Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Urbanitae presents a new capital gain project on the Costa del Sol. This time, you can invest in a prime area of Marbella with Urbanitae and Grupo Abauco. It will be next Tuesday, July 23 at 4 PM (UTC+2). We provide more details below.
The Elviria Homes project consists of the development of a new residential promotion in Marbella, specifically in Elviria, one of the most in-demand areas of the region. Located on Calle Hiedra, the promotion encompasses 11 blocks with 88 multi-family homes with 2, 3, and 4 bedrooms, each with two parking spaces, large terraces, and sea views. Additionally, the common areas of the complex include three swimming pools, garden areas, a gym with a spa, coworking spaces, and several golf courses nearby.
With its privileged location – a 15-minute drive from Marbella city center – and a wide variety of beaches, shops, and social clubs, Elviria has also become a major tourist attraction.
The developer of this opportunity is Grupo Abauco, with whom we have already worked on five occasions, in projects such as Santa Hortensia 58, Alcotán Zabala, or García Lorca. Additionally, it has more than 15 years of experience in the sector. Elviria Homes will be co-managed by Concept Homes, an international development company with 20 years of experience and over 25 projects in five countries.
Building permit requested
This is a capital gain project, which means that the developer and Urbanitae investors will become partners. Specifically, Urbanitae investors will contribute a ticket of 5,000,000 euros, intended to purchase the land on which the promotion will be developed, which is free of charges, and to cover costs until the entry of bank financing. The managers, along with the investors who accompany them, will contribute 50% of the total investment capital.
Although it does not yet have a building permit, it was requested in December 2023: managers expect to obtain it in the first half of 2025.
Since the marketing of Elviria Homes has not started, there are no reservations yet. However, the company responsible for this, starting in September, is Nvoga Marbella Realty, which has more than 30 years of experience and has sold more than 30 residential complexes on the Costa del Sol.
In this video, the developer and our CEO, Diego Bestard, explain the project details.
Profitability in 32-36 months
The estimated duration of this project is 32 to 36 months. Construction is expected to begin between the second and third quarters of 2025 and to be completed in the first or second quarter of 2027. The liquidation of the company and the distribution of profits among investors is scheduled for the second or third quarter of 2027.
Again, as with all capital gain 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 calculation is: (Estimated Revenue – Estimated Costs) / Total Equity.
In any case, if you have any questions, you can send them to us in the webinar we will hold with Grupo Abauco next Thursday, July 18 at 5 PM (UTC+2). As always, we remind you that you can find us at contacto@urbanitae.com and at the phone number (+34) 911 23 25 22. Don’t miss the opportunity to invest in a prime area of Marbella with Urbanitae.
