**NEXT OPENING ON MONDAY, MARCH 9 AT 16:00 HOURS (UCT +1)**

*Click HERE to register for the Webinar "Urbanitae up close - Bouzas Project" which will be held next Monday, March 9 at 12.00 h (UTC +1) together with Roberto García Fortes, CEO of Ledicia Real Estate*

*Participation in this project is limited to €5,000 per investor*

Bouzas Project | Vigo

• Debt project in Vigo, Pontevedra

• Amount: €955,000 // Term: 12 months

• 11% Simple annual interest

• 11% Total return 

• Loan guarantees:

     1. First rank mortgage on one of the residential use lands

     2. Pledge of the shares of the SPV owning the asset

     3. Pledge of the bank accounts of the SPV owning the asset

     4. Pledge of the project's VAT account with cash sweep mechanism

We present a new project that consists of the granting of a loan aimed at partially financing the acquisition of two urban lands for the development of 13 multifamily homes with garages and storage rooms, as well as a building intended for Coliving, located in the Bouzas neighborhood, Vigo. 

The lands subject to the project are within an urban development located in Polygon nº6 of the Special Plan for Protection and Interior Reform (PEPRI) of the historic center of Bouzas, intended for the development of a multifamily residential complex with complementary tertiary use. 

The scope includes the construction of five solid buildings that will house, in total, 27 homes and a building with tertiary use. Likewise, the project includes the creation of free public use spaces that will function as a square and pedestrian area. 

The urbanization works are finished and received by the City Council, so the entire area is considered final urban land. 

The loan exit will be made through bank refinancing, with the entry of the developer loan granted by a top-level banking entity once the Building License is obtained and the level of pre-sales required by the bank is reached. 

The asset is located in the Bouzas neighborhood, a consolidated coastal neighborhood located west of the city of Vigo. It is a neighborhood with a seafaring tradition with a historic urban fabric in the process of rehabilitation that combines tradition, maritime activity and growing residential appeal. 

Vigo, is the largest city and the main economic engine of the Galicia region, accounting for 25.6% of business turnover. With a population of over 290,000 inhabitants, it combines urban comfort with natural environments. Vigo has a stable residential demand, driven by both local professionals and young families, making it an attractive market for residential investment. The city has excellent connectivity, including a train station, airport and main communication routes, favoring mobility and economic growth. The residential market in Vigo is booming, with prices that have grown between 8% and 13% annually in recent years and an accumulated variation of over 5% in 5 years.