SUBA

What SUBA does

SUBA PROYECTOS COMPARTIDOS S.L. (operating as Suba Homes) is a Spanish private real estate development company headquartered in Málaga and operating as a subsidiary of Grupo Sinerba. The company executes an integrated full-cycle development model, managing projects from land identification and acquisition through urban planning, financial structuring, construction execution, and final market commercialization. Its portfolio spans five asset classes — residential, retail/commercial parks, flexliving (build-to-rent and coliving), logistics, and hotel — with 17+ active projects across seven markets: Málaga, Granada, Almería, Sevilla, Córdoba, Madrid, and the international market of Andorra.

The company's product pipeline comprises multiple specific developments across residential (e.g., Al Aire 3, Almara Residences, Altoasis, Horno de Vidrio, La Noria Homes I, Mirador del Torcal, Residencial Roquetas), retail parks (notably the €15M Antequera Dólmenes Park, La Leala Retail, Parque Comercial Purchil, Retail Park Almotaje), flexliving (Añoreta Life Resort, Residencial Margineda, the RFAF Sevilla flagship), and logistics (Centro Logístico de Antequera). SUBA benefits from an integrated value chain through its strategic partners: Bilba provides construction execution capability and Grupo Sinerba provides financial backing and corporate support.

Revenue is generated through one-time property sales (residential units, plots, commercial assets) and recurring/lease arrangements (flexliving/BTR). The go-to-market combines direct sales for end-buyer residential, enterprise field sales for retail/logistics operators, and pre-leasing/operator agreements to de-risk commercial developments. Target customers include individual residential buyers, retail and logistics operators, institutional investors for BTS/BTR assets, and organizations such as sports federations (RFAF) for mixed-use institutional projects. The company operates no proprietary technology platform and discloses no AI/ML capabilities, with digital presence limited to a WordPress-based corporate website, Google Analytics, and standard social media channels.

Name

SUBA

Legal name

SUBA PROYECTOS COMPARTIDOS S.L.

Website

https://suba.es

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

SUBA is a Spanish private real estate developer and subsidiary of Grupo Sinerba that manages the full development lifecycle — from land acquisition through construction to commercialization — across residential, retail, flexliving, logistics, and hotel assets in Andalusia, Madrid, and Andorra.

Ownership category

akta.pro rank

Headquarters

HQ city

Humilladero

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: SUBA develops and sells new residential properties (obra nueva) including single-family plots, multi-family apartments, and townhouses. Revenue is generated through one-time property sales at completion or during commercialization phase.
2. Commercial/Retail Property Development: Development of retail parks and commercial spaces, with some projects having secured operator agreements. Revenue can come from selling developed commercial assets or from long-term lease arrangements with commercial operators.
3. Flexliving/Rental Properties: Development of flexliving projects (coliving/BTR) that may be held as rental assets or sold to institutional investors. Provides recurring rental income potential.
4. Logistics Asset Development: Development of logistics assets in strategic locations. Revenue generated through asset sales to logistics operators or institutional investors.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

SUBA is a full-cycle real estate developer that identifies, acquires, designs, builds (through in-house construction subsidiary Bilba), and commercializes real estate assets across five classes: residential (own-brand Suba Homes and premium Proform Homes), retail parks, flexliving/build-to-rent, logistics warehouses, and hotels. It operates primarily in Andalusia with expansion plans into Madrid and Andorra, serving both individual home-buyers (residential) and commercial/institutional counterparties (retail, logistics, hospitality, BTR investors).

