Within the framework of the current development project, Crowdestate TST 16 Ltd, a SPV established by Crowdestate, acquires a land plot at 16 Tööstuse street, Tallinn, Estonia (the Project) and erects a small apartment building there. To ensure the successful execution of the Project, a project management agreement has been signed with Paasik Ltd, a company with an excellent track record in the field.
Crowdestate TST 16 Ltd, a company founded specifically for the execution of the current Project (hereinafter: Sponsor) will raise 300,000 Euros as the Project equity (100%) via Crowdestate platform. Project's full net profit will be distributed between the investors in the form of Variable Interest.
The expected duration of the Project is approximately 21 months and the expected return on invested capital (IRR) is 18.2% p.a. (Base Scenario).
Project offered by