Funded
  • Deadline
    28.08.2018
  • Start of investment period
    27.08.2018
  • Start time
    21.08.2018 09:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.09.2020
  • Remaining term
    9 months
  • Expected rate of return
    15.1% p.a.
  • Expected cash yield
    %
  • No of investors
    1108
  • Goal
    €1 500 000

Executive summary

Aurora Nova is a new 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 - 35% of all apartments have been sold already.

Crowdestate's investors have invested into Endover’s Aurora Park development in 2016. As the actual demand for the apartments exceeded all original expectations, Crowdestate’s investors were able to exit much earlier than planned with much higher returns than planned. 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. Endover is the largest residential development company in Estonia and has a proven long-term track record of professional developer and effective marketing and sales organization.

We are pleased to offer Crowdestate’s investors an opportunity to co-invest into the 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 15.1 % per annum. The interest payments start from 6th month, the interest payments occur on a quarterly basis.

Crowdestate

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