Funded
  • Deadline
    19.11.2018
  • Start of investment period
    19.11.2018
  • Start time
    05.11.2018 10:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.11.2020
  • Remaining term
    17 months
  • Expected rate of return
    15.18%
  • Expected cash yield
    %
  • No of investors
    1120
  • Goal
    €1 500 000

Updates

 16/04/2019Lovely update
 08/04/2019Investment opportunity overview, April 2019
 11/01/2019Investment opportunity overview, January 2019

Executive summary

Aurora Nova is a residential development in Haabersti by Endover Kinnisvara, the largest Estonian residential real estate development company. The project is located next to Endover’s previous, successfully completed Aurora Park residential development.

Three residential buildings with 170 apartments will be constructed at 18 Astangu Street, 20 Astangu Street and 1 Jalami Street plot in Haabersti district, Tallinn, Estonia. 

The construction works have been started and the demand for the apartments is very strong - 47% of all apartments have been sold already.

Crowdestate's investors had an opportunity to invest in Endover’s neighbouring Aurora Park development in 2016. As the actual demand for the apartments exceeded all expectations, Crowdestate’s investors were able to exit much earlier than planned with much higher returns than anticipated. Aurora Park’s success would be one of the most prominent arguments for validating the potential demand for such living environments in Haabersti district.

Crowdestate’s investors have previously invested into 12 Endover’s residential development projects - 8 of them have been exited the successfully, the remaining 4 are in various development phases. 

Crowdestate investors have already invested also in Aurora Nova, as Crowdestate members successfully funded EUR 1,500,000 unsecured loan for Aurora Nova OÜ in August 2018.

We are pleased to offer Crowdestate’s investors an opportunity to co-invest in the next funding round of Aurora Nova residential development project. The investment opportunity is limited to EUR 1,500,000 only.

The investment term is up to 24 months with a fixed IRR of 15.2 % per annum. Interest payments occur on a quarterly basis; the first payment is made on 28.02.2019.

Crowdestate

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