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- The corporate closed 2021 with a file turnover of 258.3 million euros, a rise of 60% in comparison with the earlier 12 months.
- The Group generated a consolidated EBITDA for all its companies of 58.9 million euros, 135% greater than in 2020.
- The developer is assured of a pre-sale portfolio of 84% of the supply targets for 2022.
- Seven out of ten purchases had been by worldwide patrons.
TM Actual Property Group, a number one Alicante firm within the residential tourism sector and specialist within the development and gross sales of second houses on the Mediterranean and Caribbean coasts, offered its consolidated annual outcomes for 2021, acquiring a turnover of 258.3 million euros, representing a rise of 60% in comparison with the earlier 12 months. The file turnover had a direct impact on consolidated EBITDA, which amounted to 58.9 million euros, 135% greater than in 2020.
The developer continues to consolidate its place as a number one firm within the vacation house market due to the supply of 601 houses, 28% greater than in 2020, and stable exercise concentrated in Murcia, Almeria, Mallorca, the Costa Blanca and the Costa del Sol, with a complete of 1,160 houses and 19 tasks in progress.
Worldwide gross sales have grown in significance with seven out of ten purchases coming from worldwide patrons, driving the corporate to a brand new file variety of pre-sales final 12 months with 750 models (175% greater than in 2020), valued at greater than 260 million euros. It’s value noting that patrons got here from 34 completely different nationalities in 2021, led by Spain (32%), Belgium (13%), Germany (12%) and Poland (9%).
TM Actual Property Group additionally has a stable portfolio of 1 million m2 of land for the event of greater than 12,000 houses. As well as, the corporate plans new investments value 48 million euros to finish its strategic plan and assure the gross sales goals of its 2023/24 and 2024/25 marketing strategy.
Lodge enterprise recovers in Mexico and diversification continues
2021 was a 12 months of fast restoration for TM Actual Property Group’s lodge enterprise, located within the Riviera Maya (Mexico) with 3 accommodations and 1,000 rooms beneath direct administration, accounting for 17.6% of the corporate’s turnover. The gradual return to regular vacationer exercise after the cruel financial and social results of the pandemic, particularly within the markets of the USA and Canada, has led this enterprise line to realize one of the best leads to its historical past with a turnover of 45.5 million euros (42.7% greater than in 2020).
The corporate’s dedication to diversification additionally continued, with necessary leads to its completely different strains of enterprise. The agricultural division closed 2021 with a complete of three.5 million kilos of manufacturing. Mar Holidays, the corporate’s vacation division, managed almost 2,000 vacation leases. Lastly, the renewable photo voltaic vitality subsidiary has 4 ongoing tasks positioned within the province of Alicante, with a complete developed energy of 84 Megawatts.
Dedication to accountable residential tourism
TM Actual Property Group continues to maneuver ahead with its mission to be a frontrunner within the accountable residential tourism sector and can current its new Sustainability Report within the coming weeks, a doc that features the corporate’s essential milestones and the ESG tasks and actions it led or participated in throughout 2021. As well as, this 12 months will see the launch of its new Company Duty Grasp Plan which is able to set out TM’s technique for creating extra sustainable areas, houses, communities and cities, whereas taking care of folks’s well-being and consolidating a mannequin of accountable residential tourism primarily based on ethics, transparency and finest practices.
Prospects for 2022 and 2023
Within the first half of this 12 months, the Alicante developer achieved 89% of the gross sales quantity anticipated for the entire of 2022 and 100% of its turnover goals. The optimistic development within the property market is anticipated to proceed over the following 12 months and the corporate has now achieved 65% of its estimated turnover for 2023.
On the again of those figures and the elevated exercise in its essential enterprise strains, the corporate continues to face out for its solidity and sustainable progress primarily based on its capability to create worth for its stakeholders.
“In an surroundings marked by uncertainty and the social and financial penalties brought on by the pandemic, the corporate has demonstrated its energy and solvency by reporting one of the best turnover and revenue numbers in its historical past. This success has been made doable due to the joint work of our staff, companions and suppliers, who’ve demonstrated an infinite capability for resilience and a agency dedication to excellence in customer support,” stated Pablo Serna, CEO of TM Actual Property.
About TM Actual Property Group
TM Actual Property Group is an Alicante firm based in 1969, whose essential goal is to develop actual property, tourism and lodge tasks that provide distinctive providers and supply a wonderful buyer expertise. Specialising within the development and sale of second houses, with greater than 20,000 residences delivered primarily on the Mediterranean coast, the corporate is concerned in different enterprise strains associated to its essential exercise resembling lodge administration and the operation of greater than 1,000 rooms in Riviera Maya-Mexico, trip leases, actual property brokerage and agriculture, amongst others. Dedication, solvency, innovation, management and a deal with outcomes and the consumer are the 6 pillars on which the success of the corporate is predicated. With greater than 1,500 staff and an growth plan of greater than 3,000 houses projected between 2020 and 2023 in privileged areas by the ocean, it goals to stay on the forefront of the residential tourism sector.
