**NEXT OPENING ON TUESDAY, DECEMBER 16 AT 16:00 (UCT +1)**

**Click HERE to watch again the Webinar "Urbanitae up close - Pizarro Project" that took place on Monday, December 15 at 12.00 h (UTC +1) together with Roberto García Fortes, founder and CEO of Ledicia Real Estate**

Pizarro Project | Vigo

• Debt project in Vigo, Pontevedra

• Amount Tranche A: €2,290,000 // Term: 24 months

• 10.75% Simple annual interest

• 21.5% Total profitability 

• Loan guarantees:

1. First rank mortgage on the asset

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

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

We present a new project that consists of the granting of a loan to partially finance the purchase and complete renovation of an existing building for the promotion of 25 multifamily homes and 5 parking spaces in Vigo, Pontevedra.

The project consists of the complete renovation of a residential building of eleven floors above ground, with a constructed area of 3,272 m². The intervention will include the complete renovation of the facade, common areas and elevator, as well as the interior renovation and redistribution of the homes, maintaining the current buildability. The goal is to transform the building into a set of high-quality modern homes, with typologies of 1 to 4 bedrooms, aimed at meeting current market demand. In addition, a terrace on the roof with a solarium and jacuzzi is planned, generating a differential and attractive value for future residents.

The building is located on Pizarro Street 50, one of the main arteries of the city, close to Gran Vía and Casco Vello. It has good communication, being 10 minutes walk from Vigo Urzaiz train station and close to two shopping centers. The area offers multiple services and shops, being attractive for an audience looking for urban comfort. It is a consolidated residential area that in recent years has undergone an urban transformation with improved infrastructure and the development of high-interest residential projects. 

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 both by 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.