María Villalonga
Family office · Madrid
“Clarity of mandate and quiet execution gave us our time back. For the first time the asset and the capital spoke the same language.”
The architecture of certainty.
A boutique firm that analyses, acquires, transforms and operates prime assets across Madrid and Málaga. Over twenty years turning brick into yield.
Discover LukaLuka Capital
For more than 20 years we've guided international investors into Spain, from the first NIE to the day-to-day of the asset. One team, a single 360° mandate, two offices in Madrid and Málaga, and more than 650 properties under our care.
We build the thesis before the brick.
We source, structure and co-invest in off-market prime assets. District, tax treatment and exit, the thesis is signed before we touch the brick.
A building only performs when someone runs it.
We operate 650+ properties to an institutional standard across Madrid and Málaga: tenants, maintenance, treasury and reporting. The owner sleeps; the asset performs.
The exit is written before signature.
Legal structuring, tax planning and accounting for cross-border investors. We choose the vehicle, jurisdiction and treaty path while the operation is still on paper.
Homes with a story.
Salamanca district
Madrid
4 Bed3 Bath
€1,890,000
Sierra de Madrid
6 Bed4 Bath
€3,250,000
Málaga
Costa del Sol
3 Bed2 Bath
Consult price
Eixample
Barcelona
4 Bed2 Bath
From€3,200/mo
Begur
Costa Brava
5 Bed4 Bath
€4,150,000
Roca Llisa
Ibiza
5 Bed5 Bath
From€14,000/mo
Vejer
Costa de la Luz
4 Bed3 Bath
€1,980,000
Chamberí
Madrid
3 Bed2 Bath
From€2,600/mo
Sant Lluís
Menorca
5 Bed4 Bath
SOLD
Sierra Blanca
Marbella
6 Bed6 Bath
€7,400,000
Malasaña
Madrid
2 Bed1 Bath
From€2,400/mo
Soho
Málaga
3 Bed2 Bath
From€2,100/mo
Chamartín
Madrid
2 Bed2 Bath
From€2,900/mo
Rotate, inhabit new geographies.
As a Luka investor, you tap a network that's live year-round. We run crossing cycles, Madrid through the fiscal year, the Costa del Sol in operating season, the Sierra when others rest.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026 Mandate
Annual thesis opens; investor briefing.
Madrid · SalamancaLatAm Mission
Roadshow Bogotá · Mexico City. Cross-border pipeline.
Costa del SolSierra de MadridFiscal year-end
Annual reporting · 2027 portfolio outlook.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026 Mandate
Annual thesis opens; investor briefing.
Madrid · SalamancaLatAm Mission
Roadshow Bogotá · Mexico City. Cross-border pipeline.
Costa del SolSierra de MadridFiscal year-end
Annual reporting · 2027 portfolio outlook.
Who is Luka for?
Whether you're investing, own a property, or operate at scale, there's a dedicated path for you.
- Investor
Invest in Spain with peace of mind.
We take care of the legal, fiscal and operational side, from the NIE to quarterly reporting, so you don't have to worry about a thing. One counterpart for the whole cycle.
Explore - Owner
Your asset, our operation.
Your property, fully managed. We handle tenants, maintenance, treasury and reporting, you receive the return.
Explore - Institutional · Funds · Developers
For funds and developers.
Flex-living expertise, short, mid and long stay under one professional operator, with 650+ assets in operation across Madrid and Málaga.
Explore
Institutional capital
Madrid
Raise the standard
of your wealth.
Exclusive assets with a clear thesis from day one.
Districts where capital actually has density.
Legal, fiscal and operational services under one mandate.
Exits and rotations aligned with the asset's cycle.
Sober processes, frictionless for the investor.
Structures designed for partners and institutions.
Reporting transparency that holds trust over time.
One counterpart. Luka Capital.
What our clients say
Tomás Echeverría
Cross-border investor
“Not a broker with more slides, an operator that closes the legal, fiscal and operational loop. The exit was written before we signed.”
Elena Marqués
Investment Director · sector fund
“We needed a partner that understands reporting and reputation. Luka delivered an institutional-grade process, the kind we'd expect in any jurisdiction.”
James Whitaker
Partner · real assets fund
“Discipline without theatre. The underwriting pack was institutional-grade, and the asset performed where they said it would.”
Carmen Ibáñez
CFO · hospitality operator
“They integrated tax, construction and revenue management without friction. For a CFO that's gold, fewer surprises, more control of cash.”
Luca Benedetti
Single family office · Milan
“We needed a European operator with thick skin and a taste for calibrated risk. Luka closed the loop between Milan and Madrid quietly.”
María Villalonga
Family office · Madrid
“Clarity of mandate and quiet execution gave us our time back. For the first time the asset and the capital spoke the same language.”
Tomás Echeverría
Cross-border investor
“Not a broker with more slides, an operator that closes the legal, fiscal and operational loop. The exit was written before we signed.”
Elena Marqués
Investment Director · sector fund
“We needed a partner that understands reporting and reputation. Luka delivered an institutional-grade process, the kind we'd expect in any jurisdiction.”
James Whitaker
Partner · real assets fund
“Discipline without theatre. The underwriting pack was institutional-grade, and the asset performed where they said it would.”
Carmen Ibáñez
CFO · hospitality operator
“They integrated tax, construction and revenue management without friction. For a CFO that's gold, fewer surprises, more control of cash.”
Luca Benedetti
Single family office · Milan
“We needed a European operator with thick skin and a taste for calibrated risk. Luka closed the loop between Milan and Madrid quietly.”
Article
The return of the boutique operator in Spain's prime residential.
Expansión
Media and platforms
Built alongside those who
steward serious wealth.
Law firms, private banks, advisors and platforms that co-sign every operation.
