Jesthisa, from family developer to benchmark in the Henares Corridor
Last Updated on 13 May 2025 by Urbanitae
With over six decades of experience, 31 housing developments, more than four million square meters of developed land, and 211,141 square meters dedicated to industrial projects, Jesthisa has become a benchmark in the Henares Corridor. Founded in 1962 as Construcciones Jesús Esteban, the developer has grown with strategic vision, professionalizing every phase of the process and diversifying its activity into residential, industrial, and asset management sectors. With a strong commitment to sustainability, innovation, and close client relations, the company now strengthens its position and faces the future with a clear and ambitious roadmap.
More than 60 years of experience is a long time. What milestones have been key in establishing Jesthisa in the real estate sector?
Undoubtedly, the early years after the company’s founding were fundamental milestones in our journey, during a time when urban growth was beginning to take center stage in Spain. That first stage laid the foundations for what Jesthisa is today: a company focused on quality, integration, and the management of all processes, with a clear vision aimed at anticipating market demands.
The second major milestone came in 2002 with the entry of the second generation and a name change. This transition marked a modernization of the business approach and a determined effort to professionalize each stage of the real estate process, from land acquisition and development to final delivery to the customer.
Key moments also include the company’s move into new business areas such as managing asset-holding companies and diversifying into large-scale logistics developments.
A final milestone can be seen in Jesthisa’s consolidation since 2020 as a benchmark in the Henares Corridor for developing large residential projects tailored to all types of clients. This has enabled us to broaden our horizons and focus more precisely on the market’s emerging needs.
Throughout all these years, the key has been to remain true to our values while evolving without losing our essence.
Let’s talk about the company’s business model. What advantages does integrated management from land acquisition to key delivery offer?
Our business model is based on comprehensive management of the real estate process. Controlling the entire cycle—from land acquisition to design, construction, marketing, and final delivery—allows us to ensure very high quality standards and greater efficiency in costs and timelines.
This approach also gives us great agility in responding to unforeseen events or market changes. It fosters smooth and personalized communication with our clients at every stage, generating trust and long-term loyalty.
In short, this approach leads to better-conceived projects, greater added value, and a long-term vision.
“We like to develop projects where there is a real community, with its own identity, and where we can make a meaningful contribution to the urban and social environment.”
What role do medium-sized cities play in the future of the residential market?
Medium-sized cities are gaining more and more prominence. They are experiencing significant growth thanks to improved infrastructure, digitalization, and a better quality of life compared to major cities. More affordable prices also make them very attractive destinations for young families and for people looking to work remotely from quieter locations.
At Jesthisa, we have been committed to these environments for years because we firmly believe in their potential for sustainable growth. We like to develop projects where there is a real community, with its own identity, and where we can make a significant contribution to the urban and social environment.
How has the buyer profile evolved in recent years, and how is Jesthisa adapting to these new demands?
Today’s buyer is much more informed and demanding. They are looking for energy-efficient homes, with good communal spaces, connectivity, and architecture that fits their lifestyle. There is also greater environmental awareness and increasing interest in aspects like sustainability, self-sufficiency, and outdoor spaces.
At Jesthisa, we have adapted our developments by incorporating self-consumption criteria from the design stage, low-impact materials, home automation, and energy efficiency solutions. We have also improved the buying experience through digital channels, show home visits, and customizable options for materials and finishes. All this translates into more professional and personalized service.
Your developments emphasize sustainability, energy efficiency, and design. What trends stand out in this area, and how are they being applied?
A clear trend is bioclimatic design, which aims to leverage natural resources to optimize indoor comfort and reduce energy consumption. The integration of renewable energy sources, such as solar panels, is becoming more common, along with the use of high-efficiency systems such as aerothermal and geothermal energy.
What opportunities do you see in the current market, and which niches may have the greatest growth potential?
In the current context, we see particularly attractive opportunities in the rental sector, with the Build to Rent segment gaining increasing importance. At the same time, new residential needs are emerging related to more flexible lifestyles, such as coliving and flexliving.
Another interesting niche is that of international buyers, who value both construction quality and the natural and cultural environment offered by many of Spain’s medium-sized cities. For this reason, we are committed to continuing to develop projects that combine design, quality of life, and sustainability.
Jesthisa also develops industrial projects with turnkey solutions. How does this business line fit into your overall strategy?
The industrial line is a natural extension of our expertise in comprehensive project management. We apply our experience in urban planning, construction, and coordination to offer customized solutions to companies needing modern, efficient facilities tailored to their operations.
Thanks to a turnkey approach, we ensure a high level of specialization and adherence to fixed timelines and budgets. Strategically, expanding our presence in these types of assets strengthens our position in the Henares Corridor.
“Co-investment models, such as Urbanitae’s, democratize access to real estate investment and open new financing avenues for developers.”
What advantages can co-investment models like Urbanitae’s bring to the development market?
Co-investment models, such as Urbanitae’s, democratize access to real estate investment and open up new financing avenues for developers. These tools are very useful for risk diversification and for validating projects with an investor community that brings not just capital but also trust and visibility.
For companies like ours, it can be an effective way to accelerate project development without giving up control over project management. It’s a win-win formula that will undoubtedly gain traction, especially as traditional financing channels become more restrictive.
What new projects are on the horizon, and what are your main strategic objectives in the short and medium term?
In the short term, we are focused on several residential developments within the Henares Corridor, particularly in cities like Guadalajara and Cabanillas del Campo, where we see strong growth potential due to their proximity to Madrid, economic dynamism, and high quality of life. At the same time, we are continuing to expand in the industrial sector, developing turnkey projects that respond to the growing demand for modern logistics spaces.
In the medium term, our strategic goal is to consolidate the Jesthisa brand on a national level, expanding our presence in other key regions and strengthening our position in the center of the country. We want to continue growing sustainably without losing the personal touch and quality that have always defined us. And, of course, we will keep prioritizing innovation, sustainability, and partnerships with strategic allies who share our vision for a more efficient, humane, and responsible real estate development model.
