Description

The investment opportunity consists of financing via Equity (participating directly in the company) the acquisition of two houses in Madrid. Specifically, the property at 6 Maestro Lassalle Street will be refurbished and the property at 19 Torpedero Tucumán Street will be built. These are two assets with a total buildable area of 675m2. Additionally and below ground level, an area of 75^m2 will be developed^to complete a total area of 750 m²

The project consists of the processing of the building permit for the rehabilitation of the building and the processing of the new building permit for the site. Work will begin in the first half of 2026.

The project will be financed through a capital contribution of €3,850,000.

Living Boutique SL, as promoter of this opportunity, provides its own funds in the amount of €750,000, which together with the €3,100,000 requested from wecity investors, make a total amount of €3,850,000 required for the acquisition of the assets. To cover the remaining costs of the project, the funds will be supplemented with bank financing in the amount of €2,000,000, which is currently being negotiated with different banks.

The exit of the investors occurs with the sale of the two houses once the works have been completed and put on the market.

The Project

The house at 6 Maestro Lassalle Street will be rehabilitated and the one at 19 Torpedero Tucumán Street will be built. These are two assets with a total buildable area of 675m2. Additionally and below ground level, an area of 75^m2 will be developed to complete a total area of 750^m2.

Reference images. Not contractual

Location

Maestro Lassalle Street, 6.
19 Torpedero Tucumán Street.

Colonia Albéniz, within the district of Chamartín (Nueva España) in Madrid, is a colony of independent houses transformed into luxury housing with excellent accessibility.

Connected by subway line 9 and several bus lines, it offers easy access to the entire city. This neighborhood combines residential tranquility with modern urban life, standing out for its renovated historic homes, a wide range of services and stores nearby along with a varied gastronomic offer. Its safe environment is ideal for families.

The real estate market in Nueva España is competitive. There is a wide variety of properties ranging from elegant detached single-family homes to apartments in modern buildings around Avenida de Pío XII. This neighborhood and its scarce properties for sale, make this asset a unique opportunity in which to invest.

Its proximity to green spaces such as the Berlin Park and a rich cultural offer, make La Colonia Albéniz an ideal place to live and invest in Madrid.

Economic scenarios

According to CNMV criteria, in addition to the base scenario (favorable) proposed by the developer and which wecity contrasts, in Equity projects, 2 additional scenarios must be published showing potential variations in the business plan.

To calculate the estimated return on equity (ROE) = (I – C) / EQ

_{(1) Estimated income defined by the developer from the sale of the completed project. The sale amount of the project has been verified by an appraisal report carried out by an appraisal company in accordance with Order ECO/805/2003 of March 27, 2003, on valuation standards for real estate and certain rights for certain financial purposes.}

_{(2) Cost estimate: the total costs necessary for the development of the opportunity, the economic resources necessary to complete the construction of the project and the economic resources necessary for the development of the promotion not associated with construction, such as sales commissions, developer’s promotion, bank financing, taxes, etc.}

Compliance with Regulation (EU) 2020/1503 🇪🇺

Risk warning

Investing in this crowdfunding project involves risks, including the risk of partial or total loss of the money invested. Your investment is not covered by the deposit guarantee schemes established in accordance with Directive 2014/49/EU of the European Parliament and of the Council (*). Your investment is not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council (**). You may not get any return on your investment. This is not a savings product and you are advised not to invest more than 10% of your net wealth in crowdfunding projects. You may not be able to sell the investment instruments whenever you want. Even if you can assign them, you could suffer losses.

Pre-contractual cooling-off period for inexperienced investors

Inexperienced investors have a cooling-off period of four (4) days during which they can, at any time, revoke or withdraw, at any time, from their investment offer or expression of interest in the participatory financing offer without having to justify their decision and without incurring a penalty. The cooling-off period begins at the moment when the potential inexperienced investor makes an investment offer or expresses interest and expires four calendar days from that date. To exercise their right of revocation, Investors may send an email to the following address: reclamaciones@wecity.io, filling in the “subject” field of the email as follows: “REVOCATION – Name of the Opportunity – Full name of the Investor”. In the event that a monetary contribution has been made in connection with the financing offer, this amount will be returned as soon as possible to the wallet that, as an investor/user of the ‘WECITY’ Platform, has been opened in the Payment Institution ‘LEMONWAY’.

Credit risk

Credit risk is defined as the loss that may occur in the event of non-payment by the counterparty in a financial transaction. In this specific case, the risk that the Promoter will not pay the principal and/or interest of the Loan.

Sector risk Risks inherent to the specific sector.

These risks may be caused, for example, by a change in macroeconomic circumstances, a reduction in demand in the sector in which the participatory financing project operates and dependencies on other sectors. In any case, the investor must bear in mind that adverse economic conditions or cyclical changes may lead to a weakening of the Promoter’s ability to meet its financial commitments in relation to the loan.

Risk of default

The risk that the project developer may be subject to insolvency proceedings and other events affecting the project or the project developer that result in the loss of the investment for the investors. These risks may be caused by a variety of factors, including, but not limited to: (serious) change in macroeconomic circumstances, mismanagement, lack of experience, fraud, financing not fitting with the corporate purpose, failure in the product launch or lack of liquidity. In the event of the Promoter’s bankruptcy, the holders of the credits will be considered as credits with special privilege, as they are secured by a mortgage guarantee, in accordance with the cataloguing and order of priority of credits established by Royal Legislative Decree 1/2020, of May 5, which approves the revised text of the Bankruptcy Law (hereinafter, the “Bankruptcy Law”), except for those amounts that, in accordance with Article 272 of the Bankruptcy Law, should be classified either as ordinary credit or as subordinated credit, as appropriate.

Risk of lower or delayed return

The risk that the return will be lower than expected or that the project will default on the payment of principal or interest.

Risk of illiquidity of the investment

The risk that investors will not be able to sell their investment. There is no active trading market for the loan, so it is possible that the investor will not be able to find a third party to whom to assign the loan.

Other risks

Risks that are, among others, beyond the control of the project developer, such as political or regulatory risks.