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At Urbanitae, we continue to drive investment opportunities in the real estate sector. This time, we head to Seville to present Edificio Dante, a new residential project in Entrenúcleos, one of the fastest-growing areas in the metropolitan region of Seville. The financing for this project will be available on the platform next Tuesday, March 18, at 4:00 p.m. (UTC+1). Given the high demand we anticipate, there will be a maximum investment ticket of €5,000 per investor.
A High-Potential Development in a Growing Area
The Edificio Dante project consists of the development of 260 subsidized housing units (VPO) with 1, 2, 3, and 4 bedrooms, each including a parking space and storage unit, as well as extensive common areas with a swimming pool and landscaped zones. The project also includes 10 commercial spaces, five of which have already been sold, and 18 professional offices, which the developer, Caralca, will retain due to their high commercial visibility.
Entrenúcleos, located in the municipality of Dos Hermanas, is one of the most dynamic urban development areas in southern Spain. Its growth has been boosted by the arrival of educational institutions like Loyola University, commercial projects like the upcoming Entrenasas shopping center, and leisure developments such as the Entrenúcleos Panoramic Tower. Additionally, it boasts excellent transport connections, both private (SE-30 and SE-40) and public, with Metrobus line 6, which connects to the Olivar de Quintos metro station.
An Experienced and Reliable Developer
Behind this project is Caralca, a highly experienced real estate developer with whom we have already financed Alcaidesa Homes in Cádiz, a project that is progressing as planned. Caralca has delivered over 1,800 homes, a student residence with more than 500 rooms, a hotel project with over 250 rooms, and has a business volume exceeding €450 million.
For the Edificio Dante project, Caralca acquired the land in 2021 at a very competitive price. Additionally, the project has already obtained a building permit for the first phase of construction, though the authorization covers the entire development. 50% of the residential units and 50% of the commercial spaces have already been pre-sold, indicating strong market demand in this area.
Regarding construction, the project has been awarded to Sanjose Constructora, one of the most reputable companies in the sector.
Financial Structure of the Project
Edificio Dante is a capital gains project, meaning that both the developer and Urbanitae investors enter as partners. The project already has approved financing from a top-tier banking institution. The total investment from Urbanitae investors will amount to €1,510,000, with a maximum investment ticket of €5,000 per investor.
The funds provided by our investors will be used to meet the equity requirements set by the bank for the granting of the developer loan, as well as to create a financial cushion for the necessary project expenses.
Potential for Higher Returns
As with all capital gains projects, regulations prevent us from disclosing the expected return for this project. However, it can be calculated using the project data sheet with the following formula:
(Projected Revenue – Estimated Costs) / Total Equity
One of the most interesting aspects of Edificio Dante is its potential for improvement in the business plan. The recent update to the VPO price index could translate into higher profitability for investors—or, at the very least, provide an additional safety margin against potential cost deviations.
The estimated timeline for this project is 34-38 months, with construction expected to begin at the end of April 2025. While this timeframe may seem long given the project’s advanced stage, it is important to note that this is a 260-unit subsidized housing development, which involves additional administrative processes during the deed registration phase. The project is expected to be completed by the second quarter of 2028.
Stay Updated on the Project
To learn all the details about Edificio Dante, we will hold an informative webinar next Monday, March 17, at 10:00 a.m. (UTC+1) with the project developer.
As always, you can find all the details in the Edificio Dante project sheet on our platform.
If you have any questions, feel free to contact us at contacto@urbanitae.com or call us at (+34) 911 23 25 22.
Don’t miss the opportunity to invest in a high-potential project in Seville!
