{"id":53439,"date":"2024-12-05T19:29:29","date_gmt":"2024-12-05T18:29:29","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=53439"},"modified":"2024-12-05T19:30:59","modified_gmt":"2024-12-05T18:30:59","slug":"new-project-invest-in-storage-units-with-a-10-annual-return","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2024\/12\/05\/new-project-invest-in-storage-units-with-a-10-annual-return\/","title":{"rendered":"New project! Invest in storage units with a 10% annual return"},"content":{"rendered":"\n

We\u2019re excited to present a new investment opportunity with a developer well-known to our investors. Grupanxon is once again partnering with us to develop a storage unit project in Madrid. The project will open for investment next Tuesday, December 10th, at 12:00 PM (UTC+1).<\/strong> Want to invest in storage units with a 10% annual return? Here are the details.<\/p>\n\n\n\n

The Palos de la Frontera<\/a> project involves granting a loan for the acquisition and transformation of a commercial property into 57 storage units for end clients in Madrid. The development is located about 300 meters from Atocha Station and a 10-minute walk from Delicias Metro Station.<\/p>\n\n\n\n

The developer, Grupanxon, is no stranger to Urbanitae. Palos de la Frontera marks their 16th project on our platform. With 12 completed projects already repaid to investors, their track record shows an average IRR exceeding 15%<\/strong> with a project duration slightly over 10 months. Grupanxon has over 20 years of experience and specializes in parking spaces, storage units<\/a>, and residential properties.<\/p>\n\n\n\n

15% total return<\/h2>\n\n\n\n

Palos de la Frontera<\/a> is a debt project, providing financing to the developer for the acquisition and conversion of the asset into 57 storage units. The developer has signed an earnest money agreement with the current owners for the property purchase. Given the nature of the project, the construction license is being processed through a responsible declaration. Grupanxon has already conducted a technical study and confirmed the project\u2019s viability.<\/p>\n\n\n\n

Urbanitae investors will provide a loan of \u20ac550,000 at a fixed annual interest rate of 10% over 18 months.<\/strong> Interest will be paid upon maturity, with investors guaranteed minimum interest for the full 18 months, resulting in a total return of 15%.<\/strong><\/p>\n\n\n\n

Due to high demand for these projects, investment participation will be capped at \u20ac500 per investor.<\/strong><\/p>\n\n\n\n

44% of units reserved<\/h2>\n\n\n\n

The target clients for these storage units are neighborhood residents seeking additional space to store belongings. Sales are progressing well, with 25 out of 57 units already pre-reserved.<\/p>\n\n\n\n

In this video, the developer and our Real Estate Director, Sergio Arana, share the key highlights of the Palos de la Frontera<\/a> project.<\/p>\n\n\n\n

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