The real estate developer Nuovit Homes, together with the Spain-based real estate debt fund Stronghold Asset Management, has closed a financing agreement to develop a residential complex of 234 homes in Fuengirola, Málaga, in a transaction valued at €54.5 million.
DC Advisory, the global investment bank of Daiwa Securities, acted as exclusive advisor to Nuovit Homes in a process aligned with the company’s growth strategy in Build-to-Sell residential developments on the Costa del Sol.
In the transaction—which includes the land acquisition and the development of these projects—DC Advisory contributed its expertise in both the real estate sector and in capital structuring and fundraising.
A multidisciplinary team composed of Borja Lería, Managing Director specialized in the real estate sector; Diego Montealegre, Director in the real estate sector; and Pedro Afán de Ribera, Managing Director in charge of Debt Advisory, led this process, known as Project Lakün, strengthening DC Advisory’s capabilities in both areas.
Inmaculada Cobo, CEO of Nuovit Homes: “Working with DC Advisory was essential in securing our financing agreement for the development of Lakün. Their deep industry knowledge, strategic vision, and consistent commitment throughout the entire process made a complex transaction feel seamless. The DC Advisory team not only understood our vision but also navigated challenging negotiations with professionalism and precision. Thanks to their guidance, we have positioned our company for a new phase of sustainable growth.”
Eduardo Richi, Managing Director, Stronghold Asset Management: “This transaction marks an important step in our real estate credit strategy and reinforces our commitment to supporting quality residential developments in Spain and Portugal. These are markets with growing and sustained demand, and we are pleased to contribute to their dynamism by financing initiatives that generate real value for the region. With transactions like this one, we consolidate an investment portfolio that now exceeds €800 million in financing solutions across the Iberian Peninsula, reaffirming our long-term commitment to the sector.”
Borja Lería, Managing Director at DC Advisory: “We are proud to have advised Nuovit Homes on securing this key financing agreement with Stronghold. The transaction reflects Nuovit’s strong vision for delivering sustainable, high-quality housing and demonstrates the confidence that financial partners like Stronghold place in its strategy and execution. Stronghold’s deep understanding of Nuovit's objectives and its proactive approach were decisive in designing a tailored financing solution that aligns with the company’s growth ambitions. It has been a pleasure working closely with both teams to make this important collaboration a reality and to continue supporting the development of exceptional real estate projects.”
DC Advisory is an international investment bank committed to making a difference. As part of the Daiwa Securities Group, it has more than 750 professionals across 24 locations in Asia, Europe and the U.S. Through 11 sector-focused teams, the firm provides independent and customized advice in M&A, debt financing and restructurings, private capital markets, secondary advisory, and unparalleled access to investment insight in Asia. For more information, please visit DC Advisory.
Nuovit Homes is a developer specialized in Build-to-Sell residential projects in Málaga and the Costa del Sol. Since 2014, it has developed more than 380,000 m², establishing itself as a benchmark in efficient and sustainable housing projects. The company is committed to architectural quality, innovation, and energy efficiency, delivering developments with A ratings and standards such as BREEAM, creating modern and responsible living spaces. For more information, please visit Nuovit.
Stronghold Asset Management is a real estate financing and asset management platform that provides tailored credit solutions for investors in Spain and Portugal. Backed by institutional investors and family offices, Stronghold AM has originated more than €800 million in real estate credit opportunities since 2019. For more information, please visit Stronghold.
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