We present to you our second real estate investment opportunity in Italy: the Boezio project, a loan to finance part of the rehabilitation of a residential building in the historic center of Pavia, just 35 kilometers from Milan.
The investment opening will be on Monday, December 1 at 16:00 (UTC+1), and on Thursday, November 27 at 10:00 (UTC+1) we will hold an informative webinar with the management team to detail all aspects of the project.
Rehabilitation of a Historic Building in Central Pavia
The Boezio project involves partial financing of the 957 m² full rehabilitation of a building located at Via San Severino Boezio, in the heart of Pavia.
The property, which already has construction permits and work underway with more than 45% completed, consists of a ground floor plus two upper floors and a basement for storage. It will include 12 apartments with one to four bedrooms, some with balconies or terraces.
The completion of the works is expected in Q4 2026, and 5 of the 12 units have already been sold.
The building is in a prime location, just a 2-minute walk from the University of Pavia and 20 minutes from Polyclinic San Matteo, one of northern Italy’s most important hospitals. Surrounded by restaurants, shops, and historical monuments, the project benefits from high housing demand, both for sale and rental, driven by the city’s university and healthcare population.
12% Annual Return in 12 Months
Urbanitae investors will provide a fixed-rate loan of 12% per year to DPM Europa S.R.L., owned by the developer Gruppo Masera.
The total loan amount is €800,000, structured in a single 12-month tranche, with the possibility of a six-month extension.
Interest accrues from the signing of the contract and will be paid along with the principal at maturity. Early repayment is possible, always with a minimum return equivalent to nine months of interest.
Funds for construction will be released monthly based on certifications reviewed by an independent project monitor overseeing progress and execution costs.
Guarantees and Alignment of Interests
As with all Urbanitae debt projects, this operation comes with guarantees to enhance investment security:
- Pledge of the SPV’s shares
- Pledge of the SPV’s bank accounts
- Sale mandate over the property, activated automatically in case of default or non-repayment at maturity
Additionally, the developer contributes €751,000 of own capital, demonstrating commitment and alignment with investors.
The Developer: Gruppo Masera
Gruppo Masera is an established developer in northern Italy, operating in Lombardy, Milan, Pavia, Como, and Brianza. Specializing in residential renovations and new construction, it has an extensive network of collaborators and a track record of high-quality projects.
Their local market expertise and strong sales network ensure efficient execution and competitive positioning of the rehabilitated apartments.
In this video, we tell you the details of the project.
Why Invest in Boezio?
Key highlights of the Boezio project:
- Fixed 12% annual return, minimum nine months of interest guaranteed
- Project with permits granted and over 45% of works completed
- Urbanitae’s second opportunity in Italy after a successful debut
- Experienced developer in Lombardy, with completed similar projects
- Guarantees on SPV shares and bank accounts, plus a sale mandate
- Five of 12 apartments already sold, confirming local demand
Estimated Timeline
- 12-month term, with a possible six-month extension
- December 2025: Loan formalization
- Q4 2026: Completion of works and apartment delivery
- Q4 2026: Return of capital and interest to investors
Pavia: A University City with High Demand
With 70,000 inhabitants and over 20,000 students, Pavia is one of the most dynamic cities in Lombardy. Its proximity to Milan (35 km) and strong academic and healthcare base generate steady housing demand for both purchase and rental.
The Boezio project combines attractive returns, solid guarantees, and an experienced developer in a location with real demand and growth potential.
- Informative webinar: Thursday, November 27 at 10:00 (UTC+1)
- Investment opening: Monday, December 1 at 16:00 (UTC+1)
