Santa Fe

The plot of 230,000 m2 in Santa Fe is currently classed as rustic land, set between two beautiful pine tree forests which are protected woodland and parceled between 2 plots of land owned by one of the largest developers in Spain, Fadesa. These neighbouring plots of land were licensed late last year for residential purposes for 740 units with an 18-hole Golf Course.

Granada is the fastest expanding city in Andalucia. The population is growing by 4% per annum. There is an immediate need for quality constructed townhouses and villas in the region, with current estimates of a requirement for 5,000 new homes per annum. The targeted end users for this project will be mainly from around the Granada region. The village of Santa Fe is 3km from the site. It is 15km from the centre of Granada, with Granada airport only 3 km away; 45minutes drive from the unspoiled beaches Costa Tropical and 30 minutes from the famous ski resort Sierra Nevada.

The land is owned by a Spanish development company and is free of any charge or debt. It is currently valued at €4.400.000 as rustic land. Once it has been licensed the current value of the land would be €20.000.000. The Development team intends to achieve the rezoning of the land from rustic to urban over a period of no longer than three years. The current boom in relation to the increased requirement for housing, in addition to the strong relationship the Developer has with the local municipality and the fact that the neighbouring lands have recently received urban rezoning makes the team confident that this is achievable in the three year time frame.

Key Features

• A secure investment opportunity in Santa Fe, Spain.
• A maximum investment period of four years.
• Initial investment capital is fully secured.
• Total investment requirement of €3 million.
• Investment return of 30% per annum
• Invested through Crannog Asset Management who will act on behalf of the investor.
• Experienced local team with a track record of bringing lands through the planning process in Spain.
• Preferred investor status where the returns and capital will be repaid before the promoter.
• Favourable Tax structure in place, 23% payable on the Returns.
• Crannog Asset Management's loan will be secured by way of a first charge over the land. Current valuation on the land is €4.400.000.
• Additional security via a Developer guarantee of €500,000.
• Actual valuation of €20,000,000 given on the land if zoned residential today.