- The company will develop 118 homes in A Granxa, in the parish of Dorrón, in a prime location next to the beaches of Pampaido and Agra.
- The project will combine 50 terraced homes of various types and 68 multifamily units, designed to take advantage of the views and blend in with the surroundings.
- Sales are scheduled to begin in the fourth quarter of 2026 and will be handled through Excent, Aliseda’s new-construction platform.
July 20, 2026—Culmia, the real estate platform that brings together all housing solutions on the market, is strengthening its presence in Galicia with the acquisition from Aliseda—a leading consulting firm and asset manager in the real estate market—of a plot of land in Sanxenxo, Pontevedra, where it will develop a new residential project comprising 118 homes with a projected investment of 65 million euros.
The transaction will allow Culmia to add to its portfolio a residential land parcel located in A Granxa, in the parish of Dorrón, within the municipality of Sanxenxo and adjacent to the border with the parish of Raxó. The site is close to the beaches of Pampaido and Agra and offers spectacular views of the Pontevedra estuary.
The lot has a total area of 19,672 m² and a buildable area of 12,874 m². The future development will consist of 118 housing units, of which 50 will be townhouses of various types and 68 will be multifamily units.
Sales for the development are scheduled to begin in the fourth quarter of 2026 and will be handled through Excent, Aliseda’s new-construction platform. Construction is expected to begin in the second four-month period of 2027, while the homes will be delivered during the fourth quarter of 2029.
Celso Gómez, Director of Investments and Land Management at Culmia, noted: “This transaction represents a new step in our growth strategy and allows us to strengthen our presence in Galicia with a high-quality residential project. Sanxenxo offers exceptional conditions thanks to its surroundings, its connection to the Pontevedra estuary, and its potential to host a distinctive development, designed to meet a variety of needs and lifestyles.”
Luis Alonso, Director of Land at Aliseda, noted: “This transaction highlights Aliseda’s role as a real estate consulting firm and asset manager, with the capacity to partner with leading developers such as Culmia in the development of high-potential residential land. In Sanxenxo, we’re talking about a particularly attractive asset due to its location, its level of urban development progress, and its capacity to accommodate a high-quality residential project. Our role has been to provide market knowledge, expertise in urban planning, and a marketing strategy that will be implemented through Excent, our platform specializing in new construction.”
From an urban planning perspective, the area has approved planning and management. This is a developable site where infrastructure development is currently underway and is scheduled for completion in the second quarter of 2028. Furthermore, authorization has been granted to carry out infrastructure and building construction simultaneously, which will allow the residential development to proceed according to schedule.
This transaction reinforces Culmia’s commitment to Galicia, where it already has three active developments and its own office in A Coruña. In Sanxenxo, the company is developing Culmia Portonovo Sanxenxo, a 76-unit development currently under construction that is performing strongly on the market. Additionally, in Pontevedra, Culmia is developing Culmia Aires da Ponte, a 45-unit development that is fully sold out and scheduled for delivery in September, and is moving forward with Eterna Michelena, a 45-unit project representing a 15 million euro investment located in the city center and currently in the pre-marketing phase.
The new A Granxa project expands Culmia’s presence in the region and strengthens its position in some of Galicia’s most attractive residential areas. Since 2013, Culmia has delivered more than 10,500 homes across more than 149 developments.
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