The company’s revenue in 2018 reached 190 million euros, of which 25% corresponds to its business in Mexico.
The TM Real Estate Group, a leader in Alicante in the Residential Tourism sector, closed 2018 with a net turnover of 190 million euros and an EBITDA of 33 million euros.
Excellent results that continue to place the Group at the top when it comes to turnover at a provincial and national level, despite the direct impact that the delay in the granting of planning permits has had on the real estate sector and, in particular, on launching and marketing of new projects.
In 2018, the TM Real Estate Group continued to strengthen its presence as a major player in the market for second homes in Spain, with 690 property deliveries, 1,196 homes in progress and the development of 22 projects across five provinces in the Mediterranean, including: the first phase of Sunset Waves, in Benidorm; the Flamenca Village residential complex, in Orihuela Costa; and Golden Green in Marbella; all of which are strategic locations for residential tourism.
The company’s main market in Spain was foreign clients accounting for 70% of total sales, compared to the domestic client, represented by a 30% market share. By nationality, Belgians accounted for 31% of all purchases, followed by Swedes with 6% and Norwegians with 5% of operations; Germans, British and Polish with 4%, and so on, with a total of up to 30 different nationalities. In the case of Mexico, the international market represents 53% of transactions, led by Americans and Canadians, with 35% and 13%, respectively.
2019 has started out intensely for the Group’s development activity. In the first 4 months of the year, 10 new projects have been launched, totalling 442 homes in Alicante, Almeria, Mallorca and the Costa del Sol, which together with the 671 it already had on the market, increase the company’s commercial portfolio to a total of 1,113 homes.
For 2019, the TM Real Estate Group has set the objectives of strengthening its presence in the Costa del Sol after the opening of a new office in the area; expanding its business in Mexico with the imminent opening of a third luxury resort in Puerto Morelos on the Caribbean Sea; and continuing to maintain sustained growth in terms of both its business and its workforce that has already reached 578 employees.
The Group is celebrating its 50th anniversary this year as a leader in the second home sector, with a total of 20,000 homes delivered since it was founded, with solid corporate values and a focus on digitalisation, innovation, sustainability and constant commitment to its stakeholders.
