The manager of this opportunity is EDISTAA HOGAR, a developer with over 50 years of experience in the real estate sector and a strong presence in the province of Huelva. In the last twenty years, it has delivered more than 400 homes in Andalusia and the Algarve, and is currently developing several single-family home promotions in Cartaya, Aljaraque and El Rompido, where it is executing the first phase of this same project. Its management team is made up of professionals with extensive technical training and more than two decades of direct experience.

The project has a capital gains strategy, which consists of an alliance with the developer for the development of 12 single-family homes in El Rompido (Huelva), with a buildable area of 2,123 m². Each house has a private plot, parking space and storage room, and the layout is based on the topography of the land to orient the houses towards the coast and the river mouth, prioritizing the entry of light and the use of outdoor spaces. This is the second phase of the El Rompido Project, published on the platform in January 2026, and its common areas —pool, gym and green areas— will join those of the first phase to provide both promotions with higher quality common spaces.

The land is located at the highest level of the "El Rompido West" sector, bordering the already consolidated phases of other promotions, including the first phase of this project. Its elevated position allows clear views to the west, with a direct perspective over the Piedras river estuary and the La Antilla coastline, and the road access connects with the main roads, linking the promotion with the urban center and nearby commercial areas. El Rompido is a coastal nucleus on the margin of the Piedras river, marked by the Marismas landscape and the Flecha del Rompido, with a marina of more than 300 moorings and golf courses in the immediate surroundings, established as a second home destination.

The contributions of Urbanitae investors will be delivered to the developer via a capital increase to the vehicle company that will bring together all the funds from the investors. This company will later increase capital in the project's developer company. The land is urban and consolidated, 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 construction. For execution, the guarantee of the group's own construction company is counted on, whose proven experience in the area mitigates construction risks and ensures compliance with estimated costs.

The financing of the work will be supported by a developer loan already agreed with a top-level banking entity, which provides security to the operation from the beginning. The marketing will start in the fourth quarter of 2026, led directly by EDISTAA HOGAR, with very positive forecasts given the commercial success of the first phase, which already has a license and pre-sales above the estimated price and plans to start work in mid-October.

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 will enter the developer company to acquire the plot and support the start-up costs of the promotion. EDISTAA HOGAR will be dedicated to the integral management of the promotion.

The financing of the work will be subsequently supported by a bank developer loan, already agreed with a top-level financial entity.

The management model guarantees a total alignment of interests: EDISTAA will not only act as the integral manager of the promotion, but will also participate as an investor in the project, committing its own capital (€230,000) along with that of Urbanitae investors (€920,000), on a total equity of €1,150,000.

The distribution of profit follows a waterfall with priority in favor of Urbanitae investors: first, the capital contributed by Urbanitae investors (€920,000) is returned; then their preferred return equivalent to a 13% IRR is paid; then the capital contributed by the manager (€230,000) and its return equivalent to the 13% IRR is returned; once both thresholds are covered, the manager receives a 50% of the remaining profit as success fee (promote); and the remaining excess is distributed between both parties pro rata to their participation in the company (80% Urbanitae investors / 20% manager).

WHY INVEST?

There are several reasons to invest in this project:

• Differential and scarce product: the project introduces a type of housing practically non-existent in the current offer of the area, giving it an immediate competitive advantage against the competition.

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

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

• Confirmed bank backing: economic viability has been validated by a top-tier 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.

• Promoter's experience in the area: the promoter has the experience of developing phase 1 of the project for which he has already obtained the license in the expected time and is marketing above the estimated price. 

• Preferred return of 13% on capital and promoter's profit: the distribution structure grants investors a preferred return of 13% IRR on the contributed capital with priority over the promoter, who also co-invests 230,000 € —20% of the equity— and does not perceive any profit until this threshold has been met, which guarantees the alignment of interests and reinforces investor protection.

ECONOMIC SCENARIOS

According to the CNMV criterion, in addition to the base (favorable) scenario proposed by the manager and which we contrast from Urbanitae, two additional scenarios that show potential variations in the business plan must be published in Equity projects.

1. FAVORABLE

The base, or favorable, scenario contemplates the income 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 €6,720,000, while the estimate of total costs for the execution of the promotion corresponds to €6,121,343.

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 10% has been considered, which raises the amount of total costs to €6,259,691, reduced compared to the favorable scenario as it reduces the payment of Corporate Tax and success management fees.

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 10% and a reduction in sales prices by 10% has been considered, which would result in a total revenue figure of €6,048,000 and total costs of €6,075,173, 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 (€6,720,000) minus EXPENSE FORECAST (€6,121,343) divided by the total equity (€1,150,000).

The result of this quotient multiplied by 100 will represent the profitability percentage 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 nature throughout the duration of the project.

MARKET

There is information available about the market within 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 timeframe for this project is 30-34 months:

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

• Second quarter 2027 – start of construction.

• First quarter 2029 – end of construction.

• Second 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 development, the 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 deadlines risk: Possibility of delays in obtaining necessary municipal licenses or permits for construction.

• Cost increase risk: Possibility of deviation in construction costs or increase in raw material prices.

• Commercial risk: there is the possibility that the sales pace of the 12 units is slower than expected, although this risk is significantly mitigated by the solid commercial performance demonstrated in Phase 1.

• Possibility of change in agreed conditions: This risk includes potential substantial changes that take place from the start of the funding 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 project investment, the deadline for fundraising 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 individuals 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 with Urbanitae. In accordance with the Internal Conduct Regulations of Urbanitae, these investors are obliged to internally communicate these operations.

Once the investment in the project is closed, Urbanitae will provide in the project's investment area information 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.