We present to you our first project in Ibiza, which will open for investment next Wednesday, April 10th at 4:00 PM (UTC+1).
The Vista Alegre project consists of the commercialization of a building composed of 39 one-bedroom apartments located in the exclusive Vista Alegre development (Ibiza).
The project at hand is located in the heart of the Vista Alegre development, one of the most renowned developments on the island of Ibiza, along with Roca Llisa or Can Rimbau.
On this occasion, we once again trust RTV Grupo Inmobiliario, with whom we have financed numerous projects.
The developer invests their own capital.
The operation will be structured through a capital increase, where Urbanitae investors will contribute capital to the operation’s vehicle company.
The manager will be responsible for the comprehensive management of the development and will contribute 20% of the total investment capital.
It is important to note that the project does not assume licensing risk or construction cost as the property is already built.
In this video, the developer and our CEO, Diego Bestard, explain the details of the Vista Alegre project.
Profitability in 22-26 months
The estimated duration of this project is 18-22 months. Regarding profitability, we cannot provide figures in advance, but it can be easily calculated from the project’s URL information. Just like in the rest, in the favorable scenario, which is the one we base on at Urbanitae and which we compare with third parties, profitability is calculated using the formula: (Revenue forecast – Cost estimate) / Total equity.
The signing of the operation contracts is expected in the second quarter of 2024.
The start of commercialization is estimated in the third quarter of 2024.
Between the fourth quarter of 2025 and the first quarter of 2026, the end of commercialization and the delivery of the homes are expected.
Finally, between the first and second quarter of 2026, the dissolution of the company and distribution of profits to investors are estimated.
As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.
