We present a new investment opportunity on Urbanitae. Our upcoming project will allow you to invest in coastal property in Alicante, as always, starting from only 500 euros. It will take place on Wednesday, January 31, at 4 p.m. Interested?
The Allonbay Azure project involves the development of a new housing development on the Costa Blanca. Specifically, the project includes the construction of 42 one, two, and three-bedroom homes, all with parking spaces and storage rooms, in the northern part of Villajoyosa, in a area called Allonbay, about 100 meters from El Torres Beach.
The development will also feature a communal pool, children’s play area, equipped gym, sauna, jacuzzi, and landscaped common areas. Allonbay Azure is part of the Allonbay Village residential complex, which is the first project certified under the BREEAM Urbanism scheme in Spain for its sustainability.
Urbanitae already financed another residential project in the area, the Allonbay Aura project, last November. Therefore, we are repeating with the same developer. Quadratia is a company founded in 2005, but with a management team that has over 50 years of experience and has developed more than 7,500 homes. This developer is responsible for all residential promotions of Allonbay to date, totaling about 225 homes built and delivered.
License and 40% reservations
The Allonbay Azure project has a capital gains strategy, meaning that Urbanitae investors will become partners with the developer for the development of the project. The project will have a total equity of 4,500,000 euros; Urbanitae investors will contribute 3,600,000 euros, while the developer will contribute the remaining 20%.
Quadratia has an exclusive purchase option for the acquisition of the land on which the development will take place, which is free of charges. The project also has a building permit since July 2023.
The funding raised by Urbanitae will be used to acquire the land and support the startup costs of the project until the grant of the developer loan, currently under negotiation.
Regarding the project’s commercialization, Allonbay Azure already has cash reservations for 17 of the 42 homes that make up the development, which is 40%. The formalization of purchase contracts will take place after the grant of the developer loan and in parallel with the start of construction work.
In this video, Sandra Bertomeu, Director of the International Area at Quadratia, and Diego Bestard, CEO of Urbanitae, explain the key points of the project.
Profitability in 26-30 months
As in any equity project, crowdfunding platform regulations do not allow us to publish the estimated profitability figure. However, you can calculate it based on the information available on the project’s profile.
The expected timeline for the Allonbay Azure project is 26 to 30 months. Capital application and land acquisition will be achieved in the first quarter of this year, and construction will begin in the second. It is expected that the construction will be completed between the fourth quarter of 2025 and the first quarter of 2026, with the delivery of homes. The settlement of the company and profit distribution will occur in the first or second quarter of 2026.
Now you know, if you want to invest in coastal property, this project is a good opportunity. If you have any doubts, you can ask the developer directly in the webinar that we will hold with them on January 29 at 12 p.m. As always, our Investor Relations team will be happy to assist you at contacto@urbanitae.com or by phone at 911 23 25 22.
