New project! Invest in Barcelona with 60% of units reserved

We bring you a new capital appreciation project with strong commercial progress, led by one of our most frequent developers. You can invest in Barcelona this Friday, October 11 at 12 p.m. (UTC+2).

The Residencial Priorat project involves the development of a residential complex of 68 homes in Cornellà de Llobregat (Barcelona). The development consists of two blocks with 35 and 33 units, as well as a commercial space. The apartments will have two, three, or four bedrooms, and all units include a parking space and storage room. As usual, the project also features landscaped common areas, a swimming pool, and a gym.

The location is excellent, with good connections to Barcelona via Trambaix (tram) and train, as well as road access.

For this project, we are once again partnering with RTV Grupo Inmobiliario, with whom we have worked five times previously. Since 1999, this developer has completed more than 20 residential projects in Barcelona and Ibiza, delivering over 400 homes. Additionally, RTV Grupo Inmobiliario has advised on the purchase and sale of commercial real estate assets valued at over 600 million euros.

60% of units reserved

The Residencial Priorat project is a capital appreciation investment, meaning that investors will participate as partners of the developer in the construction of the 68 homes. Specifically, investors will contribute 2,910,000 euros to fund the acquisition of the asset and the initial project costs. It’s important to note that the developer already owns the asset, which was purchased under a deferred payment arrangement—these payments will be made with the financing raised through Urbanitae.

One of the key strengths of the project is that 39 out of the 68 homes already have cash reservations (nearly 60%). Additionally, the building permit has already been requested, and it is expected to be obtained by the end of October 2024.

To finance the construction, bank financing will be used—the developer already has an offer in place. Moreover, RTV Grupo Inmobiliario is investing its own funds into the project, representing 59% of the total investment capital.

In this video, the developer and our Director of Real Estate, Sergio Arana, explain the details of the Residencial Priorat project.