The manager of this project is LEDICIA REAL ESTATE, a Galician real estate group founded in 2022 by professionals with over 20 years of experience in the real estate and financial sector. The group covers real estate management, investment, operation of tourist apartments, marketing and real estate promotion. Its business model integrates multiple activities within the sector to offer a comprehensive approach to its projects.

The group stands out for integrating innovation, advice and efficiency, focusing on personalized service and adapted to the needs of its clients and properties. With more than 15 projects and a highly qualified team, LEDICIA REAL ESTATE consolidates itself as a reference real estate group in Galicia.

In recent years, LEDICIA REAL ESTATE has mainly specialized in comprehensive renovations of residential buildings, changes of use and land development in the Galicia region, mainly in the city of Vigo. 

With a deep technical knowledge and backed by a specialized team, the manager successfully identifies and develops interesting real estate opportunities of great added value. The Bouzas Project is the third project to be financed on the Platform after the successful financing of the Pizarro and Auria Project in Galicia.

The assets included within the perimeter of the transaction correspond, on the one hand, to the so-called "Solid 1", a residential land with complementary tertiary use, with a total buildability of 1,471 m², in which the development of 13 multifamily homes of 1 and 2 bedrooms, all of them with parking space and storage room. On the other hand, a second tertiary use land, the "Solid 5", acquired in proindiviso regime (60.8%), is included, in which a coliving project is expected to be developed, which will be executed in a second phase.

The project manager has signed a reservation contract in December 2025 and must attend the sale during the month of March. Currently, the manager is in the negotiation phase for the acquisition of the remaining ownership of Solid 5, with the aim of developing the project in its entirety.

The manager will pay part of the purchase price, as well as VAT and associated costs, while the remaining amount will be financed by the loan provided by Urbanitae investors. 

For its part, the developer will assume with its own funds the general costs of the project until obtaining the Building License and meeting the level of pre-sales required by the banking entity.

Once the asset is acquired, the technical project will be drafted and the Building License will be applied for, whose obtaining is estimated in an approximate period of nine months.

The marketing process will start in the second quarter of 2026 and will be led by the manager himself who has experience in marketing similar promotions in the city of Vigo. 

Urbanitae investors will enter the project through the granting of a single tranche loan to partially finance the acquisition of both lands, as well as part of the VAT derived from the purchase and associated costs.  

The exit of the Urbanitae investors' loan will be through bank refinancing with the granting of the developer loan once the following milestones are reached: (i) obtaining the Building License and (ii) a level of pre-sales of 50% of the units.

STRUCTURE

This operation will be structured via debt, where Urbanitae Investors will grant a fixed rate loan to the company BEIRAMAR BOUZAS, S.L.

The total amount of the gross loan will amount to an amount of up to 955,000 €, to be financed in its entirety by Urbanitae investors. The total loan will be structured in a single tranche, whose main characteristics are the following (you can consult more information in the document "Fundamental Data of the Investment"):

• Simple annual fixed interest rate of 11%.

• Total return of 11%. 

• Loan term: 12 months with possible extension of 6 months in month 12.

• Interest and principal of the loan will be paid at maturity (interest will begin to accrue from the moment of the formalization of the loan contract).

Total early repayment will be allowed at any time, subject to a minimum return of interest equivalent to 6 months of interest. 

Regarding the Main Guarantees of the loan, the following is established in the financing contract: 

• First rank mortgage on the registry property that makes up the "Solid 1" land, with Mortgage Responsibility of 140%. 

• First rank pledge on the shares of the Borrower SPV.

• First rank pledge on the bank accounts of the Borrower SPV.

• First rank pledge on the VAT account of the project, with a 100% cash sweep mechanism of the reimbursed amount derived from the sale and purchase. 

• First rank pledge on the credit rights derived from future dividends from other developments in progress until the full repayment of the debt

WHY INVEST?

There are several reasons to invest in this project:

• Prime Location in the Bouzas neighborhood, Vigo (Pontevedra), with strong residential demand and limited new supply. The acquisition price offers a very attractive entry point compared to local references.

• Local developer of recognized prestige, with extensive experience in residential development, comprehensive renovations of pre-existing buildings and changes of use in the Galicia region. In addition, it has its own real estate agency, which provides a deep understanding of the local market. 

• Strong expected commercial traction, The high demand for new homes in Vigo, along with the scarce supply, supports strong absorption and high potential for pre-sales. 

• First rank mortgage guarantee on the residential land "solid 1". 

• Return of 11% per year, with a minimum return equivalent to 6 months of interest.

MARKET

A market study has been carried out to determine whether the sales prices proposed by the manager are reasonable. In turn, a commercial Due Diligence has been carried out by an external agent who has issued a favorable report corroborating the proposed prices. 

There is information available on the market within the "Sales Witnesses" documentation, where you will find a list of homes for sale in the area.

WHEN WILL I RECOVER THE INVESTED MONEY?

The estimated term of this project is 12 months with a possible extension of 6 months in month 12.

• March 2026, granting of the loan from Urbanitae investors 

• second quarter 2026, application for licenses, preliminary work and start of marketing.

• first quarter 2027, obtaining the Building License and the minimum level of pre-sales required by the bank for the granting of the developer loan.

• first quarter 2027, granting of the developer loan by the bank, refinancing the loan from Urbanitae investors.

RISKS

All investments carry a risk. Below are the main risks identified for this project:

• Commercial risk derived from a possible delay in the marketing of the asset, which could mean a delay in the entry of the developer loan and therefore to the repayment of the debt. This risk is mitigated by the participation of the Ledicia group's real estate agency, which has a great knowledge of the local market, as well as the support of the favorable report issued during the commercial due diligence, which validates the selling price established in the Business Plan.

• Risk of deviations in the deadlines for obtaining the License due to possible unforeseen events or administrative requirements. To mitigate this risk, a regular loan term of 12 months and a possible extension of 6 months have been established, which allows to absorb potential delays. In addition, the manager has extensive experience in the development of similar real estate projects in Vigo.

• Possibility of changing the agreed conditions. This risk includes potential substantial changes that may occur from the start of the financing campaign until the formalization of the loan contract, in which case the project would be cancelled and the investment returned.

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Warnings and Risks

Urbanitae Real Estate Platform S.L. (Urbanitae) does not hold the status of an investment services company, nor of 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 an investment recommendation to potential 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 the project's investment, the deadline 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 Urbanitae's Internal Code of Conduct, these investors are obliged to internally report 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.