Urbanitae Blog | The best real estate investment news

Category: Projects

All the news about Urbanitae’s projects on the Urbanitae blog.

Invest in our Oasis project in Porto!

We present to you a new project in Porto that will open for investment on Wednesday, April 24th at 8 p.m. (UTC+2).
The Oasis project consists of developing a real estate promotion of 104 multi-family homes on the outskirts of Porto.
The asset is located in the town of Rio Tinto, belonging to the municipality of Gondomar, just a few minutes from the center of Porto. Rio Tinto has a population of 47,600 inhabitants, and it is a fully consolidated area with all kinds of services, including sports facilities, a golf course, a shopping center, and direct access to a large road network.
This time, we are placing our trust in Emanuelle Investments, a real estate company dedicated to developing new residential buildings in the northern region of Portugal.
88% of the homes reserved
The operation will be structured via a capital increase, where Urbanitae investors will make a capital contribution to the vehicle company of the operation.
This vehicle company will enter into the share capital of the promoter and holder company of the earnest money contract on the asset. The contribution from Urbanitae investors will be equivalent to €2,490,500 (plus the €10,000 contributed and held in the vehicle company).
The manager will be responsible for the comprehensive management of the promotion. Their contribution, together with that of their partners and after recovering part of the investment to date, amounts to 15% of the total investment value, aligning the interests of the promoter with those of the investors.
In this video, the promoter and our CEO, Diego Bestard, explain the details of the Oasis project.

Profitability in 32-36 months
The estimated timeframe for this project is 32-36 months. Regarding profitability, we cannot provide exact figures, but it can be easily calculated from the project URL information. As with the rest, in the favorable scenario, which is the one we base on at Urbanitae and which we contrast with third parties, profitability is calculated using the formula: (Projected income – Cost estimate) / Total equity.
In the second quarter of 2024, a capital increase and entry into the development company are expected.
In the third quarter of 2024, the start of construction work is estimated.
In the fourth quarter of 2026, the completion of construction and delivery of the homes is expected.
Finally, in the first quarter of 2027, the liquidation of the company and distribution of profits to investors are estimated.
As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.

19 April 2024
Storage units: Urbanitae’s success with Grupanxon in Madrid
Our series of success stories leads us this time to talk about a rising asset: investment in storage units. Like parking spaces, they are a guarantee of profitability and an accessible opportunity for small savers. The growing need for space, especially in large cities, increases the demand for additional storage and also the appreciation of these assets. According to Atlas Real Estate Analytics, their profitability ranges between 7% and 10%, surpassing other types of real estate.

At Urbanitae, we were pioneers in recognizing the excellent reception that this type of asset receives, and a good example of this is the success story that takes us back to May 2022, when we launched the Cuzco project: a development of 45 storage units in Madrid located on the semi-basement floor of an existing building on Infanta Mercedes Street, 29. The asset had a privileged location, just minutes from Plaza de Cuzco and the Santiago Bernabéu Stadium.

Furthermore, this investment opportunity came from one of our most trusted promoters, well-known among our investors: Grupanxon. “Cuzco” was Urbanitae’s eighth project carried out together. Most of them were closed in record time and returned to investors, improving the return on investments in all of them.

Improved timelines and IRR

As in other previous projects, the developer managed to shorten construction timelines and close the operation ahead of schedule. A total of 625 investors participated in financing the development through a fixed-rate loan for the acquisition of a parking lot where the storage units would later be located. Urbanitae investors granted a loan to the company created specifically for the project and linked to Grupanxon for an amount of 350,000 euros. The maximum ticket size in this case was 500 euros per investor.

The initial estimated profitability was 9% over a period of 12 months, resulting in an IRR of 9%. Finally, although the total return for investors remained at 9%, the timeline was shortened by four months and the IRR was improved, increasing from the initial 9% to the final 13.35%.

Keys to success
- The project is promoted by a company linked to Grupanxon, a business conglomerate with over 20 years of experience in various fields, notably real estate development, and includes its own construction company. It has developed over 600 storage units and parking spaces since 2017.
- The Cuzco Project constituted the eighth operation financed by Grupanxon on the platform. As of today, there are already 14 projects carried out jointly with Urbanitae.
- The construction permit was processed as a Responsible Declaration, so it was not necessary to wait for a favorable report from the Administration to start the works.
- Both the construction and marketing of the projects were carried out with the promoter’s own resources.
- It was a structured loan arrangement, where it was not necessary to wait for the sale of all units to receive loan returns.
- Regarding the repayment guarantees for this loan, a first-ranking mortgage promise was established in the debt contract on the property on which the storage units were developed. Likewise, a first-ranking mortgage promise was added to two other properties owned by the developer.
Crowdfunding, a successful formula for developers and investors

This new success of Urbanitae confirms the viability of crowdfunding as a successful formula and alternative to bank financing for developers like Grupanxon to carry out their projects. What are you waiting for to become part of Urbanitae’s investor network? You can contact us via email at contacto@urbanitae.com or by phone at 911 23 25 22.
18 April 2024
Invest in our second real estate project in Lisbon!

We present our first project in the city of Lisbon, which will open for investment next Friday, April 12th at 12 p.m. (UTC+2).
The Alexandre Herculano project consists of the development of a new residential promotion comprising 11 multi-family homes with 2 and 3 bedrooms and a commercial space in the center of Lisbon (Portugal).
The asset is located in the center of Lisbon, in the Santo Antonio neighborhood. It is a privileged location, just a few meters from Marquês de Pombal Square and next to Avenida Liberdade, one of the most emblematic streets in the Portuguese capital and one of the main axes of the city.
This time we will rely on Adriparte, who has great experience in the area.
The developer invests its own capital
The operation will be structured through a capital increase, where Urbanitae investors will make a capital contribution to the operation’s vehicle company.
This vehicle company will enter the share capital of the developer company, which plans to seek bank financing for the development of the project. The contribution from Urbanitae investors will amount to €4,053,000, of which €3,725,000 will be increased in the developer company. The remainder will be allocated to cover administrative and management expenses of the vehicle company, along with payment of Urbanitae’s commission.
The manager will be dedicated to the comprehensive management of the promotion and will contribute 56% of the total capital of the developer company, aligning the interests of the developer with the investors.
In this video, the developer and our CEO, Diego Bestard, explain the details of the Alexandre Herculano project.

