The manager of this opportunity is NYLAND, a real estate developer committed to excellence and quality in project development. It has a multidisciplinary team of professionals with extensive experience in the sector, specialized in the design, management and integral execution of real estate assets. NYLAND stands out for its rigorous approach and attention to detail in each phase of the process, developing projects that combine efficiency, functionality and strategic locations. Its track record and management capacity consolidate it as a solvent and reliable operator within the real estate market, oriented towards the creation of sustainable long-term value.

The project has a capital gains strategy, which consists of an alliance with the developer for the development of a project of 21 semi-detached single-family homes, with a parking space. In addition, the homes will have the possibility of including a private pool.

The contributions from Urbanitae investors will be delivered to the developer via a capital increase to the company that will group together all the funds coming from investors: DIMORA PROPERTIES 1, S.L. This company will later enter the project's promoting company, CAPELLANIA DESARROLLO RESIDENCIAL, S.L. with a contribution of 920,000 €. The contribution from Urbanitae investors will be increased by 3,000 €, included in the total to be financed from the platform, which will be kept in the vehicle company to cover administrative and management expenses.

The manager maintains 20% of the necessary investment to carry out the project.

The promotion materializes in the development of a building of 21 semi-detached single-family homes in the municipality of Alhaurín de la Torre, Málaga. The homes will have 3 bedrooms and an average interior built area of 200 m², as well as a porch, terrace, garden and the possibility of including a pool.

The manager has signed a deposit contract on the asset with a down payment of the purchase price. The remaining payment for the land will be met with the entry of Urbanitae investors, as well as the initial costs of the promotion not covered by the bank. 

The project plans to apply for a license in June, a margin has been included in the license application period to cover possible delays on the manager's estimated timeline.

From a commercial point of view, the promotion is located in a unique area where new construction promotions are currently scarce in the immediate area. In addition, a commercial report has been carried out, prepared by an external company where the estimated sale prices for the project are checked and validated. 

STRUCTURE

The operation will be structured via a capital increase, where Urbanitae investors will make a capital contribution to the vehicle company of the operation. This vehicle company plans to go to external financing for the development of the work. The contribution corresponding to Urbanitae investors will be equivalent to 920,000 € (plus the 3,000 € that are contributed and kept in the vehicle company). The total capital of the project amounts to 2,725,000 € where Urbanitae investors will enter together with the Co-Investors and the manager.

The manager will dedicate himself to the integral management of the promotion and his contribution amounts to 20% of the total value of the investment.

WHY INVEST?

There are several reasons to invest in this project:

• Investment opportunity in a new construction promotion project.

• The project plans to apply for a building license in the month of June.

• The project will be promoted by NYLAND, a manager with high experience in the area, with whom we have already worked on previous projects.

• The project manager invests his own capital, which aligns the interests of all the agents participating in the investment.

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 2 additional scenarios must be published that show potential variations in the business plan.

1. FAVORABLE

The base, or favorable, scenario contemplates the revenue and expense estimates proposed by the manager, verified by Urbanitae, and contrasted by the ON3 valuation report. In this project the total revenue forecast amounts to 15,645,000 €, while the estimate of the total costs for the execution of the promotion corresponds to 14,003,417 €.

2. MODERATE

The moderate scenario contemplates an upward deviation of the construction costs estimated by the manager which raises the amount of the total costs to 14,628,247 €. 

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 corresponding to more than 10 % and a reduction in sales prices equivalent to 10 % has been considered, which would result in a total revenue figure of 14,080,500 € and total costs of 14,271,010 € (reduced compared to the favorable and moderate scenarios since the payment of the Corporate Tax is avoided by incurring losses).

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 (15,645,000 €,) minus EXPENSE FORECAST (14,003,417 €) divided by the total Equity (2,725,000 €). The result of this quotient multiplied by 100 will represent the percentage of profitability on the capital contributed in this scenario.

The forecasts are mere estimates, and are subject to variations that could arise from the economic, social or other situation throughout the duration of the project.

MARKET

A market study has been carried out to determine if the sales prices proposed by the manager are reasonable.

There is information available about the market within the "Sales Witnesses" documentation, where you will find a list of homes for sale in the area, and in the "Market Report", where you will find a study carried out by ON3.

WHEN WILL I RECOVER THE INVESTED MONEY?

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

• Second quarter 2026 – capital contribution.

• Second quarter 2026 – application for building permit.

• Second quarter 2026 – start of marketing work.

• Second quarter 2027 – start of construction work

• Fourth quarter 2028 – end of construction work

• First quarter 2029 – Declaration of new work and delivery of homes

• Second quarter 2029 – Distribution of profits to investors.

It is important to note that in any real estate promotion, the deadlines can vary both upwards and downwards. 

RISKS

All investments carry a risk. We detail the clearest risks we have identified for this project: 

• Increase in the project's planned timelines, due to delays in marketing or provision of external financing.

• Deviation of the fixed costs associated with the investment, unforeseen in construction. 

• Delays in sales, and/or the need to lower their price to attract customers.

• Possibility of changing the 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 cancelled 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 participatory financing 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 sense, 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, nor privileged access to information regarding 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.