*NEXT OPENING ON FRIDAY, FEBRUARY 27 AT 12:00 (UTC+1).*

**Click HERE to watch again the Webinar "Urbanitae up close - Contrueces Residential Project", next Wednesday, February 25 at 17:00 (UTC+1). **

• Value-added project in the Contrueces neighborhood, Gijón.

• Ticket: €2,475,000 contribution from Urbanitae // Term: 40-44 months.

• 132 homes (112 free and 20 VPC) with garage and storage room in a multi-family development.

• Preferred IRR of 13.5% for Urbanitae investors.

The Contrueces Residential Project proposes the contribution of capital for the development of a promotion of 132 homes. The promotion combines two types: 112 free housing and 20 homes destined for Agreed Price Housing (VPC), distributed in 4 free housing buildings and 1 autonomous protection building. The homes will have common areas that include green areas, swimming pool and sports courts.

As for its location, the land is located in the Contrueces neighborhood, a neighborhood on the outskirts of Gijón with a mainly residential character. It is an area close to all services: schools, health center, supermarkets and leisure options less than 5 minutes walk. Communication is very good, being 10 minutes by car from the center of Gijón, with nearby bus stops, access to the highway and about 10 minutes by car from the Gijón-Jovellanos train station.

Gijón functions as the economic engine of Asturias, concentrating a large part of the region's business activity thanks to its strong industrial and service dynamism. However, the city's real estate market faces a structural challenge: the pressing lack of supply for first homes. Despite having a solid and constant demand, the scarcity of product is evident, as new construction housing barely represents 13% of annual operations. This pushes buyers to resort to a market dominated almost entirely by second-hand, which absorbs between 85% and 92% of transactions. This marked lack of replacement of the housing stock makes new residential developments, like Contrueces, highly necessary and demanded solutions to meet the real need for regular housing.