New project! Invest in flex living with preferred returns

El proyecto consiste en el desarrollo de 180 habitaciones y una mediana comercial en Torremolinos, con una remuneración preferente del 18% TIR.

New project! Invest in flex living with preferred returns

At Urbanitae, we have a new project ready. This time, we are investing in flex living—a growing sector—in Málaga. It will be next Wednesday, June 19, at 4 PM (UTC+2). Want to know more?

With the Oceánika project, we are heading to Torremolinos (Málaga). There, we will purchase an old hotel and convert it into a flex living space and a medium-sized commercial area for subsequent sale to an institutional investor. Flex living is a term that encompasses various housing formats different from traditional ones. In this case, it refers to a complex of 180 rooms with a commercial area and multiple amenities.

We are talking about a surface area of over 11,500 square meters, which will include 180 rooms and 210 beds. The commercial area will cover more than 2,000 square meters. The project is located in Torremolinos, a destination appreciated by digital nomads on the Mediterranean coast of Andalusia. Specifically, Oceánika is just 3.7 kilometers from Málaga Airport, 12 kilometers from Málaga city center, and 19 kilometers from the city’s Technology Park.

The developer for this operation is Nuovit, returning to work with Urbanitae. Over the last 30 years, their management team has developed real estate projects covering more than 2.5 million square meters, representing an investment of over 2 billion euros and a market value exceeding 2.7 billion euros.

Valid building permit

The Oceánika project has a capital gains strategy. Therefore, Urbanitae investors will partner with the developer to develop the project. The flex living will be operated by Habyt under an already signed management contract. The medium-sized commercial area is leased to the Aldi supermarket chain under a fixed lease agreement that is also signed.

Additionally, the building permit for construction has been granted. Once the capital increase by investors is completed, construction will begin as soon as possible. The manager has already obtained the necessary licenses from the City Council to operate the assets.

Urbanitae investors will contribute 4,560,000 euros, which will be used to cover the project’s development costs not covered by bank financing. The developer is investing 7 million euros of their own capital.

Preferred return of 18% IRR

As with all capital gains projects, it is not permitted to publish estimated returns. However, the return forecast can be calculated from the project information sheet using the formula: (Expected revenue – Estimated costs) / Total equity.

We have agreed with the developer that Urbanitae investors and project co-investors will have a preferred return on the contributed capital of 18% per year (IRR). This means the developer will not recover their equity nor have the right to profit until Urbanitae investors and co-investors receive an 18% annual return on their contribution.

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

Returns by the end of 2026

The project term is 28-32 months. The business plan outlines that construction will begin in the third quarter of this year and finish in the second quarter of 2026. At this point, a window for divestment of the medium-sized commercial area would open if conditions are favorable. Finally, in the fourth quarter of 2026, the assets will be sold, the company will be liquidated, and the remaining profits will be distributed to investors.

If you have any questions about the project, you can ask them in the webinar we will hold with Nuovit next Monday, June 17, at 12:00 (UTC+2). Additionally, we are available at and at the phone number (+34) 911 23 25 22. Don’t miss this opportunity and invest in flex living!

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