Luka Capital

Real-estate advisory and investment.

We source, structure and co-invest in prime off-market assets. Every operation is built on a defensible thesis, district, tax treatment and exit before the brick.

The firm, in numbers
  • 20+Years guiding investors in Spain
  • 50+Professionals on a multidisciplinary team
  • 2Offices in Madrid and Málaga
  • 650+Properties under operational management
Historic hilltop estate above terraced vineyards at golden hour.

We don't chase deals. We build the thesis first.

Capital is patient when it is well argued. Before a single viewing, the district, the tax path and the exit are already on paper, and they hold.

Thesis

A defensible thesis

We underwrite jurisdiction, demand, tax treatment and exit horizon before committing capital. If the thesis doesn't hold, we don't operate.

Off-market

Proprietary pipeline

Over 80 % of our acquisitions arrive off-market through our own network: law firms, private banks and local operators in every district.

Co-investment

Skin in the game

On core operations Luka co-invests. Sharing risk is the only honest way to align with the investor.

Reporting

Institutional transparency

Quarterly reporting with cash, capex and mark-to-market. Documentation, capital calls and distributions, centralised and traceable for every investor.

How we work

  1. Mandate

    Briefing on objective, horizon, jurisdiction and risk appetite. Signed document before anything else moves.

  2. Sourcing

    We activate the off-market network in districts compatible with the mandate. Every candidate passes the thesis filter.

  3. Underwriting

    Legal, fiscal, technical and market due diligence. Institutional-grade pack co-signed by our Legal division.

  4. Close & operate

    Notarial close, operational handover coordinated with Living, and quarterly reporting from day one.

The exit was written before signature. That is what no slide can ever tell you.
Family office · Madrid
The Metrópolis building lit at dusk in the heart of Madrid.

Invest in Spain with confidence, and without the friction.

We guide domestic and international investors across the full cycle: legal and tax structure, off-market acquisition and full asset management. One firm, two offices, Madrid and Málaga, and more than twenty years reading the market from the inside.

One firm for the entire asset lifecycle.

Analysis & acquisition

Thesis, due diligence and off-market purchase. District, tax route and exit horizon defined before signing.

Transformation & repositioning

Refurbishment, licensing and value creation to maximise an asset's yield and market demand.

Asset & property management

Full 360º management: operation, leasing, maintenance and reporting. The investor receives results, not tasks.

Historic hilltop estate above terraced vineyards at golden hour.

The assets worth owning rarely reach a portal.

By the time an opportunity is advertised, its margin has already been priced away. We work the quieter side of the market, relationships with law firms, private banks and local operators who bring us the asset before it is ever listed. Every candidate is measured against a thesis before an investor sees it.

Capital deserves an architect.

Tell us the mandate. We'll come back with a thesis, not a brochure.

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