Aurora Nova is a 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 - 51% of all apartments have been sold already.
Crowdestate investors have already invested in Aurora Nova, as Crowdestate members have successfully funded Aurora Nova development project in amount of EUR 2,500,000 in total in form of unsecured loan.
Also, Crowdestate's investors had an opportunity to invest in Endover’s neighbouring Aurora Park development in 2016. As the actual demand for the apartments exceeded all expectations, Crowdestate’s investors were able to exit much earlier than planned with much higher returns than anticipated. 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.
We are pleased to offer Crowdestate’s investors an opportunity to co-invest in the next funding round of Aurora Nova residential development project. The investment opportunity is limited to EUR 500,000 only.
The investment term is up to 22 months with a fixed IRR of 14,8 % per annum. Interest payments occur on a quarterly basis; the first payment is made on 31.05.2019.
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