- Strategically Attractive Location: The project is located in a quiet, green part of the Horta Guinardó district, just a few minutes from Barcelona city centre and Collserola Natural Park. The district is characterised by a limited supply of new developments and growing demand, giving this location strong long-term investment potential.
- Construction Progress: Currently, 44,48 % of construction works have been completed, compared to 19,29 % recorded during the previous financing stage. Excavation works have already been completed, and foundation works are currently underway. Due to challenging geological conditions and extremely hard rock discovered in deeper soil layers, the construction schedule is approximately three months behind. Despite these challenges, construction works are ongoing, with project completion planned for October 2027.
- Additional Security: As additional security to protect investors' interests, the company's shares and project bank accounts are pledged, providing an opportunity to realise the assets more efficiently if necessary.
Interest Rates Based on Investment Amount:
– From 100 EUR to 349 EUR – 9.50%
– From 350 EUR to 749 EUR – 9.70%
– From 750 EUR to 2 999 EUR – 9.90%
– From 3 000 EUR to 6 999 EUR – 10.10%
– From 7 000 EUR – 10.40%
Important: Separate investments are not aggregated and cannot be combined.
About the Project:
The developer continues the development of the "Edificio Arenys" residential apartment project in Barcelona's Horta Guinardó district. The project will consist of two contemporary buildings connected by a central communal area. A total of 13 residential units of various types are planned, including 1–4 bedroom apartments, top-floor apartments with private terraces, and ground-floor apartments with private outdoor spaces.
The complex will also include 16 parking spaces and 13 storage rooms. Each residential unit is designed to maximise natural light and create functional, comfortable living spaces. The terraces will allow residents to enjoy views of the Collserola mountains and a high quality of life.
Market Context and Sales Progress:
"Edificio Arenys" is being developed in one of Barcelona's attractive residential districts, Horta Guinardó, where the supply of newly built housing is limited. The district benefits from convenient transport connections, well-developed infrastructure, and proximity to nature, making it attractive to both local and international buyers.
According to data from the previous financing stage, 3 out of 13 apartments (23 %) had been sold, with deposits received. Apartment sales are expected to continue throughout the construction period. The average planned selling price of the apartments is 4 122 EUR/m², while prices for comparable properties in the area range from 4 357 to 5 086 EUR/m². This pricing strategy provides the project with a competitive advantage and enhances its commercial attractiveness.
Construction Progress:
Currently, construction progress stands at 44,48 %, compared to 19,29 % recorded during the previous financing stage. Therefore, construction progress has increased by 25,19 percentage points since the previous stage. During the project's development, challenging geological conditions were encountered – extremely hard rock was discovered in deeper soil layers, complicating and slowing down excavation and foundation works. As a result, the construction schedule is approximately three months behind, and the planned project completion date has been postponed to 27 October 2027.
Despite these technical challenges, construction works are continuing. Excavation works have already been completed, and foundation works are currently underway. With the challenging excavation phase completed, work is progressing on the building structures, laying the groundwork for subsequent construction stages.
Loan Information:
The primary source of loan repayment will be final payments from buyers of the sold residential units. Additionally, the company's shares and bank accounts are pledged as security, providing an opportunity to realise the assets more quickly if necessary.
Maximum planned project financing amount: 2,800,000 EUR (Already raised 1,910,000 EUR). The project loan agreement is scheduled to end on 2028-01-06. Funds for the project may be raised in stages, and during this financing stage, funds are being raised for a period of 5 months. Upon expiry of this stage, funds may be raised again to extend the financing. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value ratio (LTV) is reached. Once the maximum LTV ratio is reached, subsequent LTV calculations will be based on construction progress certificates approved by an architect, together with updated external property valuations.
We aim to raise the target amount within 7 days, with the possibility of extending the fundraising period to 30 days if the target amount is not reached.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Profitus operates with Lemonway, a regulated payment service provider.
