¡New project! Invest in luxury with a building permit in Benahavís

At Urbanitae, we continue adding property development opportunities in established locations with clear fundamentals. This time we’re presenting Casa Fortuna, a capital-gains project in Benahavís—one of the most exclusive areas on the Costa del Sol, very close to Marbella and Puerto Banús.

This is a project with a building permit already granted, immediate start of works, and a clear strategy: the acquisition, full refurbishment, and subsequent sale of a high-end single-family home in a leading gated community.

The project will open for funding on January 20 at 4:00 PM (UTC+1) and will include an informational webinar, taking place on January 19 at 12:00 PM (UTC+1), where we’ll go through all project details together with the project manager.

Luxury, high demand in El Herrojo

Casa Fortuna is located in the El Herrojo gated community, in the La Quinta area, within the municipality of Benahavís. It’s a residential enclave known for its high levels of security, privacy, and natural surroundings, with open views of the sea, mountains, and golf courses.

The project consists of the acquisition of an existing home, its full refurbishment*, and the development of a three-bedroom luxury villa, with a high level of amenities and services. The asset will include a pool, gym, spa, and a garage for seven vehicles, aligning with prime residential standards in the area.

The villa will sit on a plot of approximately 2,000 m², with over 1,400 m² of internal built area, in an elevated position facing the coast of Puerto Banús—one of the most sought-after locations in southern Europe.

Returns in 26–30 months

One of the key aspects of Casa Fortuna is that the project already has the building permit granted, allowing construction works to start shortly after the funding round closes.

The estimated project term is 26 to 30 months, from investor entry to final exit, with a timeline that includes:

• Q1 2026: Capital contribution and project start.
• Q1 2026: Execution of refurbishment and development works.
• Q4 2027: Marketing of the asset at an advanced stage of works, in line with the product type.
• Q2 2028: Sale of the property and profit distribution.

Based on the manager’s experience in similar projects in the same area, the marketing period is around six months once the works reach a high level of completion.

Experienced manager with meaningful co-investment

The manager for this operation is Casas Fintech, a company specialized in the development of luxury residential projects and part of Grupo Madre SGPS—an international investment consortium active across multiple sectors.

In this project, the manager contributes approximately 25% of the total equity, strengthening alignment of interests with Urbanitae investors. The manager also handles the end-to-end management of the development, from construction execution through marketing and final exit.

Casas Fintech is currently developing other projects in the same location, progressing as planned, which provides operational synergies and direct knowledge of the local market. This is the fourth project we’ve financed with this manager, following Cazorla – Piemonte, Villa Orquídea, Casa Coral, and Casa Coragem.

Investment structure

The transaction is structured as a capital increase through a special purpose vehicle (SPV) in which Urbanitae investors participate alongside the manager and other partners.

Total project equity amounts to €4,000,000, of which €1,947,500 corresponds to Urbanitae investors. The project also includes external financing agreed with a financial institution to cover part of the acquisition and development costs.

Why invest in Casa Fortuna?

From our perspective, this project brings together several relevant factors:

• Luxury residential development in a consolidated location.
• Building permit granted, enabling an immediate start of works.
• Specialized manager with proven local experience.
• Significant developer co-investment, aligning interests.
• Highly demanded product type in the prime Costa del Sol market.
• Agreed bank financing with a ground tranche.