Urbanitae is opening a new real estate investment opportunity. This time we present Residencia Marte, a capital gains (equity) project in Móstoles (Madrid) that involves developing a 314-bed student residence. Funding will open on Wednesday, September 10 at 4:00 p.m. (UTC+2), with a total ticket of €5 million and an estimated term of 28–32 months.
On Tuesday, September 9 at 12:00 p.m. (UTC+2) we will host a webinar with the manager, where all questions about the project will be answered.
Strategic location
The transaction consists of purchasing a plot in Móstoles, very close to the Rey Juan Carlos University (URJC) campus, to develop a 314-bed student residence and subsequently sell it turnkey to an institutional investor.
The asset will have 8,982 sqm above grade and extensive common areas: gym, swimming pool, terrace, padel court, study rooms, and social spaces. It will also have an underground car park. The residence will be located just a seven-minute walk from the URJC campus — which hosts around 12,000 students a year — and also near the Carlos III University (UC3M), with 8,000 students.
It is a prime location with nearby public transport (commuter rail, metro, and buses), direct access to the A-5 motorway, and a full range of services, including a shopping center. Student demand is high, yet there is currently no residence supply that meets the needs of the Móstoles campus.
The manager: experience and specialization
The Residencia Marte project is promoted by Nero Quality Consulting, a Madrid-based real estate manager specialized in land development and residential assets, both build-to-sell and build-to-rent. With experience in municipalities such as Pozuelo, Coslada, Torrejón, Fuenlabrada, and Móstoles, the company focuses on areas with strong demand and appreciation potential.
In this transaction, Nero QC is already in advanced negotiations with the end buyer of the residence, reducing the project’s commercialization risk.
15% preferred IRR
Urbanitae investors’ capital will be structured via a capital increase. Urbanitae’s contribution will be €5 million, alongside €2.8 million from co-investors. The manager, the current landowner, will reach up to 20% of the share capital once milestones such as the building permit, execution of the construction contract, and signing of the purchase agreement with the end buyer are achieved.
A key aspect is that Urbanitae investors benefit from a 15% annual preferred IRR ahead of the manager. In other words, investors will recover their capital and the agreed return before the developer can earn profits.
In this video we walk you through the project’s key points.