Exclusive Real Estate in Tenerife, Canary Islands, Spain. TERRA CONCEPT exclusive real estate is a company created by Juri Michaelsen and José Noda to promote Tenerife’s luxury real estate. With now more than 30 years of experience in the second generation in real estate, Juri Michaelsen started his career in 1989 in Frankfurt am Main, Germany, in relocation services for short term rentals for international companies.