The Dils real estate group has entered the Spanish market after having acquired a majority stake in the independent real estate agent Lucas Fox. With a 20-year track record, the Spanish brand specialises in selling premium residential properties. The transaction is expected to be completed in the first quarter of 2025.

Lucas Fox has over 250 employees and operates throughout Spain. Founded in 2005 and based in Barcelona, it has offices in cities like Madrid and Valencia and in destinations such as the Costa Brava, the Costa del Sol and the Costa Blanca. Its gross annual turnover, including its franchises, exceeds 30 million euros.

Digital innovation and technology
Based in Italy, the Dils real estate group aims to drive the transformation of the real estate market through digital innovation and technology. Its strategy in Spain includes a major investment plan aimed at accelerating growth and transforming the residential real estate market. To achieve this, it also plans to expand its workforce to 400 employees over the next three years. Another objective, which will involve significant investment, will be to strengthen its presence in Madrid.

Dils will use its strategic partnership with Lucas Fox to introduce its business model in Spain. As the group's CEO, Giuseppe Amitrano, explains, this partnership “marks a key milestone for Dils in consolidating our international expansion plan initiated in 2023. Our collaboration with Lucas Fox and continued expansion make Dils an independent and innovative European player with a multidisciplinary team consisting of over 600 people in four countries and a projected turnover of more than 100 million euros.”

Investment and consolidation programme
Amitrano explains that his company's approach to entering new markets “is to offer first-class services to our customers, combining local expertise with our knowledge, skills and technologies,” and adds, “The objective is to continue with our investment and consolidation programme in the countries where we have a presence (the Netherlands, Portugal and Spain, as well as Italy) and to expand into other countries, such as France, Germany, Poland and the UK, to become a new independent, intelligent and alternative player in the European real estate market”.

Alexander Vaughan, Co-Founding Partner of Lucas Fox, responds, “Over the years, we have built a leading company in the Spanish luxury real estate market and have earned a solid reputation thanks to our people’s professionalism and the first-class service we offer our clients. The experience brought by Dils, with whom we share values and a long-term vision, will propel us to new levels of success, while preserving the essence of the business we have built so far.”

^{Photo: Lucas Fox}