Culmia has entered into a strategic alliance with Alterna Consulting to develop a premium single-family housing project in the La Solana de La Moraleja urban development in Madrid. The two companies have formed a joint venture, with Culmia initially providing the land and acting as managing partner, leading the design, construction and marketing of the project.
The agreement also opens the door to the joint exploration of new investment and development opportunities in the Spanish residential market. This collaboration marks the beginning of a new phase for Culmia, focused on co-investment agreements with prestigious partners with recurring investment capacity.
For Alterna Consulting, this transaction represents a strategic entry into the Spanish residential market. Alterna is part of Alterna Asesoría Internacional, a company listed on the Mexican Stock Exchange and a subsidiary of Corporación Actinver, a well-known private banking and asset management company in Mexico, with a presence in the United States for more than two decades.
The project includes the construction of 10 detached single-family homes, distributed on independent plots. Each home, with an initial price tag of three million euros, will have 500 sqm of living space, up to five bedrooms, a private swimming pool and gardens of approximately 550 sqm.
Construction is scheduled to begin in the first quarter of 2026, simultaneously with the development work in the area. The design will be led by the architectural firm Morph, while Colliers will lead the marketing.
