{"id":53535,"date":"2024-12-05T12:27:56","date_gmt":"2024-12-05T11:27:56","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=53535"},"modified":"2024-12-05T12:34:49","modified_gmt":"2024-12-05T11:34:49","slug":"new-project-with-mia-domo-in-barcelona","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2024\/12\/05\/new-project-with-mia-domo-in-barcelona\/","title":{"rendered":"New project with Mia Domo in Barcelona!"},"content":{"rendered":"\n

We\u2019re excited to present a new investment opportunity in a residential new-build project. This time, it\u2019s another collaboration with Mia Domo, a developer we\u2019ve partnered with three times before. You can invest in this project starting Tuesday, December 10, at 4:00 PM (UTC+1), with a maximum investment of \u20ac10,000.<\/strong> Here\u2019s everything you need to know.<\/p>\n\n\n\n

The Mia Nova<\/a> project<\/strong> involves the development of a new-build complex of 31 residential units in Vilanova i la Geltr\u00fa, Barcelona<\/a>.<\/strong> The properties come with options for garages and storage rooms, and the community features shared amenities, including a swimming pool and landscaped areas. The project is located in Vilanova’s prime residential area, home to the city\u2019s latest new-build developments.<\/p>\n\n\n\n

Vilanova i la Geltr\u00fa is a coastal city that offers a wide range of services, excellent connectivity to Barcelona, and a pleasant environment. It\u2019s known for its beaches, marina, and robust infrastructure, making it an ideal location for both primary and secondary residences. The city is just 25 minutes from Barcelona and its airport and 30 minutes from Tarragona.<\/p>\n\n\n\n

We\u2019ve had prior experience with Mia Domo across three projects. Notably, one of these \u2013 Mia Garden<\/a><\/strong> \u2013 was successfully completed, delivering investors an IRR of 10.3%.<\/strong> Mia Domo is led by a team with over 20 years of experience in real estate development, having contributed to the construction of more than 10,000 homes across Spain.<\/p>\n\n\n\n

Building permit requested in June 2024<\/h2>\n\n\n\n

The Mia Nova<\/a> project follows a capital gains strategy, meaning Urbanitae investors will partner with the developer to complete the 31-unit development in Vilanova i la Geltr\u00fa. The \u20ac940,000 contributed by Urbanitae investors will fund the acquisition of the development site \u2013 which will be transferred debt-free \u2013 and cover project costs until bank financing is secured.<\/p>\n\n\n\n

The building permit was requested in June 2024, with approval expected in the first quarter of 2025. On the commercial side, 10 reservations<\/strong> (32%) have already been signed for the 31 units in the project since June. Purchase contracts will be finalized following the developer loan\u2019s approval and in parallel with the start of construction, scheduled for the first or second quarter of 2025.<\/p>\n\n\n\n

The developer will oversee the entire project and act as an investor, contributing 15% of the total project capital.<\/strong> An additional 33% of the capital will come from investors sourced by Mia Domo.<\/p>\n\n\n\n

You can learn more about the project in this video: <\/p>\n\n\n\n

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