Product overview

SUBA is an integral real estate development company offering end-to-end services from land acquisition to market commercialization. The company's portfolio comprises multiple product lines: (1) Residential developments including Al Aire 3, Almara Residences, Altoasis, Horno de Vidrio, La Noria Homes I, Mirador del Torcal, and Residencial Roquetas; (2) Retail and commercial parks including Antequera Dólmenes Park, La Leala Retail, Margineda Parc, Parcela Comercial Granada – El Grillo, Parque Comercial Purchil, Residencial + Retail Collado Villalba, Retail + Residencial Roquetas, Retail Park Almotaje, and Vélez – La Pañoleta; (3) Flexliving projects including Añoreta Life Resort, Residencial Margineda, and Sevilla RFAF; (4) Logistics including Centro Logístico de Antequera. All projects are backed by Grupo Sinerba and benefit from the company's integrated development model combining strategic vision, financial structuring, and construction execution capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Suba Homes Residential Developments (own-brand) Multi-family and single-family residential developments marketed under the Suba Homes brand across Andalusian submarkets, sold to individual home-buyers through dedicated sales channels and partner brokers.
• Proform Homes (premium residential sub-brand) Premium-tier residential developments operated as a dedicated sub-brand of SUBA, targeting higher-end individual buyers seeking differentiated design and finishes.
• Retail Parks (Parks Comerciales) Development of retail-park commercial assets for retail operators and investors, delivered on a build-to-suit or speculative basis.
• Flexliving / Build-to-Rent Developments Institutional-grade rental housing developments delivered for BTR operators, family offices, and institutional investors, including forward-funding, forward-purchase, and JV co-development structures.
• Logistics Real Estate Development Development of logistics and industrial warehouses for logistics operators, occupiers, and investors, leveraging SUBA's land-bank and in-house construction capability.
• Hotel Real Estate Development Development of hotel assets for hospitality operators and investors in Andalusian tourism corridors, delivered through SUBA's integrated land, design, and construction platform.
• Integral Real Estate Development Services (via in-house subsidiary Bilba) End-to-end development services — land identification, urban planning, architectural design, engineering, foundations, structure, enclosure, and delivery — delivered through in-house construction subsidiary Bilba to both internal SUBA projects and external clients.

Quantifiable outcome

• Expected 100+ direct jobs created during construction of Dólmenes Park project
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and flagship.

• BilbacoreStrategic or Co-development PartnerBilba provides construction execution capability and experience to SUBA's development projects. Their construction expertise is explicitly mentioned as part of SUBA's value proposition, ensuring solidity, technical capacity, and execution guarantee for each development.
• Grupo SinerbacoreStrategic or Co-development PartnerParent company group providing financial backing and corporate umbrella for SUBA. SUBA is described as 'una empresa del grupo Sinerba' and benefits from the group's overall strength and reputation in the real estate sector.
• Real Federación Fútbol Andaluz (RFAF)flagshipStrategic or Co-development PartnerJoint development partner for the Ciudad de Fútbol Andaluz project in Sevilla. RFAF provides the sports federation context and institutional need, while SUBA leads the overall project development including sports facilities, administrative headquarters, and mixed-use components (flexliving, commercial). A flagship project transforming 28,000m2 into a multifunctional space.

Scale indicators3 records

Recent moves5 records

Expansion highlights10 records

Direct peers

• Aedas Homes: Spain-focused residential developer with a multi-region for-sale housing pipeline. Highly comparable to SUBA's residential vertical, though larger and publicly listed.
• Neinor Homes: Spanish for-sale residential developer operating across multiple regions including southern Spain. Directly comparable in product type and target buyer to SUBA's residential business.
• Vía Célere: Madrid-headquartered Spanish residential developer with national reach. Comparable in for-sale housing pipeline and BTR initiatives to SUBA's portfolio.
• Árqura Homes: Spanish residential developer with active projects in Andalusia and other regions. Comparable product offering and buyer profile to SUBA's residential line.
• Aelca: Spanish residential developer operating in Málaga, Madrid, and other regions. Directly comparable in target geography, customer segment, and product type.
• Metrovacesa: Listed Spanish real estate developer with a diversified residential pipeline across regions. Comparable to SUBA's developer model and multi-project footprint.
• Habitat Inmobiliaria: Spanish residential developer active in Costa del Sol and other regions. Overlaps with SUBA's target geographies and primary product mix.

Regional players

• Inmobiliaria del Sur: Andalusian-listed residential developer strongly concentrated in southern Spain. Directly comparable to SUBA's core Andalusian footprint and target buyer.

Broad incumbents

• Pryconsa: Large Spanish residential developer with national pipeline. Comparable product offering and customer base, though larger scale and broader geography than SUBA.
• Avintia Inmobiliaria: Vertically integrated Spanish real estate group with construction and development operations. Comparable to Sinerba/Bilba-SUBA's integrated structure, though broader in scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SubaHomes
• LinkedInlinkedin.com/company/suba-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 SUBA