The right entry price
Profitability is built in at the point of purchase: we work out the entry price, the works budget and the potential exit price before the deal.
BARCELONA AND THE SURROUNDING AREA ONLY
Barcelona property. Investment from purchase to sale.
Investment from €1,000,000
We source the asset, assess the economics, manage renovation or development and organise the sale. A strategy tailored to your capital and timeframe.
01 / Strategies
Your objectives shape
our strategy.
Choose a strategy to see where its value comes from and what to check before you invest.
01Residential property
Acquire. Renovate. Sell.
Investment from €1,000,000
02Land and permissions
From land potential to a prepared project.
Investment from €1,000,000
03Commercial property
Property, tenant and income-producing asset.
Investment from €1,000,000
04Hotel projects
From concept to an operating hotel.
Investment from €3,000,000
05Residential development
End-to-end apartment building development.
Investment from €10,000,000
Architectural conceptA PROJECT AROUND YOUR BUDGET
A project tailored to your budget.
From €1 million.
Tell us your budget, objectives and timeframe. We will assess a strategy in Barcelona and its surroundings: residential property, commercial assets or land from €1 million; hotels from €3 million; residential development from €10 million.
Project type and scale are determined after preliminary assessment.02 / DNPI CAPITAL
Recognise potential.
See it through to sale.
Market and economics first, then the property. We select the asset, choose the scenario and run the project through to the outcome agreed at the outset.
About DNPIWe look at the property through the eyes of the future buyer: is there demand, and what constraints could get in the way?
Barcelona and the surrounding area
DNPI / ADVANTAGE
The advantage starts with the purchase price.
We work only in Barcelona and the surrounding area. We know the market from the inside, do our own analysis and run our own projects — so every decision is backed by the numbers.
A tailored strategy
We match the participation format and the project itself to your capital, timeframe and objectives — not the other way round.
Our own off-market database
Some properties never reach the public portals. We find them through our own off-market database and contacts.
Proprietary analytical software
Our own software supports property analysis, asset comparisons and evaluation of each transaction’s potential.
Our regular construction contractor
Renovation and construction on our projects are carried out by BCNYARD, SLU, an independent construction company engaged under contract. Working with one trusted contractor makes it easier to control the scope of works, timing and budget.
Our own capital in every project
DNPI Capital funds and delivers projects with its own money before offering an investor a stake. The deal structure and participation model are tested with our own capital and completed projects — we offer investors exactly what we invest in ourselves.
A digital office for investors
An investor who enters a project gets access to a personal digital office on our technology partner 2i.pro’s platform: budget and renovation status are visible in real time, with no waiting for a monthly report, and every figure links back to the source document.
DNPI / TRACK RECORD
Potential, realised.
Two completed DNPI Capital projects: we bought at a price backed by analysis, prepared the asset and sold it for more.
Land with a licenceCompleted · sold
Sitges
We bought a plot in Sitges, obtained the permits and licences, and sold the plot with the licence in place. The whole project took 2 years.
- Purchase
- €509,250
- Permits and licences
- €20,000
- Sale
- €760,000
Profitbefore other expenses€230,750
Apartment · renovation and saleCompleted · sold
Compte de Urgel
We bought an apartment on Compte de Urgel, renovated it and sold it.
- Purchase
- €410,000
- Renovation
- €76,230
- Sale
- €720,000
Profitbefore other expenses€233,770
Data supplied by DNPI Capital. The difference is the sale price less the purchase price and stated costs. Taxes, financing, transaction costs, fees and other potential expenses have not been disclosed or included. This is not net profit or investor return. Past results do not guarantee future performance.
Current project
In progressViladomat
Child psychology clinic · KidiMind
Viladomat is a commercial unit for the KidiMind child psychology clinic in Eixample, Barcelona. The project is in progress.
Eixample · Barcelona368 m²KidiMind · In progress
Offer amount · before taxes and transaction costs€1,400,000
DNPI / Participation model
Shared results. Equal shares of profit.
Project profit is shared equally: 50% to the investor and 50% to DNPI Capital. The agreement sets out which expenses are deducted and how distributable profit is calculated.
50%
Investor
50%
DNPI Capital
Contractual compensation
10%
If the investor return after profit sharing falls below the contractual level of 10%, DNPI Capital pays compensation to the investor from its own fee.
The 10% is the investor’s return over the whole project after the profit split, not an annual rate. With a 50/50 split, it corresponds to a 20% return at project level, calculated on the same basis. The basis for calculating the return, how the 50/50 split is accounted for, and the amount, cap and payment timing of any compensation are set out in each project’s agreement. Compensation paid from DNPI’s fee does not amount to an unconditional guarantee that your capital will be preserved.
Illustrative example: agreed investment base of €500,000 and distributable profit after costs of €100,000 (20%). The investor receives €50,000 (10%) and DNPI €50,000. This is the entire project result before individual recipient taxes, not a forecast for a specific transaction.
DNPI CAPITAL / CATALUNYA
Investment calculator
Resale property in Catalonia. Estimate the economics of buying, renovating and selling.
€
0 €€5,000,000
€
0 €€1,000,000
€
0 €€8,000,000
€42,000
Tax and additional costs
€
0 €€8,000,000
For a 100% property purchase. ITP base is the higher of the price and entered tax value, including the applicable reference value.
