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- Construction has reached 20% in progress: Construction of the Künka Stockoffice is advancing steadily. The foundations are fully completed, and construction is 20% complete.
- The developer has already invested his own capital: This includes the land purchase in 2021 and the foundation construction with communications. The total owner participation to date is EUR 148 740 + VAT which is 71% of the current stage total.
- High future value based on Real Estate evaluation: The future value of the completed Künka Stockoffice is projected to be EUR 836 000 (excluding VAT), with an estimated value of EUR 940 000 after five years. This reflects the strong potential for a significant return on investment.
- The project's unique positioning and strategically relevant location ensures high market demand and minimal competition: There is a low supply of modern stock offices in the area, making the Künka Stockoffice an attractive option for potential tenants.
- The project is designed to remain profitable in changing market conditions: Even if construction costs increase, ensuring positive cash flow. This flexibility enhances the project's financial resilience.
Project Rating (Project Loss Risk): A. This rating is consistent with the previous project rating of B-.
About the project owner:
Thörn Properties OÜ specializes in construction of residential and non-residential buildings. The developer has over 14 years of experience and has successfully completed 8 Real Estate development projects, over 6 175 m² in total, since 2013 in the same region.
Project objective:
The project owner is constructing a commercial rental property called Künka Stockoffice. The project consists of the development of two floors with a total rental area of 1 042.2 m². The building will comprise 5 separate units, each with a separate sales hall (44 m²), a warehouse (137 m²) and a toilet (1,6 m²). 3 of the leased units will feature an additional 42 m² room on the upper floor. The project is ideal for medium-sized manufacturing companies and investors seeking rental premises.
The project benefits from well-developed infrastructure, including present communications and necessary construction permits. The Künka Stockoffice is strategically situated conveniently between the Paldiski commercial port and Tallinn, just 18 km from Tallinn city center, and close to Keila, Saue, and the main Tallinn-Riga highway. This prime location offers excellent connectivity for medium-sized manufacturing companies and investors.
Project progress:
The project started in 2021 when the project owner bought the land. Since the start of the project, the owner has obtained a building permit and built the foundations and utilities at his own expense. Repayment of the loan is expected at the end of the project's term, and once the construction of the project has been completed and the lease agreements have been concluded, the project will be refinanced with a long-term loan from another credit institution.
The maximum financed amount: EUR 600 000. The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio LTV of 65%. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.
Interest by investment amount:
– From 100 EUR to 249 EUR – 9.20%
– From 250 EUR to 499 EUR – 9.50%
– From 500 EUR to 1 499 EUR – 9.80%
– From 1500 EUR to 4 999 EUR – 10.10%
– From 5 000 EUR to 9 999 EUR – 10.40%
– From 10 000 EUR – 10.70%
Important: investments made separately are not accumulated.
We plan to collect the target amount within 7 days with the possibility to extend it to 30 days if the target is not reached.
About the Profitus
Profitus est une plateforme de crowdfunding et d’investissement avec un investissement minimum de 100 euros. Les investissements Profitus sont garantis par des hypothèques immobilières. Votre investissement est sécurisé par une première ou une deuxième hypothèque sur la propriété, ainsi que par d’autres garanties (par exemple, une caution ou une garantie). Les transactions sont gérées par Lemonway, un fournisseur de services de paiement réglementé.
Profitus est une plateforme de crowdfunding et d’investissement dont le principal objectif est de rendre l’investissement accessible à tous. Les investissements commencent à 100 euros, et la plateforme est ouverte 24/7. Les investissements sont garantis par la mise en gage de biens immobiliers et d’autres garanties (par exemple, une indemnité ou une garantie). Différents projets ont différents outils de sécurité auxquels les utilisateurs peuvent accéder en libre-service pour chaque projet.
Profitus consulte la Banque de Lituanie afin d’assurer une conformité parfaite avec la loi. Profitus fonctionne avec Lemonway, un fournisseur de services de paiement réglementé.