Profitability in 30-34 months
The estimated timeframe for this project is 30-34 months. Regarding profitability, we cannot provide exact figures, but it can be easily calculated from the project URL information. As with the rest, in the favorable scenario, which is the one we base on at Urbanitae and which we contrast with third parties, profitability is calculated using the formula: (Projected income – Cost estimate) / Total equity.
In the second quarter of 2024, a capital increase and entry into the developer company are expected.
Between the second and third quarters of 2025, obtaining the license and starting the rehabilitation works is estimated.
Between the first quarter and the second quarter of 2026, the end of construction and delivery of the homes is expected.
Finally, between the second and third quarters of 2026, the liquidation of the company and distribution of profits to investors is estimated.
As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.

8 April 2024
Invest in the Vista Alegre project in Ibiza!

We present to you our first project in Ibiza, which will open for investment next Wednesday, April 10th at 4:00 PM (UTC+1).
The Vista Alegre project consists of the commercialization of a building composed of 39 one-bedroom apartments located in the exclusive Vista Alegre development (Ibiza).
The project at hand is located in the heart of the Vista Alegre development, one of the most renowned developments on the island of Ibiza, along with Roca Llisa or Can Rimbau.
On this occasion, we once again trust RTV Grupo Inmobiliario, with whom we have financed numerous projects.
The developer invests their own capital.
The operation will be structured through a capital increase, where Urbanitae investors will contribute capital to the operation’s vehicle company.
The manager will be responsible for the comprehensive management of the development and will contribute 20% of the total investment capital.
It is important to note that the project does not assume licensing risk or construction cost as the property is already built.
In this video, the developer and our CEO, Diego Bestard, explain the details of the Vista Alegre project.

Profitability in 22-26 months
The estimated duration of this project is 18-22 months. Regarding profitability, we cannot provide figures in advance, but it can be easily calculated from the project’s URL information. Just like in the rest, in the favorable scenario, which is the one we base on at Urbanitae and which we compare with third parties, profitability is calculated using the formula: (Revenue forecast – Cost estimate) / Total equity.
The signing of the operation contracts is expected in the second quarter of 2024.
The start of commercialization is estimated in the third quarter of 2024.
Between the fourth quarter of 2025 and the first quarter of 2026, the end of commercialization and the delivery of the homes are expected.
Finally, between the first and second quarter of 2026, the dissolution of the company and distribution of profits to investors are estimated.
As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.

5 April 2024
Investment opportunity in Malaga: 10.5% return!

This week we are launching a new debt project in Mallorca, which we will open for funding next Friday, March 22th at 12 p.m.
The Las Lagunas de Mijas project is located in Arrabal Parque Lagunas, on the Costa del Sol, and is one of the main destinations in the entire province of Málaga. It boasts large beaches, natural spaces, golf courses, business and industrial complexes, shops, and restaurants. It is an attractive location for both national and high-net-worth foreign visitors.
For this project, we will have Nuovit, a real estate developer and manager specializing in new-build houses and apartments for sale, both under direct promotion and cooperative schemes.
Mortgage guarantee on the property comprising the project
This operation will be structured via debt, where Urbanitae investors will enter the project by granting a loan in a single tranche with a fixed annual interest rate of 10.5%, aimed at financing part of the land acquisition price and the planning and marketing costs incurred until the obtaining of the license and refinancing of the Urbanitae loan. The loan term is 12 months, with an option to extend for 6 months in month 12.
Urbanitae investors’ exit will be: either through bank refinancing through the developer loan, or through equity from a partner (new or existing) or from Urbanitae investors themselves in a capital gain project to be published on the platform in 2025.
In this video, the developer and our CEO, Diego Bestard, explain the details of the Las Lagunas de Mijas project.

10,5% return

The project offers a 10.5% return over 12 months, with the possibility of a 6-month extension.

In the second quarter of 2024, the granting of the loan by Urbanitae investors to the developer and land acquisition is expected.

Between the second quarter of 2024 and the second quarter of 2025, planning and marketing of the project are estimated to obtain the construction license and simultaneously reach the minimum level of pre-sales for the bank’s entry via developer loan.

Finally, in the third quarter of 2025, the entry of the bank or investor partner (including the possibility of Urbanitae investors entering a value appreciation project on the platform) and refinancing of Urbanitae’s loan are expected.

As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling 911 23 25 22.

18 March 2024
We launched our first project in Portugal!

We present to you our first project in Portugal, which will be open for investment on the next Monday, March 25th, at 4 p.m.
The Paulo Duque project consists of the development of 6 multifamily homes in the west of Lisbon. The manager of this operation is Vogue Homes, a real estate developer that has been involved in more than 50 projects and has over €751 million in assets under management.
The project in question is located in the town of Cruz Quebrada, belonging to the municipality of Oeiras, Lisbon district. More specifically, it is on Paulo Duque Street, just a few minutes from Dafundo Beach and the iconic Belem Tower, and a 20-minute drive from downtown Lisbon.
Building permit granted and construction initiated
The operation will be structured through a capital increase, where Urbanitae investors will make a capital contribution to the operation’s vehicle company. It has external financing granted for the development of the work with a financial institution. The contribution corresponding to Urbanitae investors will be equivalent to €1,000,000 (plus the €10,000 that are contributed and maintained in the vehicle company).
It is important to note that the project already has a building permit and construction has begun.
The manager will fully manage the promotion, and its contribution, together with that of its partners and after recovering part of the investment made to date, amounts to 35% of the total investment value. This aligns the interests of investors and the promoter.
In this video, the promoter and our CEO, Diego Bestard, explain the details of the Paulo Duque project.

Profitability in 18-22 months
The estimated timeframe for this project is 18-22 months. Regarding profitability, we cannot provide specific figures, but it can be easily calculated from the project’s URL information. Just like in the rest, in the favorable scenario, which is the one we base on at Urbanitae and the one we compare with third parties, profitability is calculated using the formula: (Income forecast – Cost estimate) / Total equity.
In the first quarter of 2024, completion of the capital increase and entry into the development company is expected, along with ongoing construction works.
In the third quarter of 2025, the end of construction, the issuance of the occupancy license, and the delivery of the housing units are estimated.
Finally, in the first quarter of 2026, the dissolution of the company and distribution of profits to investors are expected.
As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.

