Canceled with compensation
Loan

Ibiza | Ibiza Sky Villas Project

URBANIA

C/ Historiador Juan Mari Cardona 1, Islas Baleares

URBANIA

2 projects
Funded

5,000,000 €

Investors

1,117

Estimated
27%

Return

13.5%

IRR

24

months

Obtained
1%

Return

15.6%

IRR

0.8

months

Investment Term

24 months

Funding Date

October 2023

Economic summary

Annual Interest13,50%
Total Profitability27%

Click HERE to watch the Webinar “Urbanitae up close - Ibiza Sky Villas” along with Manuel Toledo, design director of URBANIA 


We present a new project that consists of the granting of a bridge loan to face the acquisition of a plot on which a project of 21 homes with garage and commercial premises in Ibiza will be developed. The project has landscaped areas, a community pool, and a multipurpose room on the top floor. The average surface area of the homes is 171m2 built with an average price around 2,048,000€.



The asset is located in Marina Botafoch, one of the most exclusive areas of Ibiza, in front of the Pacha Ibiza Hotel. Ibiza is the capital of the Balearic Islands, with a significant volume of tourists visiting it annually (more than 3 million people). It has numerous cultural points such as the cathedral or the wall. The city has a current population of more than 50,000 inhabitants and has been growing annually, doubling in the last 30 years. Marina de Botafoch is one of the most exclusive areas of the island, where the best restaurants, hotels, and leisure areas are located, such as the Pachá nightclub.

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Manager

URBANIA

URBANIA is a development, investment, and real estate project management company with projects valued at over 1.100 billion euros. It is currently operating in Spain, Portugal, and Brazil, with more than 150 professionals in its business lines: land development, residential development, student residences, senior community, and flexible workspaces.

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Location

C/ Historiador Juan Mari Cardona 1,

Islas Baleares, España