Funded
  • Deadline
    31.01.2018
  • Start of investment period
    19.01.2018
  • Start time
    11.01.2018 13:00
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.04.2020
  • Remaining term
    31 days
  • Expected rate of return
    23.26% p.a.
  • Expected cash yield
    %
  • No of investors
    995
  • Goal
    €1 575 000

Executive summary

The Project, located at Roberta Feldmana street 2 and Bremenes street 1A in Riga, Latvia, consists of the acquisition of 2 land plots and 9 partially constructed residential buildings located in very heart of Mezaparks and close to Lake Kisezers. The Project has a valid construction permit.

Crowdestate's investors have an opportunity to invest up to 1.575.000 euros into this Project, to acquire 35% equity stake in the development company and receive the proportional part of project's profits, paid out as variable interest. Investment time horizon is circa 28 months with an estimated net return (IRR) of 23.26% per annum.

Crowdestate

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