€
0 €€1,000,000
Project return 24.07% · Project profit €144,900 · Investor profit share €72,450
Project return
24.07%Project profit€144,900
- Purchase price
- €420,000
- Purchase tax · ITP
- €42,000
- Renovation, including VAT
- €140,000
- Additional costs
- €0
- Selling costs · 3%
- €23,100
- Total costs
- €625,100
- Sale price
- €770,000
Investment before sale€602,000Break-even sale price€620,619
50 / 50
Your result with a 50/50 split
Investor profit share€72,450
DNPI profit share€72,450
Investor profit / pre-sale investment12.03%
Theoretical annual equivalent7.87%
Scenario: the investor funds all pre-sale costs; selling costs are paid from proceeds. Positive profit is split 50/50. With a loss, DNPI remuneration is assumed to be zero and the loss is attributed to investor capital. This is a model, not your contract. Profit taxes and contractual compensation are excluded.
Annual equivalent: (1 + profit / investment)^(12 / months) − 1. A mathematical timeframe comparison, not a promise of repeat returns.
Compare scenarios
Base-case sale€72,450
Sale price 10% lower€35,105
Investor profit share · Project duration, months: 18
Investor tax (estimate)
Investor tax€15,544
Investor profit after tax€56,907
Return after tax9.45%
Progressive IRPF scale on capital gains: 19% up to €6,000, 21% up to €50,000, 23% up to €200,000, 27% up to €300,000, 30% above. Applied to the investor's share as if it were their only savings income for the year — the real rate depends on their other income.
IRPF/IRNR rates · Agencia Tributaria, checked 24.09.2026 ↗Profit = sale − total costs. Return = profit / pre-sale investment × 100%. Project and investor returns use the same base.
Estimate before profit tax and the 50/50 profit split with DNPI. Return is for the entire project, not annualised. The 3% is treated as the total selling cost; add VAT to additional costs if the commission excludes VAT. Notary, registry, finance, holding costs and municipal plusvalía are only included when entered as additional costs.
ITP · Catalunya
General bands: first €600,000 at 10%; next €300,000 at 11%; next €600,000 at 12%; above €1,500,000 at 13%. The 20% rate applies in statutory cases, including large holders and whole residential buildings, subject to exceptions. Reliefs are not applied automatically.
ATC rates · checked 20.09.2026 ↗DNPI / DUE DILIGENCE
What to discuss before committing capital
The review starts with documents. Bring this checklist to your first meeting: which materials are already available depends on the project stage.
Asset and ownership
Title, charges, permitted use and required permissions.
Complete economics
Purchase, tax, works, contingency, holding and sale costs; base and downside scenarios.
Agreement and outcome
Asset ownership, spending approvals, profit split and compensation calculation.
Delivery
Budget versus actuals, completed works, photographs, variances and decisions requiring approval.
View report template
Illustrative template with no invented project results.
Asset and ownership
Title, charges, permitted use and required permissions.
—Complete economics
Purchase, tax, works, contingency, holding and sale costs; base and downside scenarios.
—Agreement and outcome
Asset ownership, spending approvals, profit split and compensation calculation.
—Delivery
Budget versus actuals, completed works, photographs, variances and decisions requiring approval.
—03 / FROM IDEA TO OUTCOME
One project.
Managed as a whole.
DNPI runs the whole project: property selection, design, renovation and sale. We coordinate everyone involved, the paperwork and each stage; the investor can see why each decision was made, what budget has been agreed and what stage the project has reached.
ExploreWe define objectives, timeline and your involvement.
04 / LEGAL COORDINATION
Confidence starts
with the right structure.
We help set up a company for the transaction and organise legal support for investment projects in Barcelona and the surrounding area. At each stage we bring in the specialist that stage requires.
Legal coordination01
Ownership structure and company formation
02
Asset review and contractual work
03
Permissions and specialist coordination
04
Documentation, handover and completion
05 / FAQ
Key questions
What budget do I need to get started?
€1,000,000 is the minimum entry threshold for a single project. From there we tailor the strategy to a specific property: the type of project and its scale become clear once we have discussed your objectives and run a first calculation.
Can I run a project from outside Spain?
Yes. Approvals and reporting can be handled remotely, and you can be represented by power of attorney when transactions are signed. The exact scope and the documents involved are agreed separately.
Who owns the asset?
As a rule, the property is registered directly in the investor’s name (or a structure they designate), so the investor holds title to the asset from day one. Renovation and construction are carried out by an independent contractor under a separate works contract, not by the investor: the contractor is responsible for quality, timing and remedying defects under that contract. The exact structure of each deal is set out in the project documentation.
How do profit sharing and compensation work?
Profit is split 50/50 between the investor and DNPI Capital. If, after the split, the investor has received less than the contractual 10%, DNPI Capital tops up the difference from its own fee; the amount and procedure are set out in the agreement. The calculation basis, the expenses included and the cap on compensation are agreed before the deal. The 10% applies to the whole project, not per year.
Before your first investment decision
12 questions to ask before buying.
A worksheet to compare properties: entry price, full budget, permits, exit scenario and project control. Open, download or save it as a PDF.
Open the checklistDownload HTMLAvailable immediately, no registration. Personalised selection starts with your objectives and budget.
Investor resources
LET’S BUILD VALUE