Deal details are shown to qualified and professional investors for information only. Target figures are illustrative and not a projection.

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AVAILABLE

RESIDENTIAL · COMPLETION

Manilva · Calle Muro Aguilar

Manilva · Costa del Sol

Deal terms

All figures illustrative — see footnote

34–56%^†

Target ROC

~30%^†

Target IRR

45%^†

Base margin

18–22 mo

Term

€8.0M

Total project cost

€8.0M

Peak capital

€500,000

Minimum ticket

SL SPV · 100% equity

Structure

†Target figure — illustrative and not a projection. Past performance is not indicative of future results. Full model available in the data room.

Section 03 · Thesis

Why this deal.

01
A finished shell — not a bare plot
Shell, roof and façade are already built; the residual work is systems and finishes, not ground-up construction. Short build timeline and a real hard asset backing the entry basis.
02
Empty, no eviction, no debt
The property is vacant, debts are cleared, and the site is enterable from day one. No occupant-risk timeline exposure.
03
The town wants it finished
The council actively wants the eyesore resolved — expected goodwill on permits and construction tax.
04
Studios are the most liquid segment
Compact studios trade at a +15–25% €/m² premium to average town stock. Set at €2,900/m² — in the studio median — for sales pace, not price ceiling.
05
Two exit routes, both costed
Route A — phased unit-by-unit retail sale under bank guarantees (pre-sales fund works from month 4–6). Route B — block sale to a rental operator or fund, valued on cap rate. Both modelled.

Section 04 · Location

Where it sits.

Manilva sits at the western edge of the Costa del Sol, eight minutes by car to the sea. The hilltop old town is undersupplied relative to the coastal new-build strip further west (Estepona-Marbella corridor), and the studio format serves the deepest buyer pool — buy-to-let, holiday and second-home.

Indicative comparables — to be replaced with live market data

Address

€/m²

Sold

Coastal new-builds (Costa del Sol)

€3,500–4,200

H1 2026

Manilva town — average house

€3,071

Apr 2026

Manilva studios (premium segment)

€2,850–3,150

H1 2026

Illustrative — sourced ranges from Idealista and Registro data on final publication, verified per-transaction before the data room opens.

map · static tile

Section 05 · The project

What we're building.

render — massing

render — facade

render — typical unit

Unit mix: ~100 compact studios
GFA: 4,500 m² sellable · 10,081 m² plot (2 adjacent)
Architect: In-house · reconfiguration of existing shell
General contractor: In-house · turnkey €750/m²
Sustainability: EPC target C · standard-package finishes
Delivery: H2 2027

Section 06 · Economics

Sources, uses, and scenarios.

Illustrative capital structure — final quantum set per transaction

Sources

Investor equity

€8.0M

Senior debt

€0 (no debt)

Pre-sale advances (mo. 4–6)

self-funds works partway

Uses

Asset acquisition

€3.5M

Commission · taxes · notary

€0.35M

Completion (turnkey €750/m² × 4,500)

€3.375M

Contingency 12% + design + holding

€0.785M

Exit scenarios — sensitivity across €/m²

Scenario

Exit price

Net profit

ROC^†

Conservative

€2,650/m²

€2.7M

34%

Base

€2,900/m²

€3.6M

45%

Optimistic

€3,150/m²

€4.5M

56%

Scenarios reflect exit-price sensitivity; construction budget, timeline and structure are held constant. Base is the underwriting case.

Section 07 · The developer

Why we can execute.

Sourcing

Off-market and distressed inventory via a decade-old broker and servicer network.

Construction

In-house GC across Spain — no external contractor markup on the critical path.

Permitting

Municipal permit management handled internally, in coordination with local counsel.

Sales

Unit-by-unit retail distribution, private buyer network + broker channel.

Section 08 · Data room

The full model.

Investment Proposal (5 pp)Locked
Asset Legal Due DiligenceLocked
Independent Valuation (tasación)Locked
Turnkey Cost EstimateLocked
Cashflow · Sensitivity ModelLocked
Municipal Permit Path MemoLocked
Exit Strategy ComparablesLocked

Investment memorandum, business plan, sensitivity model, legal DD, independent valuation, and the full cashflow / waterfall — available to qualified investors on request.

Request data-room access

Section 09 · Enquire