparable as a major Spanish owner/operator of commercial and retail real estate, though with broader retail operations beyond pure REIT leasing.
• Grupo Pryconsa: Saint Croix's parent company and majority shareholder, a 56+ year-old Spanish real estate developer and constructor. Closely tied as the integrated development partner but operates across broader residential development rather than pure investment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/saint-croix-holding-immobilier-socimi-sa/?originalSubdomain=es

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 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 Saint Croix Holding