Funded
  • Deadline
    31.03.2017
  • Start of investment period
    20.03.2017
  • Start time
    09.03.2017 13:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    20.11.2021
  • Remaining term
    15 months
  • Expected rate of return
    20.46% p.a.
  • Expected cash yield
    %
  • No of investors
    678
  • Goal
    €950 000

Executive summary

The Project, located at Saules Aleja 2A 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 SA2 Ltd, a company founded specifically for the execution of the current Project (hereinafter: Sponsor) will raise 950,000 Euros as the Project equity (50%) 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.

To ensure the successful execution of the Project, Crowdestate has partnered up with Hepsor OÜ, a development company, part of Mitt & Perlebach OÜ, an Estonian main contractor company with vast experience in residential development and construction in Estonia.

The expected duration of the Project is 30 months and the expected return on invested capital (IRR) is 20.46% per annum.

Crowdestate

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