The investment management company Evernord has entered a new stage in the development of a prestigious villa project in the Marbella region of Spain. The company has successfully distributed the first stage of the €15 million bond issue for the Cascada De Camojan Developments project, amounting to €8 million. The investments attracted will finance the second part of the purchase of the plot of land acquired in Marbella and the further development of the villa project.
The bonds have a maturity of 2.5 years and an annual interest rate of 8%. The bonds of the Cascada De Camojan Developments project are secured by a first mortgage. This is one of the largest bond issues distributed by Evernord in recent times.
“The project, which started more than a year ago, is gaining momentum. We see investors’ confidence in this project and are pleased to be able to offer them the opportunity to diversify their portfolios geographically, which is particularly relevant at this time. At this stage of capital raising, we have attracted investors from Lithuania, Latvia, and Estonia. The location of the project in the residential area of Marbella is particularly attractive: the supply of plots in the central part of Marbella is very limited, so the demand and potential for high-end housing remains very high,” says Vismantė Šepetienė, director of Evernord FMĮ.
Six luxury villas will be built on the more than 1.2-hectare plot acquired by the Marbella Property Fund, established by Evernord Asset Management. The project envisages individual villas of approximately 1,100 square meters with a swimming pool, terrace, and courtyard.
Evernord is developing the project in Marbella together with its Estonian partners Novira Capital. The implementation of the project is supervised by experienced local partners in Spain – the Marbella real estate brokerage company Solvila, which has already developed more than 150 projects and specializes in the sale of high-end properties.
The architectural competition was won by AMES arquitectos, a local architectural firm specializing in the design of prestigious villas. The company has completed more than 160 projects with both developers and individual clients.
Find out more: https://www.vz.lt/rinkos/2025/08/01/lietuviu-ir-estu-investuotojai-viloms-ispanijoje-obligacijomis-pasiskolino-uz-8-571266