Exited
  • Deadline
    25.12.2020
  • Start of investment period
    15.01.2021
  • Start time
    14.12.2020 11:50
  • Asset class
    Residential
  • Investment type
    Development
  • Investment end date
    30.09.2021
  • Remaining term
    Overdue 1-90 days
  • Expected rate of return
    11.5% p.a.
  • Expected cash yield
    %
  • No of investors
    890
  • Goal
    €500 000

Executive summary

The Via Padre Giuliani 12, Milan, Italy investment opportunity involves the transformation and splitting of an entire 5-floor building of 1,250 m2 used as an office into 20 small and medium-sized apartments (one and two-bedroom apartments), in a rapidly growing residential area of the city ​​of Milan and very well connected to the city centre.

The entire property has balconies on each floor and on both sides, as well as a beautiful internal courtyard that lends itself well to a residential transformation.

The preparatory activities for the change of destination of use have already started. Dyanema Real Estate, the Sponsor company, has already verified that all the conditions are in place to proceed.

The selling price of the properties is very competitive compared to the average market values, approximately 20% more competitive.

Dyanema Real Estate, the sponsoring company of the initiative, offers Crowdestate investors the opportunity to participate in the project by financing a part of the capital necessary to finance the entire project, up to a total of 1,000,000 Euros (maximum LTV of 36 %). The maximum objective of this first funding tranche is 500,000 euros.

The total cost of the project is approximately 2,800,000 Euros and the Sponsor contributes an important share of equity equal to 1,900,000 Euros. Crowdestate will contribute with up to € 1,000,000 through multiple fundraising tranches.

The duration of the investment is expected to be 9 months. The return for investors is 11.5% on an annual basis and the completion date is estimated for September 2021.


Crowdestate

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