The real estate panorama of the Italian Riviera has recently witnessed the emergence of a cutting-edge project financing initiative in the tourist destination of Ospedaletti, with the crucial participation of Valida in the presentation of the feasibility study and socio-economic development proposal to the local Township.

The proposal has been submitted to the Municipality of Ospedaletti by Ospedaletti Lands, an affiliate of Monaco-based Aura Capital. It revolves around an ambitious plan for the renovation and management of the seaside "Byblos" complex, aiming to enhance the tourism offerings in the area while also prioritizing the quality of life for residents. The total investment for the project is estimated to be around Euro 40 million.

Instead of buying up the property as originally planned, Aura Capital adjusted the strategy towards project financing management, plus the acquisition of adjacent plots of land for development from Area24. Retaining the "Byblos" main structure as communal heritage, played a central role in the project's transformation.

In this context, Valida has asserted itself as a crucial player in the project, helping Aura Capital with navigating the steps to the legal tender and preparing the financing proposal based on its advisory expertise in the corporate finance and real estate sectors.

The project serves as an example of how project financing can help foster innovation in the development of private-public partnerships, creating synergies that can stimulate the interest of real estate investors, especially in premium settings such as Ospedaletti, and potentially open up new opportunities in an ever-evolving sector.