Balozu 7, LV-1048, Riga
Boutique residential development in Agenskalns
- Start of investment period21.03.2017
- Start time20.03.2017 13:00
- Asset classResidential
- Investment typeDevelopment
- Investment end date30.09.2020
- Remaining term12 days
- Expected rate of return21.2% p.a.
- Expected cash yield%
- No of investors434
- Goal€400 000
The Project, located at Balozu 7 in Riga, Latvia, will include the purchase of a land plot and the construction of a residential building next to a park and a beautiful pond in the highly sought after Agenskalns neighborhood.
Crowdestate BAL7 Ltd, a company founded specifically for the execution of the current Project (hereinafter: Sponsor) will raise 400,000 Euros as the Project equity (61%) via Crowdestate platform. The remaining equity will be reserved for the professional developer. Project's full net profit will be distributed between the investors in the form of Variable Interest.
The expected duration of the Project is 27 months and the expected return on invested capital (IRR) is 21.2% per annum.