The promoter of this project is KAI HOMES, a company that promotes real estate assets in the luxury and super-luxury housing market. They have more than 10 years of experience in managing real estate and promotion projects, where they collaborate with architects and interior design teams. The group stands out for its experience in super-luxury construction and architecture, and for its direct control on site.

The developer has previously collaborated with Urbanitae on a project in the same area, called Madrid | La Moraleja.

The project has a capital gains strategy, which consists of the alliance with the developer for the acquisition and completion of the home in La Moraleja (Alcobendas).

The contributions of the Urbanitae investors will be delivered to the promoter via a capital increase to the vehicle company that will bring together all the contributions of the Urbanitae investors in the project: CALIMANI PROPERTIES 1, S.L. Said company will subsequently increase capital in the project promoter company, BASTOMBO INVESTMENTS, S.L., which is duly constituted and registered.

The developer is the owner of the home on which the project will be developed, having paid 38% of the price. For the remainder of the deferred payment, the developer plans to use investor funds raised through this financing campaign.

The project has a valid construction license, with 20% of execution pending according to the initial project. Improvements are proposed in the project, which involve modifying the current license, which will be managed during the course of the work, so it will not mean a stoppage of the works that are already underway.

The contribution of Urbanitae investors will be used to complete the acquisition of the home and to support the start-up costs of the project, until external financing is obtained (which will make it possible to cover the rest of the payment for the work).

The operation will be structured via a capital increase, where both the promoter and the investors of Urbanitae will make a capital contribution to the company that is carrying out the operation. Said vehicle company plans to resort to financing to finance part of what remains pending to be executed in terms of work. The corresponding contribution to Urbanitae investors will be equivalent to €4,100,000.

The promoter will be dedicated to the comprehensive management of the promotion. Regarding capital contributions, it has partners who accompany it by financing its contribution.

According to the criteria of the CNMV, in addition to the base (favorable) scenario proposed by the promoter and that we contrast from Urbanitae, in Equity projects 2 additional scenarios must be published that show potential variations in the business plan.

1. FAVORABLE

The base, or favorable, scenario contemplates the estimates of income and expenses proposed by the developer, verified by Urbanitae, and contrasted by the Tecnitasa valuation report. In this project, the total income forecast amounts to €12,000,000, while the estimate of the total costs for the execution of the promotion corresponds to €9,313,291.

2. MODERATE

The moderate scenario contemplates an upward deviation in the construction costs estimated by the developer and a downward deviation in the considered sales prices. Total costs of €8,740,398 and income of €9,600,000 have been considered.

3. UNFAVORABLE

The unfavorable scenario contemplates an increase in construction costs and a drop in sales prices large enough to obtain a negative result, with partial loss of the capital contributed. In this project, an increase in construction costs corresponding to 20% and a reduction in sales prices equivalent to 35% has been considered, which would mean a total income of €7,800,000 and total costs of €8,525. €000 (reduced compared to the favorable and moderate scenarios since the payment of Corporate Tax is avoided due to incurring losses).

According to the supervisor's criteria, participatory financing platforms should not communicate the estimated profitability of an Equity project. The total profitability of a project is the REVENUE FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. As an example, in the FAVORABLE scenario, the calculation would be REVENUE FORECAST (€12,000,000) minus EXPENSE FORECAST (€9,313,291) divided by total Equity (€6,250,000). The result of this quotient multiplied by 100 will represent the percentage of profitability on the capital contributed in this scenario.

The forecasts are mere estimates, and are subject to variations that may arise from the economic, social or other situation throughout the duration of the project.