Briezu iela 7a, Riga, LV-1034 Latvia
Attractively priced apartment building in Riga
- Start of investment period23.08.2016
- Start time19.08.2016 07:00
- Asset classResidential
- Investment typeDevelopment
- Investment end date22.08.2018
- Remaining termOverdue 90+ days
- Expected rate of return15% p.a.
- Expected cash yield%
- No of investors422
- Goal€750 000
The construction of Briezu 7A apartment building started at the peak of the real-estate boom in 2006. 2008 market crash stopped the construction activities and eventually the project changed ownership. The Sponsor acquired this development project from Swedbank’s Latvia real-estate unit 3 years ago. Crowdestate investors have the opportunity to fund the construction of this building in the amount of 750 000 EUR.
The investment term of the project is up to 24 months with the expected interest rate of 15% per annum.