started · updated
Landco, Santander's land subsidiary reports over 2,900 homes under development and 2025 loss
Landco, the land‑management arm of Banco Santander, is converting into a residential promoter. By the end of 2025 it had more than 2,900 homes under promotion across 39 projects – 20 owned directly and 19 carried out through participatory real‑estate vehicles. A 2024 pact with Patron Capital will channel up to €365 million into the construction of 1,350 homes.
In the last fiscal year Landco started commercialising or building 19 promotions totalling 918 homes. It also sold 1,716 registered properties in 2025, including 1,053 parcels of land, 319 homes, 343 garages or storage units and one commercial space. Revenue rose 11.9% to €253.9 million, but the company recorded an operating loss of €22.5 million and a net loss of €18.4 million, compared with a €1.2 million net loss in 2024. Madrid was the biggest market with €58.6 million in sales, followed closely by the Valencian Community (€58.3 million).
Entities
Banco Santander · Landco · Madrid · Patron Capital · Spain
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] In 2024 Landco signed an agreement with Patron Capital to invest up to €365 million in the promotion of 1,350 homes. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] In 2025 Landco sold 1,716 registered properties: 1,053 parcels of land, 319 homes, 343 garages or storage units and one commercial unit. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] During the last fiscal year Landco began commercialising or constructing 19 promotions totalling 918 homes. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] 20 of the developments are owned directly and 19 are carried out through participatory real‑estate vehicles. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] Landco is a real‑estate subsidiary of Banco Santander specialized in land management and transformation. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] Landco ended 2025 with more than 2,900 homes under promotion across 39 projects. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] Landco recorded a net loss of €18.4 million in 2025, compared with a €1.2 million loss in 2024. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es
- [● 5 SOURCES] Landco's 2025 revenue was €253.9 million, an 11.9% increase from €227 million in 2024. www.eldia.es · www.diariodemallorca.es · www.farodevigo.es · www.elcorreoweb.es · www.lne.es