Planificacion Residencial y Gestion, S.A. (Prygesa)

Who owns Prygesa?

The company is privately held by its shareholders as a Spanish sociedad anonima. No parent company, developer group, or institutional investor controls it.

Is Prygesa a public company?

No. It is a private company and does not publish detailed public financial statements.

When was Prygesa founded?

It was founded in 2004 in Madrid, Spain, and has operated for more than 20 years.

What does Prygesa do?

It manages residential developments on behalf of clients, specializing in housing cooperatives and protected housing, plus delegated development management, build-to-rent asset management, and land advisory.

Where is Prygesa based?

Headquarters is at Glorieta de Cuatro Caminos 6-7 in Madrid, with offices in Bilbao, Valencia, Valladolid, and Alicante.

The company was incorporated in Madrid in 2004, during the final years of Spain's great residential boom. Its founders built it around a clear mandate: protect the interests and maximize returns for clients self-developing freehold and subsidized housing at strictly cost price, an alternative to buying from speculative developers at retail margins.

When Spain's property bubble burst in 2008, the cooperative sector was hit hard because cooperative members still owed construction-stage payments on depreciating assets. Prygesa emphasizes that it guided more than 1,500 homes to completion at below-quoted cost through that period, a track record it uses as evidence of solvency through the cycle.

Post-crisis expansion added regional offices in Bilbao, Valencia, Valladolid, and Alicante, and the service line broadened from cooperative management into delegated developments, where institutional or landowner clients hire Prygesa to run a project, and into build-to-rent asset management as institutional rental housing grew in Spain after 2015.

The current pipeline concentrates on Madrid's southeastern growth corridors, including Vicálvaro, Los Berrocales, Las Rosas, Parla, Torrejon de Ardoz, Tres Cantos, Valdemoro, and Simancas, plus projects in the Basque Country and the Valencian Community. Protected housing with public price limits forms a large share of its active developments, reflecting Madrid-region affordability policy.