15 March 2024
Effective project management in the midst of the COVID-19 pandemic

Our series of success stories takes us this time to the year when we began operating as a platform authorized by the CNMV: 2019. In October, we launched a financing project for the development of a new residential promotion in the urban center of San Sebastián de los Reyes (Madrid).

Promociones Barrio 2005 was the promoter of the project, a company specialized in small and medium-sized promotions with an exclusive product offering in the Community of Madrid. In this case, it involved the construction of ten houses, eight parking spaces, and ten storage rooms in a consolidated residential location north of the capital. A strategic enclave, where the demand for affordably priced apartments for young people is very high, as well as retail investors looking to buy and rent homes.

The operation was structured through a company established exclusively for the project. A capital increase was carried out where the promoter contributed the land and part of the capital, becoming the majority shareholder of the investment vehicle, with 58%. In this way, by investing their own capital, the interests of all parties involved in the investment are aligned. Meanwhile, 41 Urbanitae investors contributed the remaining capital needed for the project – 900,000 euros – representing 42% of the investment.

Additionally, the project had a preconceived developer loan for financing the work, once the building permit and a percentage of sales were obtained.

Change of strategy to ensure the operation

The development of this promotion was conceived during a period of great impact on the residential real estate market, such as the COVID-19 pandemic, which emerged at a time when the market cycle was in a mature phase. Therefore, the final success of the project is even more relevant.

In this sense, the promoter was forced to change its strategy due to the situation and decided to “patrimonialize” the asset: it chose to buy the shares of all Urbanitae investors with a 10% appreciation and liquidate the investment. The promotion works had already started when the pandemic broke out, so the promoter had no possibility of securing pre-sales, which was one of the requirements for financing. At that time, the solution was viable due to having a small number of investors, and it being an exceptional situation. This way, the promotion could move forward, ensuring the money of our investors.

The initial estimated profitability was 27% over a period of 22 months with a 15% IRR. Finally, although the total return for investors amounted to 10% due to the reasons mentioned above, the execution period was advanced by 10.5 months, with a 10% IRR.

2nd project with Promociones Barrio 2005

Promociones Barrio 2005 once again placed its trust in participatory financing and Urbanitae with the launch of a new project. An operation that marked a milestone in the platform’s history by exceeding, for the first time, the barrier of 100 investors in a project. In this case, it is a residential promotion of 30 new-build homes, located on Paseo de Extremadura (Madrid).

14 March 2024
New project! Achieve annual rental yields of 5.4%

We have a new rental project ready, the eighth one. This time, we have the same developer, tenant, and even the city. We’ll tell you all the details about this project, which will open for investment on Thursday, February 29, 2024, at 4:00 PM (UTC+1).

As we mentioned, the Pepco San José project follows the structure of the Pepco Delicias project. Both are located in Zaragoza, with the Pepco chain as the tenant and GPA as the manager.

Pepco is a European chain of Polish origin, listed on the stock exchange, specializing in fashion and low-cost products. It aims to make Spain its fourth market this year, with the opening of an additional 100 stores to the 200 it already has in our country. The developer, on the other hand, specializes in income-generating assets, with a track record of over 30 years.

The project at hand is located in the San José neighborhood of Zaragoza, specifically at Avenida del Tenor Fleta, 52. The property was previously a market and, with a gross leasable area of 995 square meters, it is a highly demanded asset in the city centers. It is the fifth location in Zaragoza.

5.40% annual yield for 5 years

As mentioned, the tenant for this space is Pepco, which entered the premises in June 2023 with a 15-year contract – six of which are mandatory. Since January 2024, it has been undergoing a comprehensive renovation that will conclude with the opening to the public in June 2024.

The operation will be structured via equity. Urbanitae investors will contribute a total of €1,180,000 to purchase the premises, and they will do so through a capital increase to the operation’s SPV. No bank financing will be necessary.

As is customary in our rental projects, the expected duration in this case is five years. According to the lease agreement signed by Pepco, it is estimated that the project will generate an average annual dividend of 5.40% for Urbanitae investors, distributed quarterly.

From the third year onwards, a divestment window will open if market conditions are optimal: the sale of the asset would generate an additional return on capital gains, which can be calculated using the project’s data sheet formula: (Projected Income – Estimated Costs) / Total Equity.

In this video, the developer and our CEO, Diego Bestard, explain the details of Pepco San José.

Very limited risk
The project is interesting for several reasons. It is worth noting that it protects against inflation, as from July 2026, the rent will be annually reviewed: the first review will be a 2.5% increase.
Another positive point is the tenant’s security. Pepco has signed a 15-year lease, six of which are mandatory. Additionally, the effort rate that the rent represents for Pepco is low.
Investor exit in 2029
In the investment calendar, the acquisition of the premises is scheduled for the first quarter of 2024. The payment of the first dividend to investors will be in the third quarter of 2024. From the first quarter of 2026, a divestment window opens subject to market conditions. If not by then, three years later, in the first quarter of 2029, Urbanitae investors would exit, and profits would be distributed.
If you have any doubts, you can address them in the webinar we will hold with GPA on Tuesday, February 27, at 12:00 PM (UTC+1). As always, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22. Get informed and don’t miss the opportunity to achieve annual rental yields of 5.4%.

23 February 2024
Invest in luxury at 10.5% annual interest

Today we bring you a new debt project, the second of 2024. We return to Marbella to offer you the opportunity of investing in luxury. It will be on Thursday, February 22, at 4 p.m. (UTC+1). We’ll tell you everything you need to know.

The Villa Generalife project is located in the Nueva Andalucía district, in the city of Marbella. Specifically, in the luxury residential area of Las Brisas Golf, an exclusive enclave next to the Real Club de Golf Las Brisas.

What we are going to do at Urbanitae is provide financing to acquire, renovate, and sell a luxury villa in this location. After the renovation, the house will have six bedrooms and eight bathrooms. On the rooftop, a space will be set up to include an outdoor cinema, a bar, mini-golf, jacuzzi, fireplace, and a yoga area. In the villa’s basement, among other amenities, there will be an indoor spa with a pool and sauna, a wine cellar, cinema, and gym. And outside, there will be another pool, a kitchen with a pizza oven and barbecue, jacuzzi…

The promoter is SB Property Group, repeating on the platform. Last December, they financed two projects with similar characteristics, Villa Julia and Villa Olivia, located in Estepona and Marbella, respectively. Both were financed in a few minutes, with the participation of over 1,000 investors each.

