The reconstruction of former Klausson Candy Factory, located in highly favored Kalamaja district, is another residential development project executed by the Estonian largest residential developer, Endover Real Estate.
The architecturally and historically valuable industrial buildings will be reconstructed into apartments, the low-value Soviet industrial buildings will be demolished and replaced by brand new construction volumes. The current plan foresees the construction of 46 apartments along with underground parking and storage areas.
Endover Real Estate is a well-known Sponsor as Crowdestate’s investors have previously crowdfunded 11 different development projects by Endover Real Estate - 7 of them have already been successfully exited and 4 are in their planned development stage. Endover Real Estate has a long, proven track record as a professional real estate developer and a highly successful sales and marketing organization.
Crowdestate’s investors have an opportunity to crowdfund up to EUR 1,000,000 and participate in the development of Klaussoni residential development.
The investment term is up to 24 months, but depending on the actual sales speed of developed apartments, Endover Real Estate is estimating that the crowdfunded capital will be repaid earlier.
This investment earns a 14,5% annual interest, payable quarterly from the 12th month. The IRR of this investment is 14.85%.
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