New project! Invest on the seafront in Costa Blanca
Urbanitae is opening a new investment opportunity: the Allonbay Hills project, a new-build residential development on the seafront in Villajoyosa (Alicante). Funding will open on Thursday, September 25 at 12:00 p.m. (UTC+2).
One day earlier, on Wednesday, September 24 at 1:30 p.m. (UTC+2), we will host a webinar with Quadratia, the project manager of Allonbay, to go over all the details of the operation.
The project
Allonbay Hills involves the development of a residential complex with 125 homes featuring 1, 2, and 3 bedrooms. The project will be distributed across a single block with three entrances and up to eight floors above ground. Every unit will have a terrace overlooking the Mediterranean, and the complex will include 125 storage rooms, 126 parking spaces, and large common areas: swimming pool, gardens, gym, sauna, jacuzzi, and a social club with an infinity pool on the rooftop.
The project already shows significant commercial traction: in the first phase (83 units), 26 reservations (31%) have been signed since marketing began in August 2025.
A Costa Blanca landmark
The development is located in Villajoyosa, a key tourist destination on the Costa Blanca, just 30 km from Alicante and 10 km from Benidorm. The town nearly doubles its population in the summer, reaching around 65,000 inhabitants, thanks to its coastal appeal and excellent connections by road, rail, and air via Alicante International Airport.
Allonbay Hills stands out for its elevated location and direct sea views, adjacent to the Allonbay Village complex, where Quadratia has successfully developed more than 300 homes.
The manager: Quadratia
The project is led by Quadratia, a company founded in 2005 with over 50 years of combined experience in residential development and more than 7,500 homes delivered across Spain.
In Villajoyosa, Quadratia has already delivered 229 homes and has another 73 in the final delivery phase, in addition to four projects financed with Urbanitae (Allonbay Aura, Azure, Alba, and Urban), totaling 114 homes under construction. With Allonbay Hills, this successful partnership is reinforced, making it the fifth joint project between Quadratia and Urbanitae.
Deal structure
The operation is structured through a capital increase, where Urbanitae investors will contribute €4,450,000 via a special-purpose vehicle, which will in turn invest in the developer company, Allonbay Hills S.L.
Total equity amounts to €8,900,000, of which Quadratia contributes 15% of its own funds, ensuring alignment of interests with investors. The land is already owned by the developer and a partner, and part of the investment will be used to acquire the partner’s share, as well as cover initial costs until the development loan is formalized.
As with all capital-gains projects, the regulator (CNMV) does not allow us to provide an estimated profitability figure. In addition, it requires us to present two alternative scenarios alongside the base case. In every case, profitability is calculated in the same way, based on the project’s financials. The formula is as follows:
(Projected revenues – Estimated costs) / Total equity
Why invest in Allonbay Hills?
Here are the project’s main strengths:
- A seafront development with privileged views.
- Project with more than 20% reservations in the initial phase.
- Developer with a proven track record and international market experience.
- Fifth joint project with Urbanitae, following the success of Allonbay Aura, Azure, Alba, and Urban.
- Quadratia invests its own capital (15% of the total).
Projected timeline
The estimated duration of the Allonbay Hills project is 38–42 months:
- Q4 2025 – Closing of the transaction.
- Q3–Q4 2026 – Start of construction for phase 1 (83 homes).
- Q3–Q4 2027 – Start of construction for phase 2 (42 homes).
- Q2 2028 – Completion of phase 1 and initial deliveries.
- Q1 2029 – Completion of phase 2 and deeds.
- Q2–Q3 2029 – Dissolution of the company and distribution of profits.
If you have any questions, you can join the webinar on September 24 at 1:30 p.m. (UTC+2), email us at contacto@urbanitae.com, or call us at (+34) 911 23 25 22. And if you’re already convinced, don’t miss the chance to invest in Allonbay Hills and take part in an exclusive beachfront residential project on the Costa Blanca.