10.5% annual interest in 12 months

The Villa Generalife project is a debt project. Urbanitae investors’ loan will finance part of the villa’s acquisition, 100% of the renovation cost, and the associated project costs: architects, insurance, design, etc. The promoter will contribute with its own funds the remaining capital to complete the asset’s purchase price.

In more detail, Urbanitae investors will enter the project through the granting of a loan divided into three tranches. Tranche A, the subject of the project, has an amount of 2,440,000 euros and a fixed annual interest rate of 10.5%. The loan term is 12 months, with the possibility of extending it for an additional six months as long as the progress of the work is at least 90%. The total loan amount will be 4,080,000 euros.

The promoter can repay the loan in advance at any time. However, investors are guaranteed a minimum return equivalent to 12 months of interest in Tranche A. The exit of Urbanitae investors will be through the sale of the property.

One of the project’s advantages is that, being a renovation, it is not necessary to apply for a construction license, only a responsible declaration is required. That is, as soon as financing is obtained, construction can begin, which speeds up the timelines.

Regarding the loan guarantees, the contract establishes a first-ranking mortgage on the asset, in addition to the pledge of the shares and accounts of the SPV owning the asset. The loan-to-value is less than 52%.

In this video, the promoter and our CEO explain the details of the Villa Generalife project.

Investing in luxury with a 12-month return

The estimated term of this project is 12 months. Thus, the loan will be granted in March 2024; in March 2025, the works should be completed, and in the third or fourth quarter of 2025, the villa will be sold, and the loan granted by Urbanitae investors will be repaid.

If you have any doubts, next Tuesday, February 20, we will hold a webinar to answer all questions. Also, as always, you can contact us at contacto@urbanitae.com or by calling 911 23 25 22. Don’t miss this opportunity to invest in luxury at 10.5% annual interest.

16 February 2024
Doce de Octubre: 15% return on a commercial property
Commercial properties are becoming increasingly attractive in the real estate market. The growing number of vacant commercial spaces, coupled with the shortage of housing supply in certain urban areas, turns the refurbishment of commercial properties into a great opportunity for both developers and investors.

Today, in our success stories series, we want to highlight precisely a financing operation for the conversion of a commercial space into residential use. This is the Doce de Octubre project, launched in May 2021 and located in the Niño Jesús neighborhood of Madrid, on Doce de Octubre Street, 26. A privileged enclave, very close to Retiro Park and the Salamanca neighborhood.

This project, promoted by Chapnik & Giesen, involved the acquisition of a commercial space of 206 square meters (a former bank office) for subsequent renovation and transformation into four residences (two studios and two one-bedroom apartments). The four units, located on the ground floor, have independent entrances.

The Doce de Octubre project was based on a capital gains strategy. Urbanitae investors partnered with the developer through a special purpose vehicle to develop the project through a capital increase. This increase allowed for the acquisition of the land and its subsequent renovation without the need for bank financing.

Improved returns and IRR

The investment, totaling €732,000, was raised through the participation of 218 Urbanitae investors who took part in this operation. The initial estimated return was 10% over a period of 9 months with an IRR of 14%. Finally, even though the timeline was extended by three more months, the total return for investors increased significantly to 15.2%. The IRR increased by almost two percentage points, reaching 15.9%, surpassing all initial forecasts.

Key success factors
- The developer, in addition to handling the comprehensive management of the project, renovation, and marketing, invested his own capital: approximately 20% of the total investment (€169,000).
- The project is located in the Retiro district, next to the Salamanca neighborhood. A unique and established location, surrounded by services such as schools, hospitals, shopping centers, and supermarkets. With over 118,000 inhabitants, Retiro ranks fifth in the price of second-hand housing among the 21 districts that make up the city of Madrid.
- The developer processed both the construction license and the change of use license through a responsible declaration (in collaboration with an Urban Collaborating Entity approved by the City Council), so it was not necessary to process a file with the municipal administration to start the works.
Despite facing a slight delay in timelines and an additional cost in construction execution – coinciding with one of the periods of the highest surge in construction material prices – the project was a success. Sales projections were comfortably exceeded, compensating for the delay and additional cost.

The Doce de Octubre project is not just a successful case of return on a commercial property. It is another example of how crowdfunding can open up interesting liquidity avenues for all types of real estate transactions and, at the same time, bring investors truly interesting and distinctive opportunities.
12 February 2024
Invest in Marbella with a 21% return

We kick off February with a new debt project. In this case, we offer you the opportunity to invest in Marbella with a total return of 21%. It will be next Friday, February 9th, at 12 p.m. (UTC+1).
We travel to the district of Nueva Andalucía, in the city of Marbella. The Villa Alcalá project involves granting a loan to finance the development of a luxury villa located in the exclusive residential community of La Cerquilla, adjacent to the Las Brisas golf course. The villa in question will have five bedrooms and five bathrooms, a garage with space for four vehicles, an entertainment room, a gym and cellar space, and a private pool, among other amenities.
The developer returns with Urbanitae: Cogitari Homes financed the Gate 3 project on our platform last December, another luxury residential development. The developer specializes in this segment and has more than 30 years of international experience in the industry.
21% return and ongoing construction
The Villa Alcalá project is a debt project. Urbanitae investors will provide a loan to the developer, intended to pay off the principal of the existing mortgage on the land where the asset will be developed and to complete the construction.
It should be clarified that the developer, Cogitari Homes, owns the land: it was acquired with its own funds and alternative financing. The project already has a building permit, and in fact, work has already begun.
The participation of Urbanitae investors will be materialized in a loan divided into three tranches. Tranche A, with a term of 24 months, will be for an amount of €2,175,000 at an annual fixed rate of 10.5%, with the stated purpose of removing the charge and continuing the construction. The exit of Urbanitae investors will be through the sale of the house.
The total amount of the loan is 4,900,000 euros, and, as mentioned, it will be structured in three tranches. The Villa Alcalá project is limited to the described Tranche A. Total early repayment will be allowed at any time, subject to a guaranteed minimum return for Tranche A equivalent to 24 months of interest. An additional extension of 6 months to month 24 is allowed, subject to a 100% progress of the construction.
First mortgage guarantee
Another strong point of the project is its level of guarantees. The debt contract establishes a first-ranking real mortgage guarantee on the three registry properties that make up the project – as always, through a collateral agent. Investors entering subsequent tranches will subrogate to this same mortgage.
In addition, the first-ranking pledge on the shares of the SPV and the first-ranking pledge on the bank accounts of said SPV are established as guarantees.
In this video, the developer and our CEO explain the details of the Villa Alcalá project.

