Campaign Close | Urbanitae completes the €2,000,000 equity raise (Tranche 1) for 240 homes in Albal (Valencia)

28/07/2026 – ⏱ 4 min

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

The crowdfunding platform Urbanitae has issued the closing report for the first-tranche fundraising round of the development project of 240 multifamily homes in Albal (Valencia), managed by a company of the ConfortHogar group. The operation, structured as an equity investment through a special-purpose vehicle, was intended to finance the portion corresponding to the platform's investors in this first tranche. The subscription process has concluded, consolidating an amount raised of €2,000,000. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

Subscription Pace

The campaign completed its €2,000,000 target in a period of 1 day. The analysis of the flow of contributions during that interval records an average contribution ratio of approximately €1,389 per minute.

Investor Base and Capital Distribution

The campaign concluded after registering the participation of 853 investors, who covered the entire amount assigned to the operation in this first tranche. The distribution of the funds raised among that number of contributors yields an average investment ticket of approximately €2,345 per participant.

Structure of the Operation and Terms for the Investor

The operation is structured through a capital increase: the contributions of Urbanitae investors are channeled through a special-purpose vehicle which subsequently enters the project's developer company via a capital increase. The developer invests its own capital and that of its partners for €1,660,000 (€900,000 in this first tranche and €760,000 in the second tranche, upon obtaining the permit), together with the €2,000,000 from Urbanitae investors and €1,600,000 from additional investors in this first tranche; a further €3,040,000 will be added in the second tranche. A distribution structure has been established in which Tranche 1 Urbanitae investors have priority of collection until they recover their investment plus a 21.15% IRR return (preferential return), and second-tranche investors a 17.29% IRR preferential return; only after these preferential returns are satisfied does the developer recover its capital and an equivalent return. As this is an equity project, and in accordance with the CNMV criterion, no estimated profitability is communicated; the preferential return indicated is subject to investment risk, is not guaranteed and might not be obtained. The estimated term of the project is 48 to 54 months. In compliance with the European regulatory framework, non-experienced investors have a four-calendar-day pre-contractual reflection period during which they may revoke their commitment at no cost and without justification.

Asset Description, Planning Progress and Financing

The project consists of the construction of 240 multifamily homes across 3 independent towers, with typologies of 1 to 3 bedrooms and 100% of the homes being exterior-facing, in the municipality of Albal, in the l'Horta Sud region, less than 10 kilometers from the center of Valencia and connected via the V-31 and A-7; a new Renfe station is planned about 400 meters from the project. On the planning side, the permit will be applied for in the coming months and its granting first requires approval of the Partial Modification of the Albal General Plan; it is estimated it will be obtained within approximately 18 months. Marketing is expected to begin in October 2026, with an estimated sales pace of 8 units per month over 30 months. On the financial side, the project will have senior bank financing of approximately €35 million —including amounts paid on account—, currently under negotiation with two institutions. The manager is a company of the ConfortHogar group, a local developer with experience in new-build development in the Valencian Community.

Economic Scenarios

In accordance with the CNMV criterion, in addition to the base (favorable) scenario proposed by the manager, in equity projects two additional scenarios are published showing potential variations in the business plan. In the favorable scenario, verified by Urbanitae and cross-checked against the market study, the forecast of total income amounts to €55,826,416 against estimated total costs of €47,285,862, on a total equity of €8,300,000. The moderate scenario contemplates a 5% increase in above-ground construction costs and a 5% reduction in sale prices, with income of €53,184,682 and costs of €48,221,939. The unfavorable scenario contemplates a 10% cost increase together with a 17% reduction in sale prices, with income of €46,580,346 and costs of €47,681,409, which would result in a negative outcome with partial loss of the contributed capital. These forecasts are mere estimates and are subject to variations that may arise from the economic, social or other situation over the duration of the project.

Finally, in compliance with the regulations governing crowdfunding platforms, investors are reminded that this is a participatory financing product and not a deposit or a guaranteed savings product, and that real estate investments carry specific risks, such as illiquidity, the risk of not obtaining the expected return, or the partial or total loss of the invested capital. This crowdfunding project is not supervised by the CNMV or the Bank of Spain, and the information provided has not been reviewed by these institutions. Likewise, the invested capital is not covered by the deposit guarantee fund or the investor compensation scheme.

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