2017 has been a key year in consolidating the growth of TM Real Estate Group, which plans to build 4,200 properties by 2020.
The company ended the year with a turnover of EUR 222 million, 46% higher than the previous year.
TM Real Estate Group, an Alicante-based company specialising in the construction and development of second homes, ended 2017 with a turnover of EUR 222 million, 46% higher than the previous year.
With the results recorded in 2017, the group has successfully executed its business plan, achieving the targets set for the main indicators: number of deliveries, sales, ongoing projects and land purchases.
Specifically, TM Real Estate Group delivered 914 properties, developed 24 residential projects with 1,600 properties in progress, and made 7 strategic purchases of land in Spain and Mexico for a value of EUR 109 million, representing a portfolio increase of more than 1,400 properties.
As a result of the investment made, the growth targets established in the strategic plan for the coming 3 years are guaranteed, with over 4,200 properties planned in attractive areas along the Mediterranean coast: Mallorca, North and South Costa Blanca, Costa de Almería, Murcia and Costa del Sol.
In 2018, the company is planning 26 developments in Spain and to consolidate its business in the Mexican Caribbean where it currently has a total of 700 hotel rooms distributed across two tourist hotel resorts in attractive locations in Riviera Maya: The Fives Beach and The Fives Downtown Curio by Hilton.
The company’s business in Mexico represents 22% of the group’s overall turnover and also represents the commitment of TM Real Estate Group to internationalisation and diversification as a source of growth.
Finally, 2017 has been a key year in terms of the evolution of the workforce—which currently consists of 560 employees—, the implementation of good governance policies and the commitment to consolidating itself as a socially responsible company that generates trust in its partners, shareholders, customers and society in general.
