BME's growth markets, comprising BME Growth and BME Scaleup, have consolidated their role as key platforms for financing and expanding companies in Spain, with aggregate turnover growing by 27.7% annualised in the last decade. This sustained performance has occurred in an environment of high geopolitical and financial uncertainty, and reflects the attractiveness of these platforms for companies with scalable business models, including a significant number in the real estate sector.
According to data presented by BME, by the end of 2024, companies in these markets had also increased their EBITDA by 23% compound annualised, and their workforce by 27.8% annualised since 2014, reaching a total of 34,546 workers. In the last financial year, turnover grew by 6.5%, EBITDA by 23.3% and employment by 3.4%.
More than 50% of the companies listed on BME Growth belong to the real estate sector, mainly socimis, but also vehicles specialising in logistics, commercial or residential assets. Of the approximately 130 companies active in this market, some 68 have real estate activity, a proportion that is also reflected in BME Scaleup, which has recently incorporated several Latin American Fibras following the adaptation of its regulatory framework.
These platforms have become an important means of access to financing for companies in the real estate sector seeking to diversify their sources of capital, advance in their professionalisation or face new investment and growth cycles.
Expansion and prospects
The expanding companies segment, which groups together companies with greater projection within BME Growth and Scaleup, has recorded even more pronounced growth. Their turnover has increased by 30.6% annualised since 2014, and their EBITDA by 27.6% in the same period, with a 32% rise in the last year alone. In terms of employment, these companies have increased their workforces by 28.6% compound annualised.
Among the entities that have used these markets as a development tool in the real estate sector are Silicius Real Estate, with a portfolio valued at more than €570 million, and other socimis specialising in logistics, commercial assets or residential for rent, which have found in the listing an alternative way to structure their growth.
During 2024, BME's growth markets added 23 new companies, with five more in the first months of 2025. This reflects the growing interest of companies in different sectors, particularly in real estate, in accessing alternative financing models as opposed to traditional channels.
In a context marked by investor caution and rising capital costs, BME Growth and BME Scaleup continue to be relevant as financing, visibility and professionalisation instruments for companies with growth ambitions, including in real estate.