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Alicante I Essence Project

• Capital gain project in Alfas de Pi (Alicante)

• Preferred IRR of 17.00%

• Project with building license

• Ticket: 2,000,000 € // Term: 32 - 36 months

• Immediate start of works

We present a new real estate development project consisting of the purchase of two plots located in Alfas de Pi, for the development of 123 homes distributed in 9 multi-family blocks, mainly with 2-bedroom homes and some options of 1 and 3 bedrooms. Most of the homes have a private garden or solarium. The common areas include a swimming pool, green areas, and a children's area. The plots have 13,000 m² and the buildable area of the project is 11,368 m². The project has a granted building license and marketing has started with 18% of the units pre-sold. Negotiations are being finalized with alternative financing entities to cover construction costs.

As for its location, the land is located in the municipality of Alfaz del Pi, above the AP-7, 7 km from Benidorm and 50 km northeast of Alicante, the asset is located in a privileged natural environment, 5 km from the beach and the Serra Gelada Natural Park and 2 km from the urban center, close to green areas, sports and leisure facilities, hiking and cycling routes, supermarkets and schools, and with good road connections to nearby municipalities and Alicante airport. Alfaz del Pi has a stable demographic evolution in recent years, with a consolidated residential base and a strong weight of foreign population (51%), mainly from the United Kingdom, followed by Romania, Germany, Russia, Italy, and France. The municipality stands out for a high per capita income within the Marina Baixa, above Benidorm and Altea, with an economy mainly based on tourism.