Invest in luxury housing in Lisbon
We’re back in Portugal to bring you our fifth project in the country. We’re returning to Lisbon with a luxury development that you’ll be able to invest in starting Wednesday, October 9, 2024, at 4:00 PM (UTC+2). Let us share all the details.
The Quinta do Cedro project is located in the municipality of Oeiras, part of the Lisbon district—one of the 18 districts in Portugal. Specifically, the development is situated in the parish of Cruz Quebrada, a prime location, in the second line of the Tagus River and just a few meters from the Algés seafront promenade.
The project we are financing involves the development, already underway, of a 22-unit multifamily residential building with gardens, balconies, private terraces, two rooftop pools, 59 parking spaces, and a gym. As you can see, this is a luxury development with all kinds of amenities.
The developer is Vogue Homes, the same company we partnered with on our first project in Portugal, the Paulo Duque project. Vogue Homes has 20 years of experience in this type of product and specializes in new residential developments in Lisbon and its surrounding areas.
45% of the construction already completed
One of the key advantages of this project is that there’s no need to wait for a construction license—it has been in place since 2020. In fact, construction is already about 45% complete. Moreover, four units have already been pre-reserved, representing a commercial advance of 18%.
This project follows a capital gains strategy. Urbanitae investors will partner with the developer to continue the progress of the Quinta do Cedro project. Specifically, investors will contribute €2,667,000. The developer is also investing their own capital, amounting to about 26% of the total investment.
In this video, the developer and our CEO, Diego Bestard, explain the details of the project.
Preferred IRR of 15% for investors
As with all capital gains projects, we cannot publish estimated returns. However, the expected profitability can be calculated from the project fact sheet using the formula: (Estimated Revenue – Estimated Costs) / Total Equity.
We have agreed with the developer that returns will be preferential for Urbanitae investors. Specifically, we have arranged for Urbanitae investors to receive a preferential return on generated profits of 15% annually (IRR). This means that the developer will not receive any profits until Urbanitae investors have achieved an annual return of 15%.
The estimated duration of the project is 20 months. Therefore, if the investment and construction monitoring are expected to take place in the fourth quarter of 2024, the construction should be completed by the second quarter of 2025. The homes will be delivered in the first quarter of 2026. Urbanitae investors will recover their money, according to the plan validated with the developer, between July and September 2026.
Have questions? We’re happy to assist you by phone at +34 911 23 25 22 or by email at contacto@urbanitae.com. Additionally, we will be hosting a webinar with the developer on Wednesday, October 2, 2024, at 12:00 PM (UTC+2), where you can ask any questions.
We look forward to seeing you on October 9 to invest with us in Lisbon.