New Project! Invest in Cádiz: 15% Annual Return

We present Proyecto Martinica, a new high-value project in Jerez de la Frontera. The operation consists of the development of a residential promotion on a plot located in Sector 26 “La Milagrosa.” The project has applied for a construction license, expected to be granted in the coming weeks, coinciding with the entry of investors.

• Webinar: Wednesday, December 24 at 12:00 (UTC+1)
• Opening of the project: Monday, December 29 at 16:00 (UTC+1)

A residential development with 50% sold

Proyecto Martinica plans the development of 132 apartments in multifamily buildings, with parking spaces and storage rooms, and 18 townhouses. Additionally, the development will feature large common areas and 17 commercial units.

The project has a commercial progress of over 50%, with sales starting in January 2025, reflecting the strong reception of the product in the local market.

The development will be located in Sector 26 “La Milagrosa,” to the east of Jerez de la Frontera, an expansion area whose development was approved in 2003, with phases 1 and 2 urbanized until 2008.

Operation Structure

Urbanitae investors will contribute €3,025,000 to a special purpose vehicle, which will later enter the project’s development company. The total capital amounts to €5,500,000, contributed jointly by Urbanitae investors and the developer.

The developer has already acquired the plot through a newly created company, and with the entry of investors, part of their investment is recapitalized and costs not covered by bank financing will be addressed. The project plans to obtain external financing from a top-tier bank, intended to cover construction costs and part of the technical expenses.

A preferred return scheme of 15% per year is established for Urbanitae investors, which consists of recovering the contributed capital plus this return before the developer. Once the capital and preferred return are repaid, the additional margin is distributed 70% to the developer and 30% to the investors, aligning incentives in project execution.

A Developer with Proven Experience in the Area

The project developer is DIMA Gestión, a company with over three decades of experience in the real estate sector, dedicated to the development, management, and investment in residential and land assets. Headquartered in Jerez de la Frontera, it develops urban and residential projects nationwide.

Additionally, the developer is currently working on another project in the same location, with over 50% of the units sold, financing secured with a top-tier bank, and construction work underway.