Business · Companies · 2 hrs ago
Dils plans to expand its commercial real estate team in Spain
Italian property group Dils is expanding in Spain after entering the market in 2025 by buying luxury estate agency Lucas Fox.
It aims to become one of Spain’s three leading property consultancies.
The company plans to grow its commercial real estate team from 35 people to 60 or 70 by year-end, and to 130–170 within two or three years.
Dils says it wants to hire experienced professionals and invest in technology and artificial intelligence to improve efficiency.
It is also considering buying two or three smaller independent consultancies or bringing in teams from other firms.
The expansion targets institutional property investors, while Dils also works in areas including offices, retail, industry, hotels and alternative residential housing.
The company expects Spain’s property investment market to reach €20 billion this year, which would make it Europe’s third-largest market by investment volume, according to its estimate.
Dils plans to expand its commercial real estate team in Spain from 35 professionals to 60 or 70 by the end of the year.
The Italian group aims to have between 130 and 170 people in the team within the next two or three years.
It entered Spain in early 2025 by acquiring luxury residential agency Lucas Fox.
Dils aims to become one of Spain’s three leading real estate consultancies.
The company is also considering acquisitions of smaller consultancies and teams from other firms.
- Who
- Dils, an Italian real estate group, plans to expand its Spanish commercial real estate team.
- What
- It aims to grow the team to 60 or 70 by year-end and between 130 and 170 within two or three years.
- When
- The plan is to reach 60 or 70 by the end of the year, then 130 to 170 in the next two or three years.
- Where
- Spain.
- Why
- Dils wants to grow its commercial real estate business and become one of Spain’s three leading real estate consultancies.
This story does not have two clearly opposing sides.
Dils entered Spain by acquiring Lucas Fox, a luxury residential agency.
Dils aims to increase its Spanish commercial real estate team to 60 or 70 professionals from 35.
Dils aims to grow the team to between 130 and 170 people.
- Current commercial real estate team
- 35 professionals
- Planned team by year-end
- 60 to 70 professionals
- Planned team in two or three years
- 130 to 170 professionals
- Spanish market entry
- Early 2025, through the acquisition of Lucas Fox
- Lucas Fox acquisition
- 250 professionals and 30 branches
What people are saying
Spain is experiencing an “exceptional” moment in attracting real estate capital and is heading towards closing the year with an investment volume of 20 billion euros.
International capital, including major private equity funds from New York and Europe, has discovered the strength of Spanish infrastructure.
This uncertainty causes some more conservative listed institutional funds to internally prohibit investment or development in the conventional residential segment. However, more agile investors see a distinctive opportunity in this environment.