The Seville-based group Hijos de Terrats has launched a property venture in the city with an investment of €25 million in the purchase and refurbishment of three buildings located in the historic centre of Seville. Together, the three buildings offer nearly 5,000 sqm of floor space and are situated in strategic locations within the Andalusian capital.
One of the assets acquired is a 2,000-sqm building on Calle Albuera, purchased from the Hermandad de la Santa Caridad. The property was built in the late 19th century and is listed for its heritage value, which will influence any future work carried out on it. The building was in a state of significant disrepair, necessitating urgent structural consolidation work. At the same time, a comprehensive study is being carried out to determine the full scope of its refurbishment, respecting its historical value while adapting it for new uses.
Another transaction is situated on the corner of Marqués de Paradas and Alfonso XII, opposite the NH Plaza de Armas hotel. In this case, the company has acquired a 900-sqm residential building comprising 14 flats.
In addition to these two acquisitions, the company purchased, at the end of 2025, three municipal plots on Calle Vascongadas for €2.5 million. These plots have around 2,000 sqm of buildable land and will allow for the development of around 20 homes next to the Monastery of San Clemente.
According to Ángel Baleato Román, CEO of Hijos de Terrats, the aim is to explore different uses for these assets, which could be converted into a hotel, residential properties or holiday apartments. The intention is to help raise the standard of the property offering in Seville’s historic centre with higher-quality, value-added projects.
Hijos de Terrats has a diversified business structure and a presence in several cities. The company has offices in Seville, Madrid and Barcelona, as well as a subsidiary in Peru, and currently employs 149 staff. Traditionally, the group had close ties to the retail sector, with up to 90% of its turnover coming from projects related to El Corte Inglés. However, over the last decade it has undergone a process of transformation.
This strategic shift has enabled it to diversify its client portfolio and focus its activities on the hotel, residential and property sectors, which now represent its main areas of growth. In doing so, the company aims to establish a more balanced model that is less reliant on a single client or sector.
