Strelnieku 4B, LV-1010 Riga, Latvia
Boutique residential development in the valued Art Nouveau district
- Start of investment period19.12.2017
- Start time30.11.2017 13:00
- Asset classResidential
- Investment typeDevelopment
- Investment end date30.09.2020
- Remaining term7 months
- Expected rate of return18.55% p.a.
- Expected cash yield%
- No of investors570
- Goal€720 000
The investment opportunity features a project located at Strelnieku 4B in Riga, Latvia. It will include the purchase of a land plot and the construction of a boutique residential building in the Quiet Center of Riga.
SIA Travertino Apartments, a company founded specifically for the execution of the current Project (hereinafter: Sponsor) will raise 720,000 euros as the Project equity (59.5%) 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 up to 32 months and the expected return on invested capital (IRR) is 18.55% per annum.