Balcón del Sur closes within the expected timeframe following the granting of the licence and the securing of bank financing, with full repayment of capital and interest.
Allonbay Aura was exited with a 60.1% gross return and a 21.2% IRR, far above the initial scenario, thanks to stronger sales, cost control and tax efficiency.
Torrinha Gardens II finances the second tranche of a development comprising 27 tourist apartments and a retail unit in Porto, with construction underway, permits granted and repayment expected through bank financing.
Lavapiés 50 offers the opportunity to invest in an almost fully renovated building in central Madrid, featuring 19 apartments, a retail unit, the Reside Plan and a preferred return for Urbanitae investors.
Francos II completes the equity ticket for a newly built office project in Boavista, with architectural approval granted and a 15% preferred IRR for Urbanitae investors.
The Vivaldi Project finances the final phase of a luxury villa in Sierra Blanca, with construction progress above 65%, first-ranking mortgage security and an LTV below 44%.