Investing in Marbella with returns in 24 months
The estimated term of this project is 24 months. Thus, it is expected that in the first quarter of this year, the loan will be granted, and construction will continue, concluding in the third or fourth quarter of 2025. The sale of the villa and the repayment of the loan to Urbanitae investors is scheduled for the first quarter of 2026.
If you have any questions, next Wednesday, February 7th, we will hold a webinar with the developer, who will answer all questions raised. Also, as always, you can contact us at contacto@urbanitae.com or by calling 911 23 25 22. Don’t miss this opportunity to invest in Marbella with a 21% return.

5 February 2024
Invest in Madrid’s Golden Mile from 500 euros

We’re excited to announce a new rental project ready for investment. This time, we’re heading to one of Madrid’s most exclusive areas. The project will open for funding on Tuesday, February 6th, at 4 p.m. Would you like to invest in Madrid’s Golden Mile? We’ve got all the details for you below.
The Local Prime project involves the acquisition of a commercial space in Madrid, rented to a luxury brand. The location is at the corner of Lagasca and José Ortega y Gasset streets, right in the heart of the Salamanca neighborhood. This area is considered the most exclusive in all of Spain in terms of commerce. It’s one of the streets with the lowest yields in transactions, meaning it’s one of the least risky locations in Spain.
The project is led by Falcons Real Estate, a family-owned real estate investment company providing advisory solutions, investment structuring, and real estate asset management. With an experienced team in investment banking and strategic consulting, Falcons Real Estate has over 25 years of experience in the sector.
5% profitability over five years
The Local Prime project follows an income strategy. Urbanitae investors will partner with Falcons Real Estate to purchase the property leased to a luxury brand and cover the associated investment expenses. The purchase price of the property is 5.3 million euros.
Of the total purchase price, Urbanitae investors will contribute 2.373 million euros, which constitutes the Local Prime project ticket. The contribution will be, as always, through a capital increase to the operation’s SPV: there will be no need for bank financing.
The tenant of the property recently signed a 15-year lease contract, with a mandatory compliance period of 10 years. Additionally, the French company plans to renovate the premises with an investment of between 10 and 20 million euros.
According to the lease agreement, which is indexed to the CPI, the project is expected to generate an average annual dividend of 5%, which will be distributed quarterly among investors based on their participation. Once the project’s 5-year term has elapsed, the property will be sold, yielding additional profitability through capital gains.
In this video, Luis Butragueño, partner at Falcons Real Estate, and Diego Bestard, CEO of Urbanitae, explain the key aspects of the Local Prime project.

In any case, our Investor Relations team is always available to answer any questions about the project. You can contact them at contacto@urbanitae.com or by phone at 911 23 25 22. Don’t miss the opportunity to invest in Madrid’s Golden Mile!

31 January 2024
Invest in coastal property in Alicante

We present a new investment opportunity on Urbanitae. Our upcoming project will allow you to invest in coastal property in Alicante, as always, starting from only 500 euros. It will take place on Wednesday, January 31, at 4 p.m. Interested?
The Allonbay Azure project involves the development of a new housing development on the Costa Blanca. Specifically, the project includes the construction of 42 one, two, and three-bedroom homes, all with parking spaces and storage rooms, in the northern part of Villajoyosa, in a area called Allonbay, about 100 meters from El Torres Beach.
The development will also feature a communal pool, children’s play area, equipped gym, sauna, jacuzzi, and landscaped common areas. Allonbay Azure is part of the Allonbay Village residential complex, which is the first project certified under the BREEAM Urbanism scheme in Spain for its sustainability.
Urbanitae already financed another residential project in the area, the Allonbay Aura project, last November. Therefore, we are repeating with the same developer. Quadratia is a company founded in 2005, but with a management team that has over 50 years of experience and has developed more than 7,500 homes. This developer is responsible for all residential promotions of Allonbay to date, totaling about 225 homes built and delivered.
License and 40% reservations
The Allonbay Azure project has a capital gains strategy, meaning that Urbanitae investors will become partners with the developer for the development of the project. The project will have a total equity of 4,500,000 euros; Urbanitae investors will contribute 3,600,000 euros, while the developer will contribute the remaining 20%.
Quadratia has an exclusive purchase option for the acquisition of the land on which the development will take place, which is free of charges. The project also has a building permit since July 2023.
The funding raised by Urbanitae will be used to acquire the land and support the startup costs of the project until the grant of the developer loan, currently under negotiation.
Regarding the project’s commercialization, Allonbay Azure already has cash reservations for 17 of the 42 homes that make up the development, which is 40%. The formalization of purchase contracts will take place after the grant of the developer loan and in parallel with the start of construction work.
In this video, Sandra Bertomeu, Director of the International Area at Quadratia, and Diego Bestard, CEO of Urbanitae, explain the key points of the project.

Profitability in 26-30 months

As in any equity project, crowdfunding platform regulations do not allow us to publish the estimated profitability figure. However, you can calculate it based on the information available on the project’s profile.

The expected timeline for the Allonbay Azure project is 26 to 30 months. Capital application and land acquisition will be achieved in the first quarter of this year, and construction will begin in the second. It is expected that the construction will be completed between the fourth quarter of 2025 and the first quarter of 2026, with the delivery of homes. The settlement of the company and profit distribution will occur in the first or second quarter of 2026.

Now you know, if you want to invest in coastal property, this project is a good opportunity. If you have any doubts, you can ask the developer directly in the webinar that we will hold with them on January 29 at 12 p.m. As always, our Investor Relations team will be happy to assist you at contacto@urbanitae.com or by phone at 911 23 25 22.

25 January 2024
Invest in new construction in Gran Canaria with granted license

New project on Urbanitae! Today, we offer you the opportunity to invest in new construction in Gran Canaria, in a project with a very limited level of risk. It will be next Thursday, January 25th, at 4 p.m. We will tell you all the details.

