At Urbanitae, we close the first half of 2026 with a very positive balance. Between January and June, we transacted €158 million across the different branches of our activity. This represents 44% growth compared with the same period in 2025, when we reached €110 million.
This growth confirms the evolution of our model and the consolidation of a strategy based on two major pillars: strengthening our core activity – the financing of real estate projects through debt and equity – and progressively expanding the investment channels available to our investors.
Since 2019, Urbanitae has built an increasingly diversified real estate investment platform, with a presence across different geographies, asset types and complementary investment formulas. The first half of 2026 reflects precisely that evolution: we continue to grow in our core business, while new lines such as Direct Investments are also beginning to gain weight.
Direct Investments Gains Traction After Its First Year of Activity
One of the key highlights of this half-year has been the strong reception of Direct Investments, our line focused on the direct and full acquisition of real estate assets. Launched in 2025, this channel allows investors to access selected direct investment opportunities, with Urbanitae’s support throughout the process.
After barely one year of activity, Direct Investments already accounts for around 12% of the capital transacted between January and June. This figure confirms the interest shown by part of our investor base in formulas that make it possible to acquire complete real estate assets, while continuing to rely on Urbanitae’s analysis, selection and monitoring experience.
In any case, investment in debt and equity projects remains the bulk of our activity and the core on which the platform has been built since its beginnings.
More Than €68 Million Returned in Six Months
The growth in transacted volume has been accompanied by another particularly relevant figure: repayments. During the first half of 2026, we returned more than €68 million to our investors. In June alone, we made distributions worth €20.1 million.
Since the start of our activity in 2019, more than 60,000 investors have received repayments at Urbanitae. For us, this figure is essential because it reflects the full cycle of the model. It shows not only the ability to originate and finance projects, but also the maturation of the portfolio and the closing of transactions with returns for investors.
In terms of profitability, the 17 projects closed during the half-year recorded an average IRR of 10%. This figure consolidates the platform’s historical performance, whose average IRR on closed projects stands at 11.86% since the beginning of its activity.
Allonbay Aura and Navia: Two Standout Examples
Among recent repayments, the case of Allonbay Aura is particularly notable. This was a project for the development of 25 homes in Villajoyosa, Alicante. Urbanitae investors contributed €3.5 million, and the transaction closed with an IRR of 21.2%, compared with an expected IRR of 13.9% at the start of the project.
The Navia project is also worth highlighting. It was a loan for the development of a retail park in Vigo. In this case, repayment was expected 15 months after the investment, but the project was completed in just 7 months, with an IRR of 10.7%.
Both cases show how, in certain transactions, project execution and the evolution of timelines can significantly improve the return obtained by investors.
More Activity, More Diversification and New Investment Channels
The first half of 2026 confirms that Urbanitae continues to grow in volume, but also in breadth. Today, our activity combines residential projects, commercial assets, debt transactions, equity, hybrid formulas and new direct investment lines.
This diversification is a key part of our roadmap. It allows us to expand the opportunities available to investors, work with more developers and address opportunities across different segments of the real estate market.
As Diego Bestard, CEO and founder of Urbanitae, points out: “The first part of 2026 has delivered outstanding performance. We are confident that the second half will maintain, if not exceed, the same level. In fact, before the end of the year, we expect to have launched our first two investment funds, one focused on debt and the other on equity, with which we will diversify our activity even further.”
An Expanding Platform
Since our founding, we have financed real estate projects worth more than €680 million and have provided financing for the construction of more than 9,000 homes across Spain, Portugal and Italy. In addition, we have more than €3.5 billion in assets under management, of which around 90% corresponds to the residential sector.
We therefore close the first half of 2026 with solid growth, a portfolio that continues to generate repayments and new business lines that are beginning to consolidate. All this is aligned with the same objective that has guided us from the beginning: to offer investors access to selected real estate opportunities, with rigorous analysis, transparency and a 100% online experience.
