New project! Invest in storage units with a 10% annual return
We’re excited to present a new investment opportunity with a developer well-known to our investors. Grupanxon is once again partnering with us to develop a storage unit project in Madrid. The project will open for investment next Tuesday, December 10th, at 12:00 PM (UTC+1). Want to invest in storage units with a 10% annual return? Here are the details.
The Palos de la Frontera project involves granting a loan for the acquisition and transformation of a commercial property into 57 storage units for end clients in Madrid. The development is located about 300 meters from Atocha Station and a 10-minute walk from Delicias Metro Station.
The developer, Grupanxon, is no stranger to Urbanitae. Palos de la Frontera marks their 16th project on our platform. With 12 completed projects already repaid to investors, their track record shows an average IRR exceeding 15% with a project duration slightly over 10 months. Grupanxon has over 20 years of experience and specializes in parking spaces, storage units, and residential properties.
15% total return
Palos de la Frontera is a debt project, providing financing to the developer for the acquisition and conversion of the asset into 57 storage units. The developer has signed an earnest money agreement with the current owners for the property purchase. Given the nature of the project, the construction license is being processed through a responsible declaration. Grupanxon has already conducted a technical study and confirmed the project’s viability.
Urbanitae investors will provide a loan of €550,000 at a fixed annual interest rate of 10% over 18 months. Interest will be paid upon maturity, with investors guaranteed minimum interest for the full 18 months, resulting in a total return of 15%.
Due to high demand for these projects, investment participation will be capped at €500 per investor.
44% of units reserved
The target clients for these storage units are neighborhood residents seeking additional space to store belongings. Sales are progressing well, with 25 out of 57 units already pre-reserved.
In this video, the developer and our Real Estate Director, Sergio Arana, share the key highlights of the Palos de la Frontera project.
12-14 months of construction
The construction phase is expected to last 12-14 months. The total project timeline, including the notarization process for the final units, is estimated at 18 months.
Regarding loan repayment guarantees, the debt contract includes the following:
- First-rank mortgage pledge on the property where the project will be developed, located at Calle de Murcia, 5, 28045, Madrid.
- First-rank pledge on the shares of the SPV.
Have questions? Join us for a webinar with the developer on December 9th at 12:00 PM (UTC+1), where you can ask your questions. You can also reach out to us anytime at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.
Don’t miss the chance to invest in storage units with a 10% annual return. We look forward to seeing you!