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Grupo Villar Mir Opts for Alternative Financing for its Property Developer Inmobiliaria Espacio

The new property will comprise 63 two- and three-bedroom homes in Denia, with an average price per unit of 240,000 euros.

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Bank loans, bond issues and now also alternative financing. Property developers are expanding their sources of financial resources to take advantage of the boom in new housing in Spain. In this vein, many property developers – first, the smaller ones, but now also the large ones – have opted for this formula.

Such is the case of Inmobiliaria Espacio, the residential property developer owned by Grupo Villar Mir. The company has turned to the Urbanitae real estate crowdfunding platform, which launched a campaign to raise 4.66 million euros to finance a new project by Inmobiliaria Espacio.

Read the full article in Spanish.

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