Project Escaldes

The opportunity

Asset overview

This project in Escaldes-Engordany is a landmark luxury residential development in the heart of the parish. The project comprises 24 penthouses and 6 sky-villas across two connected towers, each unit benefiting from full-height glazing, private terraces, and views over the river to the Pyrenees. Building amenities include a concierge service, private gym, indoor pool, treatment rooms, and a residents' lounge. The pure equity structure gives investors uncapped upside on project profits at exit.

Why invest

Investment thesis

The high end of the Andorran residential market — €15k+ per square metre prime — has structurally limited supply and growing international demand. Active-residency permits and the country's tax framework continue to attract ultra-HNW relocations from across Europe. A landmark branded scheme at this scale and quality has no comparable competitor in the current pipeline. The pure equity structure is designed for institutional and family-office investors who want concentrated exposure to the top of the market.

Deal strengths

Why this deal

• Landmark scale and positioning with no comparable competitor in the pipeline
• Central Escaldes-Engordany — Andorra's prime residential district
• 24 penthouses + 6 sky-villas with full amenity programme
• Pure equity participation — uncapped upside on project profits
• Targeted at ultra-HNW relocations driven by tax and active-residency framework
• Branded service offering supports long-term resale and rental values

Capital deployment

Use of funds

Timeline

Project milestones

Liquidity

Exit strategy

Primary exit is individual unit sales during the final 18 months of construction and the 24 months following completion. A bulk sale of remaining inventory to a family office or institutional buyer is retained as a fallback. Sponsor distributes profits to equity holders pro-rata after senior debt repayment.

Compliance & structure. Investment is made via an Andorran SPV with Equity Partners as asset manager. Given the ticket sizes, all investors are processed under the professional / qualified investor framework, with full KYC, AML, and source-of-funds checks handled by Equity Partners prior to capital call.