*NEXT OPENING ON THURSDAY, JANUARY 29 AT 16:00 HOURS (UCT +1)*

*Click HERE to watch again the Webinar "Urbanitae up close - Alegre Project" with Juan Mínguez and Joaquín Uríbarri, Director and VP of the Urbanitae debt team*

Alegre Project | Ibiza

• Debt project in Vista Alegre and Sa Caleta, Sant Josep de Sa Talaia, Ibiza

• Amount: 5,000,000 € // Term: 18 months

• 10.0% Simple annual interest

• 15.0% Total return 

• Loan guarantees

1. First rank mortgage on both assets

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

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

4. Sweep of 100% of the cash to be received from the sale of any of the villas. The generated cash will be used to repay the Urbanitae loan

We present a new project that consists of the granting of a loan with mortgage collateral on two luxury villas in Ibiza in an advanced stage of construction (~60% and ~70%, respectively) aimed at (i) refinancing an existing mortgage loan, (ii) the completion of the works of the underlying assets and (iii) a recapitalization for the developer that will be used to buy back minority shareholders in the operation:

1. Villa Infinity - Vista Alegre: Luxury villa with 4 bedrooms and 5 bathrooms in Vista Alegre, Ibiza.

i. Built area: 702 m² interior + 380 m² of terraces.

ii. Plot area: 1,000 m²

iii. Asset purchase: July 2024.

iv. Major work license granted in February 2023 to the previous owner.

v. Construction: The construction started in August 2024 after the asset purchase and the structure was completed in February 2025. The villa is at a stage of work progress above 60% and a period of 4-6 months is estimated for the completion of the works.

2. Villa Caleta – Sa Caleta: Luxury villa with 4 bedrooms and 6 bathrooms in Sa Caleta, Ibiza.

i. Built area: 410 m² interior + 250 m² of terraces.

ii. Plot area: 50,000 m² of rural land.

iii. Asset purchase: August 2024.

iv. Major work license granted in November 2022 to the previous owner.

v. Construction: The construction started in August 2024 after the asset purchase and the structure was settled in January 2025. The villa is at a stage of work progress above 70% and a period of 4-6 months is estimated for the completion of the works.

Villa Infinity, the asset is located in the private urbanization Vista Alegre, within the municipality of Sant Josep de Sa Talaia. It is a consolidated luxury residential area characterized by a low density of homes and a predominant type of single-family housing. The urbanization is located on a high slope facing the Mediterranean, which allows open views to the sea and the island of Formentera and quick access to coves and coastal areas.

Vista Alegre is mainly composed of high-level constructive and architectural villas, with a demand profile mainly international. The immediate environment combines green pine areas, a coast with marked relief and proximity to relevant tourist and leisure infrastructures of the island, including beaches, marinas and reference dining areas.

Villa Caleta. The asset is also located in the municipality of Sant Josep de Sa Talaia, in the southern part of the island of Ibiza, within a low-density residential environment and with a high degree of landscape conservation. The plot is located in an elevated position that offers clear views towards the natural environment, including the Ses Salines Natural Park and the Cap des Falcó area.

The immediate environment is mainly formed by pine forests and rustic land, with very few constructions around. The current urban planning regulations prioritize types of detached single-family housing and private farms, with criteria for integration into the landscape and very controlled development in terms of volume and building density.