New project! Invest on the Costa del Sol with sea views
Urbanitae opens a new investment opportunity: Moon 64, a new-build development in Manilva (Málaga). Funding will open on Thursday, September 18 at 4:00 p.m. (UTC+2).
Today at 4:30 p.m. (UTC+2) we’re hosting a webinar with the manager to explain all the details of the operation.
The project
Moon 64 involves the purchase of a plot in Manilva to develop a 64-unit multifamily residential scheme, with a parking space and storage room for every home. The community will also feature extensive common areas—coworking lounge, gym, and communal pool—plus private pools on the ground-floor units and penthouses.
The location is exceptional: in El Castillo de la Duquesa, just 500 meters from the beach, with sea views and direct access to the A-7. It’s a strategic spot on the Costa del Sol, highly attractive for both residents and investors.
Deal structure
The investment is structured via a capital increase. Urbanitae investors will contribute €4,010,000, joining the SPV Terracota Opportunities 3 S.L., which in turn will invest in the project developer, Esmeralda de Manilva S.L.
Total project equity amounts to €5,000,000, of which Urbanitae contributes €4 million and the manager, Alnasir, contributes 20%. A top-tier financial institution currently in negotiations will provide the construction financing.
The manager: Alnasir
Alnasir, a Córdoba-based developer with broad experience across Andalusia, is a benchmark in residential and urban developments in high-demand areas such as Málaga, Seville, Córdoba, and the Costa del Sol. This is its third project on Urbanitae, following Ocean View and Rabanales.
In addition, the company is currently developing another scheme in the same area with over 80% of units sold and financing already secured, which creates synergies and adds confidence to the Moon 64 project.
As with all capital-gains (equity) projects, the regulator (CNMV) does not allow us to publish an estimated return figure. It also requires us to present two alternative scenarios in addition to the base case. In all cases, the return is calculated the same way, based on the project factsheet data, using the formula:
(Projected revenues – Estimated costs) / Total equity
In this video we walk you through the project’s key details.
Why invest in Moon 64?
Here are the project’s main strengths:
- Prime Costa del Sol location, a destination with strong national and international demand.
- New-build project with the building permit applied for.
- Synergies with another project by the same developer in the area.
- The manager is investing its own capital, aligning interests with investors.
Projected timeline
The estimated duration of Moon 64 is 36–40 months.
- Q4 2025 – Capital increase and plot acquisition.
- Q2 2026 – Start of construction works.
- Q2 2028 – Construction completed, declaration of new build, and delivery of homes.
- Q4 2028 – Profit distribution to investors.
If you have any questions, join the webinar today at 4:30 p.m. (UTC+2), or write to contacto@urbanitae.com or call (+34) 911 23 25 22. And if you’re ready, don’t miss the chance to invest in Moon 64 and take part in a unique residential project on the Costa del Sol.
