Real estate crowdfunding.
The investment boom is partly due to the price escalation in traditional markets like Madrid and Barcelona, and the growing interest in emerging segments such as flex living.
We are once again partnering with Urbanismo y Gestión to develop a VPPL project, this time with 248 units in Navalcarnero. A 12-month loan at 11.5% annual return.
The Balcón del Sur project involves granting a 12-month bridge loan to finance land for the development of 144 VPPL (protected housing) under a cooperative scheme.
We are partnering with an experienced operator to buy a block of offices near Paris, 90% leased, to complete the leasing and sell it optimized.
In our sixth project with RTV Grupo Inmobiliario, we are financing the development of 68 homes in Cornellá, with 60% of reservations already made and the building permit expected this month.
We are investing again with Grupo Abauco to develop a project of 22-24 homes on López de Hoyos street in Madrid, with a preferred return for investors of 15% IRR.
We are financing the development of 22 luxury homes in the Lisbon district, with construction 45% complete and a preferred IRR of 15% for Urbanitae investors.
Worldwide, this sector reached an accumulated funding of 52.7 billion euros in 2023. In the case of the European Union, the figure exceeds 12.4 billion.
We have financed six projects in September, along with the closure of Torre Zenit, totaling nearly 45 million euros. We also returned three projects in the same month.
After the success of the first season in Madrid and Bilbao, with over 200,000 spectators in total, the Phantom returns on September 27th to the Teatro Albéniz, with Urbanitae as the main sponsor.