The Brassie Villas project involves the development of 50 villas with a private pool and garden, as well as a parking space and storage room, in Telde, Gran Canaria. The houses have an average area of 140 square meters, and the entire development has sea views. The plot where the project will be developed is located on the east side of the island of Gran Canaria, on the outskirts of Telde, less than 2 kilometers from the nearest beach. It is well connected to the airport and less than 20 km from the center of Las Palmas.

Brassie Villas is the promoter of this investment opportunity. The company has a very good reputation on the island and has more than eight years of experience in the sector. It specializes in luxury real estate, with over 6,000 square meters already developed.

Owned land

In this project, Urbanitae investors will enter the capital of the land-holding company where the development is taking place: we will hold 50% of the ownership; the promoter already owns the other 50%. The Brassie Villas project has a profit-sharing structure. The contributions of Urbanitae investors will be delivered to the promoter via a capital increase to a vehicle company, which will then enter the capital of the project-promoting company. The total ticket amounts to €2,760,000, including €5,000 that will be held in the company to cover administrative and management expenses.

The promoter, along with accompanying investors, will contribute around 41% of the total investment value.

Valid building permit

One of the strengths of the project is that it already has a valid building permit, and the contract with the construction company – Sinergia Building – is closed. This will allow construction to start as soon as bank financing is activated. At this point, there is also good news: the developer loan is agreed with a financial institution and is expected to be formalized simultaneously with the entry of investors.

58% reserved

Commercially, the project has 29 sold houses – equivalent to 58% of the units – of which 24 sales contracts have been signed since July 2023, and five are pending signature.

In this video, Francisco Juárez, managing partner of Brassie Villas, and Diego Bestard, CEO of Urbanitae, explain the project’s key points.

Return in 28-32 months

The estimated duration of this project is around two and a half years. According to the business plan, the capital increase and contribution to the project-promoting company will be completed in the first quarter of 2024. The construction will also start in the first quarter. The end of construction will arrive in the first three months of 2026. Finally, between April and June 2026, the company will be liquidated, and profits will be distributed among the investors.

If you have any doubts about the project, you can raise them in the webinar we will hold with the promoter next Tuesday, January 23rd, at 12 p.m. As always, you can contact us at contacto@urbanitae.com and by phone at 911 23 25 22. Don’t miss the opportunity to invest in new construction in Gran Canaria!

19 January 2024
Invest in Zaragoza with a 5.4% annual dividend

We have a new project on Urbanitae! We are returning to the rental strategy, and this time, we invite you to invest in Zaragoza with an average annual dividend of 5.4%. It will be on Monday, January 22nd at 4 p.m. Do you want to know more details?
The Pepco Delicias project involves the acquisition of a commercial space leased to Pepco, the low-cost fashion, home, and leisure store chain. The mentioned space is located in Zaragoza, in the central Delicias neighborhood. The asset consists of three land registries on the ground floor of a residential building. The gross leasable area (GLA) exceeds 1,200 square meters, and it is all at street level.
GPA (Grupo Patrimonial Actur) is the promoter of this project. It is new to the platform, but the company has more than 30 years of experience in managing and investing in rental real estate assets. Currently, it manages the assets of several family offices and focuses on finding top-level tenants with long-term contracts in established locations, just like the Pepco Delicias project.
As for Pepco, it is a chain of Polish origin that sells low-cost clothing and home products and already has more than 3,000 stores in 17 European countries. In Spain, Pepco already has 160 establishments, which will be 200 by the end of the year if the company’s forecasts are met.
Annual return of 5.40% for 5 years
The tenant of the space is Pepco Group since June 2023, with a 15-year lease contract, six of which are mandatory. Pepco took possession of the space in November 2023; it is currently undergoing a comprehensive renovation that will be completed in May 2024, the scheduled opening date to the public.
Like any rental project, Pepco Delicias is structured as equity. Urbanitae investors, along with additional private investors, will make a capital increase in the operation’s vehicle company. This company does not plan to seek bank financing to purchase the space. For Urbanitae investors, the ticket amounts to 1,450,000 euros.
The project has a duration of 5 years. According to the lease contract signed by Pepco, we estimate that the project will generate an average annual dividend of 5.40% for Urbanitae investors, distributed quarterly. In addition, a sales option contract has been signed with GPA, which will come into effect from the 2nd year after the asset’s purchase. Naturally, the sale of the asset will generate additional profitability from capital gains, which you can calculate for each of the scenarios detailed in the project sheet.
In this video, Javier Palacio, founding partner of GPA, and Diego Bestard, CEO of Urbanitae, explain the details of the Pepco Delicias project.

However, if you have any questions about the project, you can ask them in the webinar we will hold with the promoter next Friday, January 18, at 12 p.m. And, as always, you can write to us at contacto@urbanitae.com or call us at 911 23 25 22. Invest with us and achieve an annual dividend with low risk!

17 January 2024
Real estate crowdfunding success in small towns
We kick off our series of success stories in 2024 with the Moraleja de Enmedio project (Madrid). This new residential asset is located in the center of this municipality, home to over 5,000 inhabitants, situated in the southwest of the Madrid Community. Moraleja de Enmedio has access to the capital through the A-5 and R-5 roads, and it offers numerous bus lines with direct connections to Móstoles, Leganés, Fuenlabrada, or the Príncipe Pío station in the capital.

In this case, the developer is Ilex Building Management, a company with over 30 years of experience in the real estate development sector within the Madrid Community.

The operation was launched in December 2021 and involved the development of four single-family homes, each with four bedrooms, with a built area of 134 m2 distributed on a single floor on a 450 m2 plot. The average cost per house ranged from 418,000 to 430,000 euros. This development was Phase II of another residential project by Ilex Building Management in the same municipality, which had seen notable commercial success.

Improved IRR and anticipation of the expected term

The project was structured through a fixed-rate loan for the acquisition of part of the land and the construction of the four homes. The €1,000,000 ticket was covered by a total of 900 investors. Anticipating high demand and to accommodate as many interested parties as possible, the funding process was managed through the prefunding system.

The initial estimated profitability was 15% over 18 months with a 10% IRR. Ultimately, although the total return for investors was finalized at 10.22%, the execution period was advanced by six months, improving the IRR from 10% to 10.13%.

