Aexx Capital funds luxury Palma redevelopment with €55.3m

Alternative investment firm Aexx Capital has committed €55.3 mln in financing to the XO Jonquet project, a redevelopment of the historic Mar i Terra site in El Jonquet, Palma de Mallorca. 

Mar Terra

This luxury residential development, led by XOJAY, will feature 57 residences with panoramic views, spacious interiors, and modern design that complements the area's maritime history. 
Located near Sant Magí Street and the waterfront, this development offers one- to three-bedroom apartments, penthouses, and garden flats. Residents will have amenities including a large private villa, along with landscaped gardens and views, particularly of the sunset over the Maritimo. 
The investment underscores Aexx Capital's belief in the long-term value and appeal of the Spanish residential market, especially in highly desirable locations like Palma.
XO Jonquet represents Aexx Capital’s second collaboration with XOJAY in Mallorca, after providing a loan in May for a residential asset.