CELSIK Group

Only good deals.

Advisory and brokerage of institutional real estate assets in Spain.

Sell or buy assets · Sell or buy land

The first task is not to sell. It is to discard.

CELSIK operates on a simple principle: before presenting an asset to our investors, we try to discard it. We examine title, the vendor’s true motivation, implied yield, replacement cost and fit with active institutional demand. Most opportunities do not survive that filter. Those that do reach the funds’ table with complete documentation and the work already done. Which is why, when CELSIK presents, investors listen.

  • Filter before volume. We discard quickly to protect our investors’ time.
  • Matched to capital profile. Core, core-plus, value-add, opportunistic, debt or net lease: each asset is shown only to those it suits.
  • Direct access. Mandates and direct access to ownership, with no chains of intermediaries.

Figures

  • €14.9M Gross asset value under mandate and direct access
  • 4 Assets currently under review or being marketed
  • 6 Asset classes covered
  • 48h Documented response to qualified investors

Own land? We will help you sell it.

CELSIK Suelo is our division devoted solely to land: plots, sites, inherited estates and fully permitted land across Spain. We tell you what it is truly worth, show it only to serious buyers and charge only if it sells. And if you are looking for land to develop, we will find it.

  • Free valuation. We read the planning framework and calculate what a developer would pay today.
  • Real buyers. Developers, cooperatives, funds and family offices with written criteria.
  • Paid only on sale. Fees agreed in writing before we start.

Visit CELSIK Suelo

Opportunities in the market

A blind selection. Full detail under NDA.

  • Fully permitted residential land — serviced plot for development — Murcia, expansion area · Developer / Build to sell · On market. Servicing costs paid and a building licence can be applied for immediately: no outstanding levies and no cap on unit numbers, only maximum buildable area. Next to schemes by national developers with strong absorption. Under mandate.
  • Consolidated urban land — residential and senior-living compound — Guadarrama, Sierra de Madrid · Developer / Value-add · On market. Consolidated urban land with defined buildability, forty minutes from Madrid. Suitable for residential development or a senior-living platform: care use is permitted under the current ordinance, with no planning change required.
  • Capital raise — lakeside residential development — Hungary, Budapest area · Co-investment / Developer · On market. Co-investment in the third phase of a scheme whose developer has already built and delivered two prior phases on the same plot. The financial partner owns 100% of the SPV. Modular entry, with no bank debt.
  • Villa for repositioning as co-living — Madrid, western metropolitan area · Value-add · On market. The property is already laid out as self-contained units with their own kitchens: conversion to co-living requires no structural works. Acquired at a discount to refurbished comparables, with university demand five minutes away.

Indicative information. CELSIK acts under mandate or brokerage agreement. Access to documentation subject to NDA and verification of investor profile.

Capital has returned. Selection matters more than ever.

Spain will close 2026 above twenty billion euros of real estate investment for the first time since 2018. But the money is not spread evenly: it concentrates in quality, in secure income and in the structural bottlenecks — land and beds. Our reading, segment by segment.

  • Living. 58% of Q1 capital went to beds. The structural housing deficit makes residential the most defensive asset in Spain.
  • Offices. €950M in Q1, the strongest start in fifteen years. Capital’s return to prime Madrid offices is real — but prime only.
  • Retail. +85% year on year. Dominant parks and centres are institutional income once again; prime high street never left.
  • Hotels. 90% of volume concentrates in four and five stars. The luxury/economy polarisation defines who buys, and at what yield.
  • Land. 31,000 transactions expected in 2026, +11.6% in price. Fully permitted land is Spain’s scarcest asset — and our quiet specialism.

Disagree with our reading? Good. The best transactions are born of divergent views.

Perspectives

What each type of hotel fund looks for in Spain — and why most hotels suit none of them

Jul 2026 · Hospitality

Core, value-add and opportunistic do not buy the same hotel. A map of hotel investment criteria in Spain.

Three profiles of hotel buyer coexist in Spain today, and they almost never compete for the same asset. Core capital seeks long leases with first-tier operators, in established urban locations, at yields only exceptional product can justify. Value-add needs a plan: repositioning, a change of operator, capex with measurable return. Opportunistic buys complexity — special situations, vacancy, change of use.

90% of hotel volume concentrates in four and five stars, and the luxury/economy polarisation has accelerated: capital pays for the top and punishes the middle. The consequence is uncomfortable for many owners: a decent hotel, in a decent location, with decent results, currently suits no institutional capital profile at all.

Our job is to say so before going to market — and, when the asset does fit, to know exactly with whom.

A five-building portfolio in central Madrid: anatomy of an urban value-add

Jun 2026 · Living

Rents in transition, real capex and sale structure: what turns five buildings into a single thesis.

Five buildings in central Madrid, read as a single thesis: rents in transition, real capex and a sale structure that allows entry by asset or as a whole portfolio.

The anatomy of an urban value-add comes down to three figures: passing rent against market rent, the capex per square metre the building genuinely admits, and replacement cost. When the three align, the discount is defensible before any committee.

The structural housing deficit does the rest: in Madrid residential, demand risk is currently the lowest in Europe.

Fully permitted land: the bottleneck behind the +12% in house prices

Jun 2026 · Land

There is less fully permitted land than demand requires. That scarcity anchors our residential reading.

Spain needs more housing than it can deliver: the accumulated deficit stands at around 320,000 homes over five years. The bottleneck is neither demand nor financing — it is fully permitted land.

With 31,000 land transactions expected in 2026 and prices rising above 11%, development-ready land has become the country’s scarcest asset. Whoever controls it controls the housing calendar.

It is a quiet specialism: it demands clean title, verified planning and patience. Precisely the kind of work we do before presenting anything.

Team

Partners

Associate Advisors

We work alongside family offices, international funds and private ownership across Spain and Europe.

Let us discuss the next transaction.

Sale mandates, off-market access and product sourcing for institutional capital. Documented response within 48 hours.

contact@celsikgroup.com · Madrid, Spain · LinkedIn