Key success factors

Here are some of the factors that contributed to the success of this operation:
- Ilex Building Management has been involved in the promotion and construction of over 1,400 multi-family and single-family homes in the Madrid area.
- The developer had signed an exclusive earnest money contract with the owner of the four properties, and the building permit had already been requested.
- Loan repayment did not require the sale of all the homes.
- The project had a prior market study to determine if the sale prices were reasonable.
- Additionally, the promotion had one formalized reservation and three additional reservations in the process of formalization.
- The development is located in a high-demand area, an attractive location right in the center of the municipality.
In conclusion, another example of the seriousness and professionalism of the projects we launch from Urbanitae and the strength of our developers. If you also want to be part of Urbanitae’s network of investors and benefit from the profitability of prominent real estate operations, you just need to register for free on our website and check the projects we have in progress. For any questions, you can contact us via email at contacto@urbanitae.com or by phone at 911 23 25 22.
8 January 2024
Invest in Málaga with a 20% return

We don’t want to bid farewell to the year without offering you new investment opportunities. In this case, we’re talking about a luxury real estate project in Benahavís, between Marbella and Ronda. If you want to invest in Malaga with a 20% return, this is your project.
This time we travel to Benahavís, one of Malaga’s main destinations, 7 km from the coast. The Gate 3 project involves granting a loan to finance the development of three luxury villas. Each home has three floors and five bedrooms, along with three bathrooms and a guest toilet, an entertainment room with a bar and TV area, a private gym, and even a wine cellar. And outdoors, a private pool, solarium, and a space for barbecues…
The developer is Cogitari Homes, a group specializing in the construction and development of luxury villas for sale and high-end apartments for rent.
10% annually and building permit
The developer owns the land, free of charges, and has had a building permit since December 2022. In fact, construction began in September 2023 and has progressed by 15%.
The Gate 3 project operates on a debt strategy. Urbanitae investors will enter the project via a fixed annual 10% interest loan, intended to cover all costs associated with developing the villas until their sale. Urbanitae investors’ exit will occur through the sale of the units that make up the development.
The total loan amount is €6,450,000. Urbanitae investors’ contribution amounts to €5,000,000, broken down into two tranches. The first tranche amounts to €2,815,000, which is the Gate 3 project’s target. The second tranche will be €2,185,000; both will finance the works and cover certain soft costs. The remaining €1,450,000 will be contributed by institutional investors, adhering to existing debt, either in the second tranche or a third tranche.
First-rank mortgage guarantee
Part of the first tranche as well as tranches two and three will be disbursed by the developer through monthly work certificates.
The loan term is 24 months. However, full early repayment of the loan will be allowed at any time, subject to a guaranteed minimum return equivalent to 18 months of interest. An additional 6-month extension to month 24 is also permitted, subject to 100% progress on the construction.
Moreover, the operation has a high level of guarantees. The debt contract establishes a first-rank real mortgage guarantee on the three registered properties that make up the project, through a collateral agent. Investors entering the subsequent tranches will be subrogated to this same mortgage. It also establishes a first-rank pledge on the SPV’s shares and on the SPV’s bank accounts.
In this video, Cogitari’s CFO, Rafael Vázquez, and our CEO, Diego Bestard, explain the details of the Gate 3 project.

Estimated 24-month profitability
The estimated term of this project is 24 months. In the fourth quarter of this year, the granting of the Urbanitae loan to the developer is expected, along with the continuation of construction. These will conclude in the second quarter of 2025, where the first occupancy licenses are also anticipated. By the fourth quarter of 2025, the sale of the villas will be completed, and the repayment of the loan granted by Urbanitae investors will be finalized.
If you have any doubts about the project, you can review the webinar we held on Friday, December 15th. Furthermore, our official Telegram channel is available, and as always, you can reach out to us with any queries at contacto@urbanitae.com or by phone at 911 23 25 22. Don’t miss the opportunity to invest in Malaga with a 20% return!

14 December 2023
New investment opportunity in Cádiz

This week, we present a new investment opportunity in Cádiz. It will open for funding on Thursday, December 14th at 4:00 PM.
The Alcaidesa Homes project involves the development of a new residential promotion comprising 87 homes.
Situated in La Alcaidesa, a development belonging to the municipality of San Roque east of the province of Cádiz, below Sotogrande.
Caralca, a company with over 50 years of experience in the sector, will promote the Alcaidesa Homes project.
The promoter invests its own capital
With this project, a capital gains strategy will be implemented, involving an alliance with the promoter for the development of a promotion located in La Alcaidesa (Cádiz). Urbanitae investors’ contributions will be delivered to the promoter through a capital increase to the vehicle company that will gather all Urbanitae investors’ contributions in the project. Subsequently, this company will increase capital and formalize a share purchase agreement of the promoter company’s shares.
The promotion involves the acquisition of seven partially constructed blocks from the previous economic cycle. The progress of the work is approximately 30%.
Caralca owns the asset on which the promotion will be developed, to be contributed to the promoter company of the project. The property has a mortgage load from a bank loan that financed part of the acquisition cost. This mortgage load will not be canceled with the entry of capital from Urbanitae investors and the promoter. It will remain in effect until the project is completed, either because the promoter loan is granted by the same bank or replaced by a new bank loan.
The project has a granted construction license for 3 of the 7 mansions in the promotion. Licensing for the remaining homes is expected between the first and second semesters of 2024.
Urbanitae investors’ contributions will be used to support the acquisition costs of the asset and the project’s initial stages until external financing is granted. The manager is currently negotiating with various banks for the formalization of the promoter’s mortgage loan to finance the construction.

Return in 28-32 months
The project is estimated to last between 28 and 32 months. Capital increase and land acquisition are expected between the fourth quarter of 2023 and the first quarter of 2024. Construction work is estimated to begin between the first and second quarters of 2024. Completion of construction, occupancy license, and home delivery are expected between the first and second quarters of 2026. Finally, the company’s dissolution and profit distribution to investors are estimated between the second and third quarters of 2026.
As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

7 December 2023
Hortaleza: Urbanitae’s first success story
Since Urbanitae began operating in June 2019 as a crowdfunding platform authorized by the CNMV, many projects have been successfully financed. However, undoubtedly, one of them holds special significance for us: Hortaleza, the first operation we launched immediately after receiving authorization. It involved the development of a new residential project in this Madrid district.

