We are excited to introduce a new debt project on Urbanitae. Next Monday at 16:00 (UTC+2), we are offering you the opportunity to invest with Grupanxon in storage units with a 10% return in 12 months. Here’s everything you need to know.
With the Castellanos project, we return to Madrid. This time we are talking about two developments. On one hand, the Castellanos development involves transforming a commercial space owned by Grupanxon into five tourist accommodations, which have licenses from the Madrid City Council: the developer will retain the asset. On the other hand, the Manuel Becerra development involves converting a commercial space into 44 storage units for sale. 23 units are already reserved (52%).
The first location is in the Carabanchel district, 10 minutes from the San Francisco metro stop. The second is 500 meters from Plaza Manuel Becerra, in an area with green spaces and all kinds of services.
15 projects with grupanxon
Regarding the developer, we are once again partnering with Grupanxon, which has financed 14 projects with us. In addition to its proven track record – having developed over 2,000 storage units and garages since 2017 – Grupanxon has a strong track record on Urbanitae. Grupanxon has already returned 10 projects to investors: in all cases, exceeding the estimated IRR and the expected timeframe. The average final duration is nearly nine months, while the average IRR is 16.5%.
10% return in 12 months
The Castellanos project is a debt project. Therefore, Urbanitae investors join together to grant a loan to the developer for the purchase of one of the commercial spaces and the development of both projects. The loan amount is €550,000, with a fixed interest rate of 10% and a duration of 12 months. Due to the high demand for these projects, there will be a maximum ticket of €1,000 per investor.
One of the strong points of the project is the 52% commercial progress, which is significant since it is not necessary to sell all the storage units to repay the loan. Additionally, the building permit is processed as a responsible declaration, so there is no need to wait for the Administration to start the works.
Regarding the loan repayment guarantees, a first-rank mortgage promise on the properties of both developments is established, as well as a first-rank pledge promise on the shares of the SPV.
The expected duration of the construction is 10 months, and the entire project is estimated to be completed in a total of 12 months – with a possible three-month extension in the 12th month. This means that the loan repayment is expected to occur in the third or fourth quarter of 2025.
In this video, the developer and Diego Bestard, CEO of Urbanitae, explain the project details.
In any case, if you have any questions, you can ask them in the webinar we are holding with the developer on Thursday, July 18 at 12:00 (UTC+2). As always, you can contact us via email at contacto@urbanitae.com and by phone at (+34) 911 23 25 22. Don’t miss the opportunity to invest with Grupanxon in storage units.
