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‘Urbanitae’ was created in 2019 and already has more than 200 million euros in project funding. In its first year of activity in Portugal, it aims to achieve a turnover of 20 million euros.

Portugal has a new platform in the real estate market thanks to the entry into our country of the Spanish company Urbanitae. Created in June 2019, it has already financed more than 200 million euros in projects.

In its first year of activity in Portugal, the crowdfunding platform aims to achieve a turnover of 20 million euros in funded projects. The company defines itself as a “meeting point between small and medium-sized investors and the best real estate developers”, where it allows anyone to invest in the real estate sector, with funds starting at 500 euros and without having to worry about bureaucracy and formalities.

Urbanitae specializes in deals between two and five million euros, the maximum allowed by the Spanish National Securities Market Commission (CNVM), and already has more than 70 developers, having carried out more than 120 financing operations, through more than 75,000 investments.

As well as Portugal, France is another market where the platform will be expanding, and it expects to finalize its entry into Italy in the coming months.

Diego Bestard, Urbanitae’s CEO, says that “we want to take advantage of our history in Spain and the success of the model we have consolidated to occupy a relevant position in this market”.

Simão Cruz, Urbanitae’s national director in Portugal, says that “participatory financing is growing rapidly in Portugal. It is increasingly important as a financing alternative for the real estate sector and, at the same time, it is gaining presence among small and medium-sized investors due to its high profitability potential.”

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