The Sevillian company Hijos de Terrats has recently acquired three properties in the Andalusian capital, with a total planned investment of 25 million euros until 2030. These buildings encompass 5,000 square meters of buildable area, and their final use could be for hotels, housing, or tourist apartments.
One of the acquired properties is a 2,000-square-meter building on Albuera Street, dating back to the late 19th century. The facade, patio, and staircase of this property, purchased from the Hermandad de la Santa Caridad (Brotherhood of the Holy Charity), are protected. The group has had to undertake urgent consolidation works due to its poor state of conservation. This building is located on Marqués de Paradas Street and borders Trastámara Street and Sánchez Barcaiztegui Street.
Additionally, the company has purchased another property of 900 square meters on Marqués de Paradas Street, at the corner of Alfonso XII Street, which contains 14 apartments and is situated opposite the NH Plaza de Armas hotel. At the end of 2025, H. Terrats had already acquired three plots on the Alameda de Hércules (numbers 4, 8, and 14 Vascongadas Street) from the Sevilla City Council for 2.5 million euros. These plots, with nearly 2,000 square meters of buildable area, will be used for the construction of approximately twenty homes.
From the company, whose financial director is Ignacio Pascual-Terrats Tejero, they state that the objective is to create "top quality" housing and tourist apartments, aiming to raise standards against "flip-flop tourism." "We believe it is necessary to elevate the quality," stated the management, highlighting that they are targeting a market niche where high-net-worth clients are willing to pay high rents.
Hijos de Terrats, founded in 1957 by César Pascual-Terrats, has diversified its activities. Initially focused on the retail sector, building for clients such as El Corte Inglés and Alcampo, in the last decade it has shifted towards the hotel and residential segments. The firm, with offices in Sevilla, Madrid, and Barcelona, and a subsidiary in Peru, has 149 employees and reported a turnover of 80 million euros last year.
The company's construction division, which accounts for 75% of its turnover, is currently involved in several hotel projects in Sevilla, including a four-star hotel on Menéndez Pelayo Street and the expansion of the Catalonia Giralda hotel. It is also participating in the construction of a five-star hotel on Pureza y Betis Street and the first phase of a four-star hotel on the site of the former Alameda cinema. In Córdoba, it is building Spain's largest Vocational Training center in the former Torre de Ingenieros.
