New Project! Invest in Alicante with a 17% preferred IRR
We’re launching a new investment opportunity on the Costa Blanca, the Essence project, in L’Alfàs del Pi, a residential development in one of the most attractive areas of the Marina Baixa.
This is a capital gains-focused project with a €2,000,000 ticket, an estimated term of 32–36 months and a 17% preferred IRR for Urbanitae investors.
The project includes the acquisition of two unencumbered urban plots, with a combined surface area of more than 13,000 m², to develop 123 homes across nine multi-family blocks.
- Investment opening: Friday 20 February 2026 at 12:00 (UTC+1)
- Info webinar: Wednesday 18 February 2026 at 12:00 (UTC+1)
Building permit in force
The development is mainly composed of 2-bedroom homes, with some 1- and 3-bedroom units. Most will feature a private garden or solarium, and some will offer the option of a private pool or jacuzzi.
Communal areas will include a swimming pool, green spaces, and a children’s area, creating a product that aligns strongly with second-home demand in the region.
The Essence project has a building permit, which was granted in November 2025, enabling construction to begin without pending urban-planning risk.
On the commercial side, the project was also launched in November and already has 22 units reserved (18% of the total), with clearly international demand.
Strong residential demand
The asset is located in L’Alfàs del Pi, above the AP-7, 7 km from Benidorm, 50 km from Alicante, and 5 km from the beach and the Serra Gelada Natural Park.
It is a municipality with a consolidated residential base and a strong international component: more than 50% of the population is foreign-born, mainly from the United Kingdom, Germany, Romania, Russia, Italy, and France.
In addition, it shows a high per-capita income within Marina Baixa and an economy strongly supported by tourism and second-home residency.
Preferred equity structure
The transaction is structured as an equity project with a capital gains strategy. Urbanitae investors will contribute €2,000,000 via a capital increase.
The developer will co-invest €875,000 of its own capital, ensuring alignment of interests. Construction financing will be executed through alternative financing, with proposals already received from two specialized institutions.
A distribution structure is established with a 17% IRR preferred return for Urbanitae investors. Only once that threshold is reached:
- The developer will recover its capital and an equivalent return.
- If additional profits are generated, the excess will be split 50% to the developer and the remainder according to the investors’ equity percentage.
This structure protects investor capital and prioritizes investor returns ahead of the developer.
Why invest in this project
Below are the key strengths of the Essence project:
- Marina Baixa has limited supply of comparable new-build product, especially multi-family developments with communal areas and an international focus.
- The building permit was granted in November 2025, removing one of the main technical risks in a development project.
- With 18% of units already reserved, the project has demonstrated commercial traction at an early stage.
- The developer co-invests meaningful equity, and the structure grants priority of repayment until the 17% preferred IRR is achieved.
Expected return in 2029
This project has an estimated term of 32–36 months:
- Q1 2026: Capital increase and final administrative steps.
- Q2 2026: Start of construction.
- Q2 2028: Completion of construction.
- Q1 2029: Handover and project liquidation.
Have questions? If you’d like to explore the project in more detail, we invite you to join the Essence project webinar, where we’ll review the transaction and answer all questions live. You can also email contacto@urbanitae.com or call (+34) 911 23 25 22.
