It strives to invest in the real estate projects of qualified operators located in Europe alongside Urbanitae, a real estate crowdfunding platform.
This fund, geared towards professional investors, seeks to invest in the real estate projects of qualified operators in Spain.
With a volume of €40 million and a target IRR (Internal Rate of Return) totalling 14% net, the Promourbanitae Fund shall be distributed by Andbank among its private banking customers. This fund, designed to provide solid investment opportunities, has a €100,000 minimum entry ticket and an investment period of two years, which may be extended beyond the initial closing date.
The project selection criteria for the fund focus on key aspects such as low construction/development licence risk, execution efficiency and a high likelihood of sale. Urbanitae, with over €200 million invested in 130 real estate developments in Spain, will play a key role in attracting and evaluating the operations and submitting them to the fund’s investment committee for analysis and approval.
In keeping with the fund’s policy, it is established that, broadly speaking, no more than 10% of the total amount committed shall be invested in a single project, although this threshold may be raised to 15% in some cases.
The Promourbanitae Fund constitutes the continuation of the successful Urbanfund I, with capital close to €20 million, which has successfully invested in over 35 projects since its launch in December 2021, maintaining an expected 14% IRR.
€40 million investment
Minimum ticket
Low construction/development licence risk
Efficient execution and high likelihood of sales
Expected IRR
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