ALTEA HILLS

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THE Project

The Altea Hills project consists of the acquisition of land with a view to developing a residential complex comprising 16 flats and 10 villas in Altea, in the province of Alicante, Spain. The high-standard homes will be designed by Garrido Studio, a renowned architectural practice. All homes will be built to the latest environmental standards in order to achieve BREEAM certification.

The project is accompanied by a unilateral first-rank mortgage security "Hypoteca Unilateral de Seguridad" on the land in Corvera and pledge by Arnor Investments SA of the project developer's shares in favour of the bondholders.

LoCALISATION

Altea Hills, located in Altea on the east coast of Alicante in Spain, is prized for its breathtaking sea views and sunny climate. This fast-growing development offers luxury homes with easy access to beaches, promenades, golf courses and marinas.

Close to Alicante airport and major roads, it attracts many foreign investors. Since the pandemic, transactions over €1.5 million have increased by 25TP17T per year, while remaining competitive with other luxury destinations such as the Costa del Sol or the Balearic Islands.

A modern multi-storey house with large glass windows, stone exterior, outdoor pool and patio, set against a backdrop of tall green trees.

Panoramic view of a coastline with lush green forests, a small promontory stretching out into the blue sea and a partly cloudy sky.

Luxury multi-storey hotel complex built into a hillside surrounded by dense greenery, with balconies on every floor and a clear blue sky in the background.

A modern house built into the hillside with large glass windows, several levels and an outdoor infinity pool overlooking a landscape of trees and distant mountains under a clear blue sky.

A modern multi-storey complex on a hillside with terraced buildings surrounded by trees and featuring large balconies and glass windows, under a clear blue sky.

Modern house with large windows and wooden accents, set on a hillside with stone retaining walls and lush greenery. In the foreground is a swimming pool with two sun loungers. Blue skies above.

Aerial view of a modern residential complex comprising several buildings and green areas, situated on a sloping site surrounded by trees. The complex includes parking areas and driveways.

A hillside complex of modern multi-storey buildings with large glass windows and stone facades, surrounded by lush greenery under a clear blue sky.

Modern multi-storey complex with stone and glass facade, nestling on a hill amidst greenery, with staircases and balconies. Clear skies in the background.

A hillside village with many houses surrounded by dense trees, overlooking a sparkling blue sea under a clear sky.

A hillside planted with shrubs and trees overlooks houses with red-tiled roofs, leading down to a blue ocean under a clear sky.

A modern house with swimming pool is built on a hill surrounded by trees, with houses of a more similar style in the background, all facing a winding road under clear skies.

Aerial view of a modern hillside development, comprising several terraced buildings, detached houses and surrounding greenery.

Entrance to a gated community called "Hills of Atena", with a stone wall, greenery and a curved road leading uphill.

Modern hillside houses with swimming pools, surrounded by trees and greenery, featuring elevated designs and large windows.

Modern multi-storey buildings and houses are set on a wooded hillside, with terraces and solar panels on the roofs. Curved roads link the structures and blend into the natural environment.

View of a coastal town with many houses scattered over the hills, lush greenery in the foreground and a clear blue sea stretching out under a bright sky.

Financing conditions

Duration

0 month

Gross interest rate

0 % per year

Maximum investment

1 €

This project is part of BeeBonds' partnership with the United Fund for Belgium (UFB), a non-profit organisation fighting against social exclusion in Belgium.

BeeBonds will donate a portion of its fees to UFB for each new investor participating in this campaign.

Warning

Promotional communication: investing in a participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Return on investment is not guaranteed. Participatory finance services are not covered by the deposit guarantee scheme established in accordance with Directive 2014/49/EU and that securities or instruments admitted for participatory finance purposes acquired through their participatory finance platform are not covered by the investor compensation scheme established in accordance with Directive 97/9/EC.

Non-sophisticated investors have a pre-contractual cooling-off period of 4 calendar days during which they may withdraw their investment offer at any time. Before investing, please read the key investment information sheet. For individuals resident in Belgium for tax purposes, interest income is subject to a withholding tax of 30%.

Consult the FICI for the Altea Hills project.

Find out more about the project.

Project sponsor

IFG Metal & Mining SA

IFG Metal & Mining SA is part of Arnor Investments, known under its trade name Azur Group. Based in the Grand Duchy of Luxembourg and active in the real estate sector luxury residential development in the Mediterranean basin, the group has completed and delivered 44 projects over the last 40 years. Azur Group has already successfully completed two capital raisings on BeeBonds, namely Panorama and Arenal Beach, the latter being fully repaid.