Urbanitae launches a new real estate co-investment opportunity on the Costa del Sol in partnership with Top Gestión, one of the most active developers in the El Higuerón area (Fuengirola, Málaga). This is the Kala project, a development of 52 single-family homes with high-end communal areas: two outdoor swimming pools, a gym, multipurpose room, and landscaped gardens.
You can invest starting Monday, August 25 at 12:00h (UTC+2). Here are the details.
A privileged location on the Costa del Sol
The project is located in El Higuerón, one of the most dynamic residential areas between Fuengirola and Benalmádena. This location stands out for its panoramic sea views, quick connections to the A-7 motorway and Málaga airport, and a wide range of high-quality services such as the Higuerón Curio Collection by Hilton hotel.
The development takes advantage of the natural slope of the plot, allowing most homes to enjoy sea views. Each unit will feature three bedrooms, a private garden, and a layout across basement, ground, and first floors.
A proven developer
The project’s developer is Top Gestión, a company specialized in residential development with a portfolio of more than 2,300 homes and over 500 developed in the El Higuerón area. The firm has worked in strategic markets such as Marbella, Málaga, Ibiza, Madrid, and Alicante, with a clear focus on sustainable, high-quality new-build housing.
Urbanitae has already partnered with Top Gestión on the El Higuerón TB51 and El Higuerón TB65 projects, both successfully funded through the platform.
Preferred IRR of 12%
The Kala project follows a capital appreciation scheme through a capital increase in the development company. The total planned investment for this first phase amounts to 5 million euros. Top Gestión will initially contribute 50% of the capital, and a second funding round by Urbanitae is expected later, once phase 2 of the project reaches greater maturity.
The profitability is structured with a preferred right for Urbanitae investors to receive a 12% net annual IRR before the developer and its partners. Above a 15% IRR, the developer shares in the profits through a promote system linked to sales volume.
Urban planning progress and project phases
The development will be divided into two phases:
- Phase 1: Construction of 31 homes across four blocks, plus communal areas. The building permit has already been granted, and work is scheduled to begin in 2026.
- Phase 2: Development of the remaining 21 homes in three blocks. The license is being processed and is expected in the second quarter of 2026.
Urbanitae investors will recover their invested capital and part of the profits upon delivery of Phase 1 (months 32-36 of the project), with the remainder distributed after Phase 2, expected between months 36 and 40.
Marketing will be handled by Prime Invest, a well-established agency on the Costa del Sol, Granada, and Ibiza, currently managing more than 1,250 homes for sale. In addition, the project already has approved bank financing from a leading national institution, further strengthening the security of the operation.
Estimated timeline
The project’s duration is estimated at 36–40 months:
– Q3 2025: Capital increase, acquisition of the asset, and start of marketing.
– Q1 2026–Q2 2026: Start of construction works for Phase 1.
– Q4 2026–Q1 2027: Start of construction works for Phase 2.
– Q2 2028–Q3 2028: Completion and delivery of Phase 1 homes. Capital distribution to investors.
– Q4 2028–Q1 2029: Completion and delivery of Phase 2 homes. Profit distribution to investors.
Why invest in the Kala Project?
- Leading developer, with over 500 homes developed in El Higuerón.
- New-build project in one of the most sought-after residential areas of the Costa del Sol.
- Building permit granted for Phase 1.
- Sales managed by Prime Invest, with proven expertise in the area.
- Secured bank financing.
- Alignment of interests: the developer is investing its own capital in the project.
Any questions?
On Friday, August 22 at 12:00h (UTC+2) we will host a webinar with the project developer, where you can ask any questions. You can also reach us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.
👉 With the Kala project, Urbanitae strengthens its presence on the Costa del Sol and offers investors the chance to participate in a real estate development with strong demand potential, a leading developer, and a preferred return structure.
