The manager of this opportunity, SEGIA RESIDENCIAL, is an Aragonese real estate development company composed of a management team with more than 25 years of experience in the development of real estate promotions. The activity of SEGIA RESIDENCIAL is focused in the province of Zaragoza, having delivered promotions in the center of Zaragoza, Cuarte de Huerva or Ejea de los Caballeros.

SEGIA RESIDENCIAL acts as a housing manager covering the entire development process until the delivery of the houses, but its management team has also acted as a delegated developer and in the management of cooperatives. In the last 5 years, SEGIA RESIDENCIAL has delivered about 70 single-family and block houses in Zaragoza and Ejea de los Caballeros. 

The Arcosur Residencial project will be the third promotion financed by SEGIA RESIDENCIAL through Urbanitae after the Residencial Cinco Villas projects, in the liquidation phase, and Miralbueno Residencial, which is progressing as planned in the business plan.

The project has a capital gains strategy, which consists of an alliance with the developer for the development of a promotion in Arcosur, Zaragoza. The contributions of Urbanitae investors will be delivered to the developer via a capital increase to the vehicle company that will gather all the contributions of Urbanitae investors in the project: RIVENDEL PROPERTIES 3, S.L. This company will later increase capital in the project's promoter company, ARCOSUR RESIDENCIAL, S.L.

The manager has formalized an exclusive purchase option contract for the asset on which the promotion will be developed, which will be purchased free of charges. The project has a building license requested and it is expected that its concession will take place in the fourth quarter of 2025 or the first quarter of 2026.

The contribution of Urbanitae investors will be used to support the acquisition of the land and the start-up costs of the project. The execution of the work will be financed by a developer loan that is in negotiation with one of the main banking entities at the national level.

The marketing of the project is underway and monetary reservations have already been formalized in 42 of the 56 houses that make up the promotion (75%). The formalization of the purchase contracts will take place after the granting of the developer loan and in parallel with the start of the execution of the work, planned during the first or second quarter of 2026.

STRUCTURE

The operation will be structured via a capital increase, where both the manager and its investors and Urbanitae investors will make a capital contribution to the promoter company of the operation. This promoter company plans to resort to bank financing for the development of the work.

The manager will be dedicated to the integral management of the promotion and will contribute 24% of the total capital of the investment.

WHY INVEST?

There are several reasons to invest in this project: 

• The project has monetary reservations in 42 of the 56 houses that make up the promotion (75%).

• Investment opportunity in a promotion project of new protected housing.

• The granting of the building license is expected to occur imminently.

• The project will be promoted by SEGIA RESIDENCIAL, whose management team has more than 25 years of experience in the area of influence of the promotion.

• This is the third project managed by SEGIA RESIDENCIAL through Urbanitae after the Residencial Cinco Villas projects, in the liquidation phase, and Miralbueno Residencial, which is progressing according to the estimates of the business plan.

• 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 (favorable) scenario 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 includes the revenue and expense estimates proposed by the manager, verified by Urbanitae, and contrasted by the valuation report of Sociedad de Tasación. In this project, the total revenue forecast amounts to €11,098,200, while the estimate of the total costs for the execution of the promotion corresponds to €10,382,249.

2. MODERATE

The moderate scenario contemplates an upward deviation of the construction costs estimated by the manager. In this project, an increase in construction costs equivalent to 7.5% has been considered, which raises the amount of total costs to €10,799,887.

3. UNFAVORABLE

The unfavorable scenario contemplates an increase in construction costs and a decrease in sales prices wide enough to obtain a negative result, with partial loss of the contributed capital. In this project, an increase in construction costs corresponding to 7.5% and a reduction in sales prices equivalent to 5% has been considered, which would result in a total revenue figure of €10,543,290 and total costs of €10,645,345 (reduced compared to the moderate scenario as the payment of 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. As an example, in the FAVORABLE scenario, the calculation would be REVENUE FORECAST (€11,098,200) minus EXPENSE FORECAST (€10,382,249) divided by the total equity (€1,455,000). 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 could arise from the economic, social or other situation throughout the duration of the project.

MARKET

A market study has been carried out to determine whether the sales prices proposed by the manager are reasonable. The manager has proven experience in the development of similar promotions in the environment. In addition, the commercial appeal of the project has already been tested, with 42 reservations (75% of the total promotion) formalized to date. It should also be noted that the maximum sale price is set by the module of the Officially Protected Housing and the Appraised Price Housing.

There is information available about the market within the "Sales Witnesses" documentation, where you will find a list of houses for sale in the area, and in the "Commercial Report Sociedad de Tasación", where you will find a study carried out by Sociedad de Tasación, a company registered in the Registry of Entities specialized in appraisal of the Bank of Spain with the number 4301.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 30-34 months.

• Fourth quarter 2025, operation closure.

• First quarter 2026 - second quarter 2026, start of execution work.

• First quarter 2028 - second quarter 2028, end of execution work and delivery of the houses.

• Second quarter 2028 – third quarter 2028, liquidation of the company and distribution of profits to investors.

It is important to bear in mind that in all real estate promotions, 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 deadlines set in the project, due to delays in the granting of the building license.

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

• Delays in sales, and/or the need to lower their price to attract customers.

• Risk of the bank refusing to subrogate the developer loan into a mortgage to some buyers, due to a situation of insolvency.

• Possibility of changing 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 promoter 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 raising funds 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. All this according to the provisions of Article 69 of Law 5/2015 on Business Financing Promotion.

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 promoter is unable to return or remunerate the funds received, Urbanitae will not return the investment made by the investors.

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 regard, Urbanitae guarantees that the investments of any of these people will be made through the platform, on 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 Urbanitae's Internal Code of Conduct, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide information in the project's 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.