New project! Invest on the frontline of the Costa del Sol
We have a new project at Urbanitae. Today we bring you the opportunity to invest on the frontline of the Costa del Sol. In fact, in one of the last available plots. This will be next Wednesday, July 17th, at 4:00 PM (UTC+2). Here are all the details.
With the Manilva project, we travel to the town of Manilva in Málaga, bordering Cádiz. We will develop, with Grupo ABU, a promotion of 140 multi-family homes with two, three, and four bedrooms, with large terraces and sea views. The promotion also includes 146 parking spaces and 105 storage rooms, as well as common and landscaped areas. The development is located next to the Marina and the Castle of La Duquesa, with direct access to the La Duquesa golf course and extensive beaches.
As for the developer, it is already known at Urbanitae. Grupo ABU has already financed the Residencial Uniq and Salvia projects. Both developments are in the province of Málaga, have started construction, and are 100% and 65% sold, respectively. Moreover, Grupo ABU has 25 years of experience in which it has delivered more than 3,500 homes.
Capital gains strategy
This project has a capital gains strategy. This means that we enter into a partnership with the developer to carry out the promotion. Specifically, the contribution from Urbanitae investors will be used to purchase the shares of the company that owns the land where the promotion will be developed and to cover the initial costs of the project before the arrival of bank financing.
The project ticket amounts to €5,000,000. Grupo ABU will manage the project and, together with external investors, will contribute 50% of the total investment capital.
The project already has a building permit, but it will be replaced by a new permit to accommodate modifications such as larger terraces (and better sea views). The developer is expected to submit the new permit in the coming weeks and its approval is expected within six to nine months.
The marketing of Manilva has not yet started. It will begin in September-October, led by Nvoga Marbella Realty, which has more than 30 years of experience in the Costa del Sol real estate market.
In this video, the developer and our CEO, Diego Bestard, explain the project details.
Profitability in 2027
As with all capital gains projects, the regulator does not allow us to advance estimated profitability figures. However, it can be easily calculated from the project sheet information. The formula for the calculation is: (Projected revenue – Estimated expenses) / Total equity.
A period of 32-36 months has been estimated for this project. According to the business plan, the land acquisition will be completed in the third quarter of this year. The building permit and the start of construction are expected in the second or third quarter of 2025. It will be in the first or second quarter of 2027 when the construction is completed and the homes are delivered. Finally, the liquidation of the company and the distribution of profits to investors will occur in the second or third quarter of 2027.
Do you have any questions? You can ask them in the webinar we will hold with Grupo ABU on July 12th at 12:00 PM (UTC+2). As always, we remind you that you can find us at contacto@urbanitae.com and (+34) 911 23 25 22. Don’t miss the chance to invest on the frontline of the Costa del Sol with Urbanitae.