Currently, the project is based on consolidated urban land, with the plot completely urbanized and equipped with services (pending final reception). This situation significantly reduces the urban risk and allows the strategy to focus on the construction of the projected 2,123 m². For the execution, the guarantee of the group's own construction company is available, whose proven experience in the area mitigates construction risks and ensures compliance with estimated costs.

On the financial and commercial level, the promoter financing is already agreed with a top-level banking entity, providing security to the operation from the beginning. On the other hand, the commercialization will start in the first months with very positive forecasts, capitalizing on the non-existence of single-family housing offer with sea views in the environment, which positions the product with a strong competitive advantage.

STRUCTURE

The project has a capital gains strategy, which consists of an alliance with the promoter for the development of a promotion in El Rompido, Huelva.

The contributions from Urbanitae investors will be delivered to the promoter via capital increase to the vehicle company that will gather all the contributions from Urbanitae investors in the project. This company will later increase capital in the project's promoter company.

The management model guarantees a total alignment of interests since the promoter will invest his own capital (€400,000) along with that of Urbanitae investors (€1,300,000).

A distribution structure has been established in which Urbanitae investors have priority of collection until they recover their investment plus a return of 13% IRR. Only after satisfying this preferential return, the promoter will recover his capital and equivalent profitability. In the case of generating additional profits above this threshold, the promoter will receive 40% of the excess and the remaining amount will be distributed according to the percentage of capital held by each party.

WHY INVEST?

There are several reasons to invest in this project:

• Differential and scarce product: The project introduces a type of housing (semi-detached house with private plot) practically non-existent in the current offer of the area, giving it an immediate competitive advantage over the competition.

• Premium location and views: The plot is located at the highest level of the sector, guaranteeing uninterrupted panoramic views towards the Piedras river estuary and the sea, an added value difficult to replicate in the environment.

• Executed urbanization: The land has the urbanization works already completed and the service networks installed, being only pending the administrative procedure of final reception, which mitigates the technical risks of land development.

• Confirmed bank support: The economic viability has been validated by a top-level financial entity with which the promoter financing has already been agreed, providing solidity to the capital structure from the beginning.

• High potential demand: The combination of competitive prices and a design aimed at maximizing outdoor spaces responds to the current demands of the second home buyer, ensuring a good absorption capacity in the market.

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 two 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 market study.

In this project the total revenue forecast amounts to €9,052,500, while the estimate of the total costs for the execution of the promotion corresponds to €8,002,040.

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 by 20% has been considered, which raises the amount of total costs to €8,288,715, reduced compared to the favorable scenario as it reduces the payment of Corporate Tax and success management fees for not having achieved the profitability objective.

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 by 20% and a reduction in sales prices by 10% has been considered, which would result in a total revenue figure of €7,951,500 and total costs of €8,106,620, reduced compared to the favorable and moderate scenarios as it avoids the payment of Corporate Tax and the manager's success fee for not having achieved the profitability objective.

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 (€9,052,500) minus EXPENSE FORECAST (€8,002,040) divided by the total equity (€1,700,000).

The result of this quotient multiplied by 100 will represent the percentage of profitability on the capital contributed in this scenario.

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

MARKET

There is information available about the market in the "Sales Witnesses" documentation, where you will find a list of houses for sale in the area, and in the "Basic Real Estate Report", where you will find a study conducted by Basic Real Estate.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 34-38 months.

• First quarter 2026 – capital increase and start of marketing. 

• Fourth quarter 2026 – start of construction. 

• Second quarter 2028 – end of construction.

• First quarter 2029 – delivery of houses, liquidation of the company and distribution of profits to investors.

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

RISKS

All investments carry a risk. Below, we detail the most relevant risks that we have specifically identified for this project:

• Administrative deadline risk: Possibility of delays in obtaining necessary municipal licenses or permits for construction.

• Risk of cost increase: Possibility of deviation in construction costs or increase in raw material prices.

• Commercial risk: there is a possibility that the sales pace of the 25 units is slower than expected.

• Possibility of change in 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 canceled 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 period 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. 

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;

• Managers or employees of Urbanitae;

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

In this regard, 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.