General Information

  • IRR%: 19.8
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Equity
  • Asset: Residential
  • Investors: 961
  • Start Date: 2019-01-18
  • End Date: 2021-04-30
  • Target: 1.5m EUR
  • Completed: 66.9%

Additional Information

  • Verkkosaarenranta, 00580 Helsinki, Finland
  • Finland

Mr. Hillar-Peeter Luitsalu, an experienced Estonian real estate businessman, has concluded the binding agreement to acquire 90% equity stake in JVM Research OY, a Finnish company owning the construction rights for building up to 22 floating luxury villas in Kalasatama, Helsinki city center.

During Stage I of the project, the developer will design 3-4 types for the floating luxury villas, order and place a fully completed demo villa at the leased exhibition site in the heart of Helsinki, order and place a floating pier and 8 made-to-order villas to their designated locations at Kalasatama harbor.

Noah Villas OÜ is raising EUR 1,500,000 additional capital, in one or more tranches, for completing Stage I of the project.

Crowdestate KSM OÜ is a Special Purpose Vehicle (SPV) established to aggregate Crowdestate’s investors’ investments and acquire 50% equity stake in Noah Villas OÜ. Free cash flow generated by Stage I will be distributed to the investors proportionally to their equity stake in the combination of preferred and variable interest.

Crowdestate’s investors will receive 50% of the free cash flow earned from Stage I of the project. The expected return of this EUR 1,500,000 and 3,5-year investment is appr. 19,8% per annum and the expected investment multiple is ca 1,9x.

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