We have a new capital gains project at Urbanitae—the sixth of the year! We’re returning to the province of Málaga, where we’ve already financed 39 projects with a total volume exceeding €100 million. This time, we’re heading to Estepona with a highly experienced developer: Neinor Homes. We will open this investment opportunity on Wednesday, February 26, at 4:00 PM (UTC+1). Here are all the details.
The Celestia Homes project consists of the purchase of a seaside plot for the development of 25 multi-family homes with parking spaces and communal areas. The property is located in the Arroyo Enmedio urbanization sector of Estepona, a newly expanding area of the municipality that offers all essential services and is just a few meters from the sea. Additionally, it has direct access to the Mediterranean Highway (AP-7).
Regarding the developer, Neinor Homes is one of the most active real estate developers in Spain, with over 30 years of experience in the sector and more than 11,000 homes delivered nationwide.
Building Permit Requested
The marketing of the Celestia Homes project began in January 2025, and one unit has already been reserved, with three more reservations in the process of being finalized. Furthermore, the building permit has been requested, and the developer is negotiating construction financing with a top-tier financial institution.
This project follows a capital gains strategy, which involves partnering with the developer to acquire the land for the 25-home residential development. As a result, Urbanitae investors will co-invest with the developer in purchasing the asset. Their contribution, totaling €2,810,000, will also be used to cover additional costs not financed by the bank, which will fund the construction and part of the project’s technical expenses.
The developer has signed a deposit contract on the asset and has already paid 50% of the purchase price. The remaining payment for the land will be completed upon the entry of Urbanitae investors. Neinor Homes will oversee the full project management and will contribute 20% of the total investment value.
In this video, the developer and our Real Estate Director, Sergio Arana, explain the key aspects of the project:
Returns in 26-30 Months
The estimated timeline for this project is 26-30 months. Construction is expected to begin in the second or third quarter of 2025 and conclude in the first quarter of 2027, when the homes will be delivered. The distribution of returns to investors is scheduled for the second quarter of 2027.
Do you have any questions? Join our webinar with the developer on Friday, February 21, at 12:00 PM (UTC+1), where we will address all inquiries.
You can also reach us at contacto@urbanitae.com or call us at (+34) 911 23 25 22.
Don’t miss this opportunity to invest in a seaside residential development on the Costa del Sol! We look forward to seeing you!
