Investment Brochure — Galicia
A 12-room hostel, ten co-living apartments and a let commercial unit under one roof — on the Camino del Norte, in the centre of Vilalba.
Vilalba · Terra Chá · Lugo
The Opportunity
One working, income-producing building on the pilgrim road to Santiago — bought all-equity, run for cash, held for five to fifteen years.
Edificio Vilalba sits in the centre of Vilalba, in the Terra Chá district of Lugo — a market town on the A-8 motorway and directly on the Camino del Norte. The building combines a 12-room pensión, run as a hostel, with ten self-contained apartments above (nineteen bedrooms in total, one to four bedrooms each) and a ground-floor commercial unit already let to a long-standing local business.
It is a working building today — not a ground-up development. Structured all-equity with no bank debt, investors keep 100% of the income and any gain on exit.
The Building
Nineteen bedrooms of long-let co-living above ten apartments. A twelve-room pensión trading as a hostel for pilgrims, tourists and contractors. A ground-floor commercial unit fully let to a long-standing local tenant.
Three demand pools, one roof — the building is not dependent on a single guest type or a single tenant to perform.
Rooftop outlook · Plaza de la Constitución
"Three income streams, one balance sheet — a small hotel that behaves like a portfolio."
— The Edificio Vilalba thesis
Co-Living Apartments
The upper floors hold ten self-contained apartments, one to four bedrooms each — nineteen bedrooms in total. They target longer-stay tenants drawn to Vilalba's expanding industrial and agricultural base: Lactalis, wind-farm construction crews, and the coming As Pontes energy-transition workforce.
At c. €600 per bed per month, this is the building's steadiest recurring line — and the one with the clearest growth path as regional employment expands.
Furnished one-bed apartment · lounge
The Hostel
Camino traffic network-wide reached a record 530,987 pilgrims in 2025 — up 53% on 2019 — and is still rising into the 2027 Holy Year. Vilalba is a stop directly on the Camino del Norte and its 15th-century Torre dos Andrade, now a Parador, keeps a steady flow of visitors through the town centre.
The Model
A long-let ground-floor unit, fully occupied and already generating rent — the steadiest income line in the building.
Ten apartments, nineteen bedrooms, let to longer-stay workforce tenants at c. €600 per bed per month.
Serving Camino pilgrims, tourists and contractors passing through Vilalba — the income line with the most room to grow.
Acquired all-equity — investors keep 100% of the income and any capital gain on exit.
The Numbers
No jargon — just what it costs, what it is set to pay, and what it hands back per €100,000 share over five years.
| Line | What it means | Figure |
|---|---|---|
| Purchase price | All-equity acquisition of the building | €1.1M |
| Total raised | Purchase, refurbishment, working capital | €1.4M |
| Price per share | 14 shares available | €100,000 |
| Target gross income | Hostel + co-living + commercial, per year | €323,760 |
| Net annual income / share | Cash paid to investors each year | €10,100 · 10.1% |
| Total cash back / share | Income plus sale proceeds over 5 years | ~€194,800 |
A fully-let commercial unit, ten co-living apartments serving Vilalba's growing workforce, and a 12-room hostel on the Camino del Norte together target €323,760 a year in gross income. After running costs and management, that is €10,100 per year for every €100,000 share — and, with the building sold on at the end of year five at a 7% market cap rate, around €194,800 back per share in total.
Long-Term View
| Milestone | What has happened by then | Cumulative income / share | Running total / share |
|---|---|---|---|
| Year 5 | Full stabilised income reached | €46,970 | €46,970 |
| Year 10 | A further five years at full income | €97,470 | €97,470 |
| Year 15 | Building sold — income plus exit | €147,970 | €292,256 |
Holding for 15 years instead of 5 takes the total handed back on a €100,000 share from €194,800 to €292,256. The annualised rate settles at 11.0%, a little below the 5-year figure of 15.0%, simply because ten extra years of steady income are added to a single exit gain rather than compounding it.
"Two demand engines, one town — the pilgrim road and Galicia's fastest-growing industrial corridor."
— Vilalba · Terra Chá · Lugo
Location & Demand
Vilalba is a direct stop on the Camino del Norte — 530,987 pilgrims network-wide in 2025, up 53% on 2019 and rising into the 2027 Holy Year.
The highest-turnover company in Lugo province is based in Vilalba.
Authorised for construction in 2024 across Vilalba, Xermade and Guitiriz — active construction workforce demand.
Up to 7,500 construction jobs projected over six years within a 40 km radius that includes Vilalba.
Thirteen local companies in the province's top 100, with c. €1.2bn combined turnover and 1,251 jobs.
A-8 motorway. ~1 hr A Coruña airport · ~40 min Lugo city · ~45 min Cantabrian coast.
How It Works
Sign a short NDA and receive the full investment memorandum, share structure and historical trading data.
Reserve one or more €100,000 shares. Funds are held in escrow and only drawn once the building is delivered free of tenants.
Stabilised income targets 10.1% per year per share, paid from a fully-let commercial unit, ten co-living apartments and a 12-room hostel.
Next Step
This brochure is an indicative summary. The memorandum sets out the share structure, occupancy assumptions, historical trading data and complete terms.