# Culmia real estate investment in Spain > Live situation record from CLSTR: https://clstr.news/situations/culmia-real-estate-investment-in-spain > Updated: 2026-10-10T15:08:41.000Z. Sources: 8. Developments: 2. Culmia has expanded its real estate operations in Spain through strategic partnerships and large-scale regional investments. In September 2026, Culmia and MEAG, the asset manager for Munich Re, established Vifford Holdco Spain Socimi to manage an affordable housing platform. Backed by the Luxembourg-based Vifford SCSp, the entity aims to manage over 2,500 affordable rental homes with an estimated investment volume of approximately 400 million euros. As a SOCIMI, the company is legally required to list on a regulated stock market within two years. By October 2026, Culmia announced a specific commitment to invest 455 million euros in Catalonia housing developments through 2030. This initiative targets the creation of 1,830 homes, including 800 protected units, across 24 projects. This is part of a broader regional strategy for Catalonia, the Levante, and the Balearic Islands involving total investments exceeding 690 million euros for 2,800 homes. The company is focusing on urban regeneration and public-private partnerships to address supply shortages in areas such as Barcelona. ## Timeline ### 2026-10-10: Culmia to invest 455 million euros in Catalonia housing Culmia plans to invest 455 million euros in Catalonia by 2030 to develop 1,830 homes, focusing on urban regeneration and protected housing. 3 sources. https://clstr.news/cluster/culmia-to-invest-455-million-euros-in-catalonia-housing ### 2026-09-21: Culmia and MEAG form SOCIMI for Spanish affordable housing platform Culmia and MEAG have formed Vifford Holdco Spain Socimi to manage an affordable housing platform in Spain, targeting over 2,500 homes with a 400 million euro investment. 5 sources. https://clstr.news/cluster/culmia-and-meag-form-socimi-for-spanish-affordable-housing-platform --- Cite as: Culmia real estate investment in Spain. CLSTR, https://clstr.news/situations/culmia-real-estate-investment-in-spain