The European Investment Bank (EIB) signs agreements with A&G and Urbania Alpha/AEXX Capital to channel €230 million into urban development and sustainable tourism projects in Spain
The European Investment Bank (EIB) has signed two new agreements with A&G and Urbania Alpha (operating under the trade name AEXX Capital) to channel a total of €230 million into new urban development projects—including affordable housing—and sustainable tourism initiatives.
These agreements are made possible by funding from the Autonomous Resilience Fund (FRA), part of Spain’s Recovery, Transformation and Resilience Plan (PRTR) and financed by the NextGeneration EU programme. More specifically, they are carried out under a dedicated EIB instrument that channels financing through financial intermediaries. To date, this mechanism has supported investment agreements in urban development and sustainable tourism projects totalling €640 million.
As with previous agreements signed under this framework, A&G and Urbania Alpha/AEXX Capital will assess investment opportunities across Spain in areas such as affordable housing, education, healthcare, social and cultural infrastructure, sustainable mobility, water and waste management, energy efficiency, and sustainable tourism.
The EIB has allocated €130 million to A&G, which will be deployed through “A&G Real Estate Sustainable Developments, SICC S.A.”. Urbania Alpha/AEXX Capital has been allocated €100 million, to be managed via “AEXX Impact Investments I, SICC S.A.”. Both are regulated investment vehicles created specifically for this initiative. A&G will invest primarily through equity, while Urbania Alpha/AEXX Capital may provide equity, loans, or a combination of both. The maximum investment per project is €22 million, with investment recovery periods of up to 15 years for equity and 20 years for debt. The investment period will run until December 2030.
“With the signing of these two new agreements, the EIB continues to accelerate the deployment of the Autonomous Resilience Fund while boosting investment in urban development, affordable housing, and sustainable tourism in Spain. Public-private partnerships like these, signed today with A&G and Urbania Alpha, are essential to mobilising the capital needed to make housing more accessible, promote environmentally respectful tourism, and adapt our cities to the evolving needs of citizens,”
said Jean-Christophe Laloux, EIB Director General of EU Financing and Advisory Operations.
“These agreements consolidate the roll-out of the EIB’s intermediated instrument under the FRA, extending its reach to new specialised financial intermediaries. This is a significant step in continuing to direct EU funding towards projects with real impact in critical areas like affordable housing, urban regeneration, and sustainable tourism,” added Inés Carpio, Director General of International Financing at the Spanish Treasury.
Alejandro Núñez, Head of Alternative Investments at A&G, commented: “We’re grateful for the trust placed in us by a prestigious investor like the EIB to mobilise a significant portion of the Autonomous Resilience Fund. A&G is well positioned to manage public-private capital to effectively support urban regeneration and sustainable tourism projects in Spain. Over recent years, we have built a highly regarded real estate investment platform in Spain. This mandate allows us to channel key resources toward the promotion of affordable rental housing, while supporting sustainable initiatives and local job creation.”
Alberto López, founding partner of Urbania Alpha/AEXX Capital, said: “This is a pivotal milestone in Urbania Alpha/AEXX Capital’s mission to diversify its investment lines while delivering measurable, positive impact for communities. We are deeply grateful for the EIB’s trust and the tireless efforts of our team—led by Javier Beperet—that made this agreement possible to help address pressing social and environmental challenges through the real estate sector.”
The EIB is the long-term financing institution of the European Union, owned by its member states. Guided by eight core priorities, the EIB finances projects that advance the EU’s strategic goals, including climate and environmental action, digitisation and innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, capital markets union, and strengthening Europe’s global presence.
Together with the European Investment Fund (EIF), the EIB Group signed nearly €89 billion in new financing across more than 900 high-impact projects in 2024, driving European competitiveness and resilience.
All EIB-financed projects comply with the Paris Agreement, as outlined in the Bank’s Climate Roadmap. Nearly 60% of the EIB Group’s annual financing supports climate action and environmental sustainability.
In Spain, the EIB Group signed €12.3 billion in new financing across more than 100 high-impact projects in 2024, contributing to the country’s green and digital transition, economic growth, competitiveness, and improved services for citizens.
High-quality press photos of EIB headquarters are available here.
The FRA was created to facilitate access for Spain’s autonomous communities to NextGeneration EU loans under the PRTR, with the goal of financing investment projects in eight key areas:
The FRA is promoted by the Ministry of Economy, Trade and Enterprise, involves Spain’s autonomous regions and cities in its investment committees, and is managed in strategic partnership with the EIB Group.
Phase one of the FRA includes up to €3.4 billion in financing through:
Founded in 1987, A&G is an independent, leading financial services group with offices in Spain and Luxembourg. As of June 2025, the group’s assets under management (AuM) exceed €15.5 billion. A&G’s alternative investment capabilities focus on real estate, energy transition (including infrastructure assets and growth-stage technology companies), and private equity, managed under the A&G Global Investors brand.
cloud technology axon
Xcalibur Smart Mapping, recognised as the global leader in airborne...
