The manager of the operation is Solvilla, a high-end developer and real estate consultant based in Marbella specializing in the sale, promotion, renovation, and marketing of high-end homes in privileged areas such as the Golden Mile, Sierra Blanca, Cascada de Camoján, Nueva Andalucía, and La Quinta. They have a team that takes care of renovating properties by managing design, work supervision, coordination of all the necessary elements to transform or modernize buildings. In addition, they develop new construction promotions from the construction phase as well as from earlier stages, through the identification of land. They have a real estate agency, they mediate in the sale of high-end houses, whether they are from private owners or their own developments. In 2024, they reached sales of 463M€ with 86 transactions.

The project has a capital gains strategy, which consists of an alliance with the manager for the purchase of the house.

The contributions of Urbanitae investors will be delivered to the developer via a capital increase to the vehicle company that will bring together all the funds from the investors: TERRACOTA OPPORTUNITIES 7, S.L. This company will later enter the project's promoter company, KAIMAR VALLE DE GOLF, S.L, S.L. with a contribution of 4,170,000 €. The contribution of Urbanitae investors is increased by 10,000 €, included in the total to be financed from the platform, which will be kept in the vehicle company to cover administrative and management expenses.

The promotion materializes in the purchase of an existing luxury home for its rehabilitation and subsequent sale. It is located on a plot of more than 4,500 m², and has an interior living area of more than 1,300 m². The manager has signed a purchase option contract and paid 10% of the purchase price.

The manager is finalizing negotiations with a financing entity to cover part of the acquisition costs as well as the construction costs.

STRUCTURE

The operation will be structured via a capital increase, where Urbanitae investors will make a capital contribution to the vehicle company of the operation. This vehicle company plans to go to external financing for the development of the work, which is agreed with a first-rate financial entity. The contribution corresponding to Urbanitae investors will be equivalent to 4,160,000 € (plus the 10,000 € that are contributed and kept in the vehicle company). The total capital of the project amounts to 5,200,000 € where Urbanitae investors will enter together with the manager.

The manager will dedicate himself to the integral management of the promotion and his contribution, together with his partners, amounts to 20% of the total value of the investment.

WHY INVEST?

There are several reasons to invest in this project:

• The project is located on the Costa del Sol, an area with high national and international demand.

• Investment opportunity in a Luxury villa.

• The project will be developed through a Responsible Declaration.

• The project manager invests his own capital, which aligns the interests of all the agents participating in the investment.

ECONOMIC SCENARIOS

According to the criteria of the CNMV, in addition to the base scenario (favorable) proposed by the manager and which we contrast from Urbanitae, in Equity projects 2 additional scenarios must be published that show potential variations in the business plan.

1. FAVORABLE

The base or favorable scenario contemplates the revenue and expense estimates proposed by the manager, verified by Urbanitae, and contrasted by Solvilla's market report. In this project, the total revenue forecast amounts to €21,000,000, while the estimate of the total costs for the execution of the promotion corresponds to €18,578,160.

2. MODERATE

The moderate scenario contemplates an upward deviation of the construction costs estimated by the manager, which raises the amount of the total costs to €18,108,610, as well as a downward deviation of the revenue forecast, with the total being €19,950,000.

3. UNFAVORABLE

The unfavorable scenario contemplates a drop in sales prices wide enough to obtain a negative result, with partial loss of the contributed capital. In this project, a reduction in the sales price has been considered, which would result in a total revenue figure of €17,535,000 and total costs of €17,638,759 (reduced compared to the favorable and moderate scenarios since the payment of the Corporate Tax is avoided by incurring losses).

According to the supervisor's criteria, crowdfunding platforms should not communicate the estimated profitability in an Equity project. The total profitability of a project is the REVENUE FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. For example, in the FAVORABLE scenario, the calculation would be REVENUE FORECAST (€21,000,000,) minus EXPENSE FORECAST (€18,578,160) divided by the total Equity (€5,200,000). The result of this quotient multiplied by 100 will represent the profitability percentage on the contributed capital of this scenario.

Forecasts are mere estimates, and are subject to variations that may arise from the economic, social or other nature throughout the duration of the project.

MARKET

A market study has been carried out to determine if the sales prices proposed by the manager are reasonable.

There is information available about the market within the "Sales Witnesses" documentation, where you will find a list of homes for sale in the area, and in the "Market Report", where you will find a study conducted by Solvilla.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 26-30 months.

• Fourth quarter 2025 – capital increase and purchase of the asset.

• First quarter 2026 – start of execution works.

• Second quarter 2027 – end of construction works and start of marketing.

• First quarter 2028 – Distribution of profits to investors.

It is important to bear in mind that in all real estate development, the deadlines can vary both upwards and downwards.

RISKS

All investments carry a risk. We detail the clearest risks we have identified for this project:

• Increase in the projected timelines of the project, due to delays in marketing or provision of external financing.

• Deviation of the fixed costs associated with the investment, unforeseen in construction.

• Delays in the sale, and/or need to lower its price to attract customers.

• Possibility of change in the agreed conditions. This risk includes potential substantial changes that take place from the start of the financing campaign until the formalization of the capital increase, in which case the project would be cancelled and the capital contributed by the investors would be returned.

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Warnings and Risks

Urbanitae Real Estate Platform (Urbanitae) does not hold the status of an investment services company, nor a credit institution and is not attached to any investment guarantee fund or deposit guarantee fund. The information published by Urbanitae Real Estate Platform on its Website is for informational purposes only and can in no case be considered as recommendations to investors.

The crowdfunding projects published by Urbanitae on its Website are not subject to authorization or supervision by the National Securities Market Commission or the Bank of Spain, therefore, all the information provided by the manager in relation to the projects has not been reviewed by them.

Urbanitae expressly informs that, in case of non-compliance with the total volume of investment of the project, the deadline for fundraising may be exceeded by up to 25%, maintaining the same investment conditions. Likewise, the project may be financed by Urbanitae when at least 90 percent of the financing objective has been reached, once the participation in the project that the platform itself may have is discounted.

Investing in the projects published on this Website may entail certain risks, such as, the risk of total or partial loss of the invested capital, of not obtaining the expected monetary return or of lack of liquidity. Therefore, we warn investors to only invest an amount they are willing to lose and we suggest they diversify their investments to minimize and mitigate potential risks. In the event that the manager is unable to return or remunerate the funds received, Urbanitae will not return the investors their investment made.

This project will be open to any investor registered in Urbanitae, and any of the following registered persons may invest in it:

• Urbanitae partners who own at least 20% of the share capital or voting rights;

• Directors or employees of Urbanitae;

• Individuals or legal entities linked to these partners, directors or employees by control

In this sense, Urbanitae guarantees that the investments of any of these people will be made through the platform, under the same terms and conditions as any other investor, without receiving any preferential treatment, or privileged access to information compared to the rest of the investors registered in Urbanitae. In accordance with the Internal Code of Conduct of Urbanitae, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide information in the project investment area about the amount invested by these investors, the type of investor who has made the investment, and the percentage it represents with respect to the total financed, always complying with the data protection policy.