Details

Country

Spain

Type

Loan/debt

Sector

Real EstateIndustrial Unit

End date

24 April 2024
(-29 days)

Duration/Maturity

26 months

investors

819

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“*NEXT OPENING ON MONDAY, MARCH 25 AT 16:00 (UTC+1)***Click HERE to register for the Webinar “Urbanitae up close – Barao Forrester Project” which will be held next Wednesday, March 20 at 12:00 (UTC + 1) along with Álvaro Escrivá de Romaní, CEO of Caler Real Estate Advisory, and Luis Maura and Simao Cruz from Urbanitae.**• Capital gain project in Porto• Ticket: €5,000,000 // Term: 26 – 30 months• Signed fixed lease contract, with a duration of 25 years• The developer, Caler Real Estate Advisory, invests its own capitalWe present a new project: Barao Forrester Project which consists of the acquisition of an asset for renovation and transformation into a complex of 96 tourist apartments (with 3-star hotel standards), rental to an international operator (Numa Group), under a fixed lease contract, and subsequent sale once the asset has been stabilized. The asset is located at Rua Barao Forrester, 730, Porto (Portugal). The asset consists of a registered property and will have, after renovation and transformation, a gross leasable area of 3,253 m².Porto is the second most important city in Portugal, being the capital of the northern region of the country. The city is located at the estuary of the Douro River and the metropolitan area has more than 2 million inhabitants. Its historic center was declared a World Heritage Site in 1996. Porto has many tourist attractions that attract numerous visitors every year. Among them, the Ribeira district, the cellars of the famous Porto wine, the Douro River and its bridges, such as the Ponte Luís I, or the Foz district.The Urbanitae scenario is based on the purchase price agreed with the seller, the construction price estimated by the developer and the contractual data signed with the tenant (NUMA) in March 2024. Regarding the purchase price, the rental price and the divestment price, Urbanitae has internally verified the developer’s business plan (Caler Real Estate Advisory) and, it has contrasted it with an independent appraiser (JLL). The total revenue forecast amounts to €18,464,538, while the estimate of the total costs for the execution of the investment corresponds to €15,379,254.The total profitability of a project is the REVENUE FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. For example, in the Urbanitae scenario, the calculation would be REVENUE FORECAST (€18,464,538) minus EXPENSE FORECAST (€15,379,254) divided by the TOTAL EQUITY (€6,645,000). The result of this quotient multiplied by 100, would be the profitability percentage on the capital contributed in this scenario.”

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• Source: https://www.findcrowdfunding.com/en/view/urbanitae/P000272