The project’s developer, Home First, is a company comprised of real estate professionals with nearly 20 years of experience, specializing in small and medium-sized developments with an exclusive product offering.

The project entailed the construction of 7 homes and parking spaces in the Canillas neighborhood, northwest of the capital, with convenient access to the M-30 and M-40 highways. The work included the demolition of an existing building to make way for the new homes and garages.

Significantly improved IRR by 17 points

A total of 53 investors ultimately participated in financing this first Urbanitae project openly, with a contribution of €615,000. The financing was based on a capital gains strategy, and investors became shareholders in proportion to their contribution to the project. The capital and interest were repaid in March 2021, 21 months later.

The initial estimated return was 35% over 23 months with an IRR of 18%. Ultimately, though the total return for investors was 24.9%, the timeline was shortened by two months, and the IRR was significantly improved, going from the initial 18% to the final 35%. This significant increase in the IRR was due to an early capital return (where most of the profitability was returned to investors), followed by a surplus payment at the 21-month mark.

The success of this development was marked by various factors:
- The project was promoted by Home First Real Estate, a developer led and conceived by investment and real estate promotion specialists with a long track record.
- Home First managed the entire development and contributed 50% of the necessary capital for its realization. The remaining 50% was invested through Urbanitae.
- The residential development is located in the northwest area of the capital, where there is high demand for flats, especially among the younger population, and where housing prices are more moderate than in the city center. It is also an area of interest for retail investors looking for residential properties to buy and rent.
Home First’s commitment to crowdfunding

Following the positive reception of this development, Home First once again placed its trust in Urbanitae and collaborative investment, with a new project just two years later: a loan for the development of a residential project – 9 homes, 6 parking spaces, and 9 storage units – in La Latina, in the Lucero neighborhood, just minutes from Madrid’s Casa de Campo.

This new success for Urbanitae once again confirms that crowdfunding is a reliable financing formula as an alternative to bank financing, and it is also a great opportunity for any investor to participate in significant projects and benefit from high returns. If you want to become part of Urbanitae’s investor network, you can register and explore all our projects here. If you have any questions, you can contact us at contacto@urbanitae.com or by phone at 911 23 25 22.
6 December 2023
Invest in Estepona with an 11% return

This week, we offer you the opportunity to invest in Estepona with an 11% return. Financing will open next Thursday, December 7th at 4:00 PM.
The Villa Julia project involves granting a loan for the development of a luxury villa in Estepona. The loan will finance: 100% of the principal of a mortgage encumbering the asset, the completion of the construction works of the villa, and a tranche to recapitalize part of the promoter’s invested equity.
Villa Julia is surrounded by the Paraíso golf club. This location is situated between the city of Estepona and Puerto Banús, both just a few minutes away by car.
For this project, like in the Villa Olivia project, we will have the SB Property Group as the promoter.
11% return and granted building permit
With this project, it will be structured as debt, where Urbanitae Investors will grant a fixed-rate loan to the owning company of the asset.
The project has a granted building permit in 2022, and construction started in Q3 2022. Currently, it is around 80% completed.
Urbanitae investors will enter the project through an annual fixed-rate loan of 11%, with the aim of repaying the principal of a mortgage encumbering the asset, continuing the construction of the villa, and recapitalizing part of the capital contributed by the promoter. Urbanitae investors’ exit will be through the sale of the property.
Regarding the loan repayment guarantees, a first-ranking mortgage guarantee is established on the asset, a first-ranking pledge on the SPV’s shares, a first-ranking pledge on the SPV’s bank accounts, an irrevocable power of sale in favor of the lender, a pledge on the net profit of a project under development in Marbella by the promoter, with an expected delivery date throughout 2024.

Return in 12 months
The project has an 11% return in 12 months. In the fourth quarter of 2023, Urbanitae investors grant the loan to the promoter and refinance the debt, as well as recapitalize part of the manager’s capital. In the second quarter of 2024, the completion of the villa’s construction. Finally, in the fourth quarter of 2024, the sale of the villa and repayment of the loan granted by Urbanitae investors.
As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

4 December 2023
New project in Marbella with an 11% return on investment

This week, we present a new capital appreciation project in Marbella with an 11% return on investment. Financing will open next Tuesday, December 5th, at 4:00 pm.

The Villa Olivia project involves granting a loan to finance the development of a luxury villa in Marbella. The loan will cover: 100% of the principal of a mortgage that encumbers the asset, the continuation of the villa’s construction, and a small recapitalization to the promoter of the invested capital.

Villa Olivia is located in Nueva Andalucía, Marbella, within the prestigious La Cerquilla neighborhood.

For this project, we are partnering with SB Property Group, a real estate group specialized in building exclusive homes in Marbella.

11% return and granted building license

This project will be structured as debt, where Urbanitae investors will provide a fixed-rate loan to the entity owning the asset.

The project has been granted building licenses in 2022, and construction began in Q4 2022. Currently, it is 75% complete.

SB Property Group owns the land, with a first-ranking secured debt on it. This loan has allowed the promoter to cover the initial costs of starting the construction.

Urbanitae investors will enter the project through an annual fixed-rate loan of 11%, aiming to repay the principal of a mortgage encumbering the asset, continue the villa’s construction, and recapitalize part of the promoter’s contributed capital. Urbanitae investors’ exit will be through the sale of the property.

Regarding loan repayment guarantees, there is a first-ranking mortgage on the asset, a first-ranking pledge on the SPV’s shares, a first-ranking pledge on the SPV’s bank accounts, an irrevocable power of sale in favor of the lender, and finally, a pledge on the net profit of a development project in Estepona by the promoter, with an expected delivery date in 2024.

In this video, Francisco Conde, Director of Real Estate at Urbanitae, and Diego Bestard, CEO of Urbanitae, explain the project’s key points.

Return in 12 months

The project offers an 11% return over 12 months. In the fourth quarter of 2023, the loan is expected to be granted by Urbanitae investors to the promoter, along with debt refinancing and recapitalization of part of the manager’s capital. The completion of the villa’s construction is estimated in the second quarter of 2024. Finally, in the fourth quarter of 2024, the sale of the villa and repayment of the loan granted by Urbanitae investors is anticipated.

As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

30 November 2023