- The partnership strengthens Culmia’s position in the country’s major urban development projects, in this case at Parc de l’Alba, located between the towns of Cerdanyola del Vallés and Sant Cugat del Vallés.
- The agreement also includes the possibility of continuing to explore new avenues for collaboration on residential development projects that may be of interest to both companies.
- The project consists of two developments, with 66 and 102 homes, respectively, with prices starting at 293,000 euros.
June 11, 2025 — Culmia, the real estate platform that brings together all housing solutions on the market, has signed a joint venture agreement with Patron Capital to develop two projects comprising a total of 168 homes in Parc de l’Alba, one of the country’s major urban developments located in Cerdanyola del Vallés and adjacent to Sant Cugat, in the province of Barcelona. Both companies have formed a joint venture, under which Culmia is making the initial land contribution and acting as the managing partner in the delegated development, overseeing the design, construction, and marketing of the project.
The agreement also includes the possibility of continuing to explore new avenues for long-term collaboration on residential developments in Spain that may be of interest to both companies. In fact, this partnership also provides the option to incorporate two additional plots from the same area into the project in the future.
This agreement comes on top of the recently announced deal with Alterna Consulting, which involves the development of 10 single-family homes in La Solana de La Moraleja in Madrid, and marks a new milestone in its commitment to the co-investment model alongside partners of recognized prestige and financial strength, with extensive experience in the sector.
Patron Capital is a British fund with investments in the real estate sector across Europe, with a portfolio spanning numerous countries and assets. For the company, this co-investment partnership means strengthening our presence in the Spanish real estate market and, in particular, in one of the country’s most dynamic markets: Catalonia.
The project involves the development of two housing developments, with 66 and 102 units, respectively, located in the Parc de l’Alba area. The units will have one to four bedrooms, a community pool, and will be priced starting at 293,000 euros.
