At Urbanitae, we closed 2025 with solid growth and, above all, the feeling that we took several structural steps that will shape our development over the coming years. Throughout the year, we surpassed €280 million in transaction volume, 30% more than in 2024, when we reached €215 million.
This growth aligns with the strategy we’ve been rolling out: more activity, more asset types, new business lines, and a stronger international presence. But it also reflects a very clear underlying goal: to keep building a benchmark infrastructure for real estate co-investment in Europe.
3,400 new homes financed
Our activity as a participatory financing platform remains the main source of revenue and the core pillar of Urbanitae’s model. Through real estate co-investment, we finance residential, commercial, and industrial projects, always with a rigorous approach to analysis and risk management.
In 2025 alone, we contributed to financing nearly 3,400 homes, and since the beginning of our activity we have already participated in the development of more than 8,100 homes in Spain and Portugal.
This volume growth has gone hand in hand with a steady increase in repayments to investors. Throughout 2025, we surpassed the milestone of €100 million returned in a single year, and the cumulative total has now reached €180 million, with an average return above 12% since operations began.
Direct Investments, a key driver in 2025
2025 was also the year we launched two new business lines that expand and complement our value proposition.
The first is Urbanitae Direct Investments, launched in June—an investment model focused on direct acquisition of real estate assets, where the investor purchases the property outright, with end-to-end support from our team. In just a few months, this line has already exceeded €18 million in investment, validating the demand for direct, professionalized investment solutions with no operational friction.
The second is the Transactions area, created in September to boost co-investment in tertiary (CRE) assets beyond traditional residential: flex living, hospitality, student housing, among others. In this line, we have already successfully completed an early divestment in a tertiary asset in Madrid’s golden mile, delivering a total return of 13.9% and an IRR of 14.71%, reinforcing our commitment to this segment.
Urbanitae, with a fund management company
This growth and diversification strategy culminated in early 2026 with one of the most significant milestones since our founding: CNMV authorization to create our own fund management company within the Urbanitae Group.
This step does not represent a change of model, but rather a natural evolution. We remain a participatory financing platform, but we now expand our capabilities to channel capital through investment funds as well—allowing us to access institutional capital and take on larger-scale projects.
2026: a focus on CRE
Looking ahead to 2026, residential will remain our main focus, but commercial real estate is where we see one of the most compelling opportunities. We currently manage over €3 billion in assets under management, of which around €250 million corresponds to non-residential assets.
Another major challenge for the year will be to continue our international expansion. After completing our entry into Italy in 2025, we now operate in Spain, Portugal, France, and Italy, and we will continue exploring new opportunities in other European markets.
As Diego Bestard, founder and CEO of Urbanitae, summarizes: “the consolidation of our business lines and the momentum that the creation of our own funds will bring place us in a privileged position to keep growing and expand our impact on the real estate sector.”
We close 2025 with growth, new capabilities, and a clear roadmap. And, as always, with our feet on the ground.
