New investment opportunity with Fenext in Huelva!

If you missed the chance to invest in the Batres project, today we present a new investment opportunity with Fenext. Specifically, next Thursday, June 20, at 4:00 PM (UTC+2).

This time, we are traveling to La Antilla in Huelva to develop 56 single-family and multi-family homes. The La Antilla project is located in an area called El Catalán, within a pine forest near the mouth of the Piedras River and just a few meters from La Antilla beach. The area is known for its unspoiled beaches and is less than a five-minute drive from the town center of La Antilla, which has all necessary services.

As for the developer, we are partnering again with Fenext, which recently financed its fourth project with us. The first two projects, in Cádiz, yielded IRRs above 18% in both cases. The third project, Cervantes, is progressing well.

Capital gain strategy

The La Antilla project has a capital gain structure. Urbanitae investors and the developer will partner to purchase an existing building in La Antilla, on which 56 homes with 1, 2, and 3 bedrooms – with an average built area of 88 m² – will be developed.

Thus, the project ticket amounts to 3,172,500 euros. Fenext has already signed a purchase contract for the asset and paid 5% of the price. Urbanitae’s entry will allow for the payment of the remaining amount for the purchase.

Although there is no construction license yet, it should be noted that the acquisition of the complex includes the purchase of rural land not considered in the business plan, which will generate extra profit for the project. We are entering a very early stage of the project, so we expect a total return in line with the duration of about 34-36 months.

As with all capital gain projects, the regulator does not allow us to offer an estimated return figure. You can calculate it from the project information sheet using the formula: (Revenue Forecast – Cost Estimate) / Total Equity.

In this video, the developer and our CEO, Diego Bestard, explain the project details.