New project! Real estate investment just 100 meters from Gavá Beach

Urbanitae is launching a new capital appreciation project in one of the most attractive areas along the Catalan coast. We’re talking about Gavá, southwest of Barcelona, where funding will open next Friday, May 30 at 12:00 p.m. (UTC+2) for the development of a residential complex with 34 multi-family homes. On Wednesday, May 28 at 4:00 p.m. (UTC+2), we’ll be hosting a webinar with full details about the project.

The development will be located at the corner of Calle Begur and Avenida Europa, just 100 meters from Gavá Beach—a well-established residential area that combines a peaceful environment with excellent road connections and convenient access to schools, supermarkets, and parks. The plot lies in a growing area with direct access to the Castelldefels motorway, providing quick connectivity to Barcelona.

Second project with Shevat

This marks a new collaboration with Shevat, a developer with whom Urbanitae already partnered on the Golf Terraces project. Founded in 2006, Shevat Holding is a real estate hub with over 75 developments completed in Spain, most of them in the province of Barcelona.

This project will consist of a 34-unit building, each with two parking spaces and a storage room, plus communal areas and a swimming pool. The homes will feature 2 or 3 bedrooms and an average built area of around 120 sqm. The layout of the buildings also allows for construction to progress in parallel with the ongoing urban development works in the adjacent area, which are expected to be completed in about 30 months.

Project structure and terms

This is a capital gains project, in which Urbanitae investors act as partners of the developer. They will contribute a total of €3,000,000, which includes €10,000 allocated to management costs. The total capital for the project is €10 million, involving contributions from the developer, co-investors, and Urbanitae.

Shevat will contribute 20% of the total equity and will also oversee construction through its in-house building company. A deposit agreement has already been signed, and €1 million has been paid toward the land purchase. The remaining amount will be covered by investor contributions and a loan from a top-tier bank. The building permit is expected to be requested in June.

A high-potential market

Currently, there are very few new developments in this area of Gavá, which enhances the project’s commercial appeal. An independent market study has been carried out to validate the projected sales prices. The area shows strong demand for residential housing and offers excellent quality of life, making it attractive to both domestic and international buyers.

Estimated timeline and returns

The estimated project duration is 36 to 40 months. The property purchase will be finalized in the second quarter of 2025. Construction is scheduled to begin in Q3 2026, with completion and handover of the homes expected in Q2 2028. Profit distribution is expected to take place in Q3 2028.

In accordance with current regulations, we cannot publish expected returns. However, as a reference, in the favorable scenario of the business plan validated by Urbanitae, total revenues would reach €39.26 million, compared to total costs of €32.48 million. You can check more details about the scenarios in the project file.

Watch this video to discover the key aspects of the project.