Acquisition
We source off-market and on-market residential property in Malaga province, with a preference for buildings in walkable central districts rather than coastal developments.
Fundaro is a Latvian real estate company. We buy residential property in Malaga and along the southern Spanish coast, renovate it, and manage each project ourselves from the purchase through to completion.
Fundaro works on one property at a time. We look for residential buildings and apartments in established neighbourhoods that are worth more than their current condition suggests - good structure, a good address, and years of deferred work behind them. We handle the purchase, the permits, the contractors and the finish specification directly. The people who choose the property are the people who run the site.
We source off-market and on-market residential property in Malaga province, with a preference for buildings in walkable central districts rather than coastal developments.
Every project is renovated to a documented specification, managed by our own team, with local architects and contractors we work with repeatedly.
We stay with a building after the work is finished. Letting, maintenance and eventual sale are handled in-house rather than passed on.
Four working habits that decide what we take on and how it gets built.
We would rather do one building properly than five at arm's length. Each project keeps the same team from purchase to handover.
Our people are in Malaga. Site visits are weekly, not quarterly, and decisions are made by people who have stood in the room.
Every renovation runs against a written specification and a written budget. Changes are recorded, not improvised.
We renovate to a standard we would be content to own for a decade, whether or not that is what ends up happening.
The company is registered in Riga and run from Malaga. Both cities are part of how we operate rather than a matter of paperwork.
Our work is concentrated in Malaga city and the surrounding province. It is a market we know street by street rather than through a spreadsheet: which blocks hold their value, which buildings have licensing problems, which streets are quiet enough to live on.
Fundaro is a Latvian company, registered and administered in Riga. Accounting, corporate governance and reporting sit there; the building work sits in Spain. Latvian corporate discipline, Spanish market knowledge.
SIA Fundaro was founded in Riga in May 2026 and operates from Malaga. The company is small by design: a founding team with backgrounds in property development, construction, finance and technology, working on one project at a time rather than building a portfolio for its own sake.
Occasional writing about the buildings we are working on, the Malaga market, and how renovation actually goes as opposed to how it was planned.
Read the journal →Occasional notes from Fundaro - what we are building, where, and what we have learned doing it. A few times a year at most.
Occasional notes from Fundaro - what we are building, where, and what we have learned doing it. A few times a year at most.
Thank you. You will hear from us occasionally, and not often.