Concrete Investing Closes 2024 with Five New Projects funded and exits for 16.5 million

Concrete Investing, a historic real estate equity crowdfunding platform, has successfully concluded its latest fundraising round launched in 2024 with the Benadir 14 operation , the redevelopment of a building in the Cimiano area of ​​Milan which will be converted into a modern residential complex.

Benadir 14 and other projects funded in 2024 via Concrete Investing

For this new operation, Concrete Investing has raised €1.7 million, with an expected ROI of 26% and an expected annual ROI of 13%, with an expected holding period of 24 months.

During 2024, the platform helped finance four more projects for almost 7 million, thus reaching 8.7 million with Benadir.

In six years of activity, Concrete Investing has financed 35 real estate transactions, with over 67 million in capital raised and more than 4,200 investments managed. The 17 exits made, for a total amount repaid to investors of over 36.5 million euros, recorded a median ROI of 19.5% and an average annualized ROI of 10.6%.

Benadir 14 will be built a few meters from the “Cimiano” metro stop, between the Turro and Crescenzago neighborhoods that overlook the large green lung of Parco Lambro.

The building, used for the last 30 years for commercial and production activities, and now abandoned, will be redeveloped to accommodate 20 residential units including two-room and three-room apartments, for a commercial surface area of ​​over 1,300 m2.

Concrete Investing: Exit in 2024 for 16.5 million

In 2024, Concrete Investing also remunerated its investors, in line with the satisfactory performances of previous years, with 6 new exits achieved – two of which, MILO22 and Vasari 3 , achieved at the end of the year – and the liquidation of over 500 investments for a total of 16.5 million euros.

In detail:

Washington Building, a residential building on the iconic site of the former Borletti factory, in the elegant area near Piazza Piemonte in Milan and comprising approximately 100 residential units, including prestigious penthouses and refined urban villas (final ROI 31.9%; final ROI/year 9.1%; final holding period 40 months);

Bronzino 13, a renovation project involving a 6-storey residential building located in the heart of the Città Studi district, near the Milan Polytechnic. The project involves the construction of approximately 13 apartments of various types and sizes (final ROI 17%; final ROI/year 11.33%; final holding period 18 months);

Talea, a residential building in via Privata Martino Lutero 5 in Milan, developed by Impresa Rusconi based on a design by Beretta Associati (final ROI 17.43%; final ROI/year 11.62%; final holding period 18 months);

Anfiteatro 7, construction of a prestigious property located in the heart of the Brera district in Milan, developed by Impresa Rusconi. The project involves the construction of 27 residential units, a commercial space and 14 garages (ROI 9.78%; ROI/year 8.4%; holding period 14 months);
Vasari 3 , FCMA residential development in the Porta Romana area of ​​Milan (final ROI 25%; final ROI/year 6.25%; final holding period 48 months);

MILO22, a luxury residential development operation close to the CityLife district in Milan (final ROI 20.90%; final ROI/year 10.9%; final holding period 22 months).

Comments from CEO Lorenzo Pedotti: “A year has come to an end in which, in the face of changing market conditions, we have pursued two objectives: achieving concrete results and maintaining the quality of our offering,” commented Lorenzo Pedotti , CEO of Concrete Investing.

“The significant proportion between the capital raised in recent years and that already liquidated through the exits carried out – continues Pedotti – allows us to continue to be appreciated as a strategic tool for portfolio diversification. At the same time, we have remained faithful to an offer characterized by structured operations in primary markets and by protection mechanisms for the benefit of investors: the continuous expansion of the group of interested investors is the most important recognition.”

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(Featured image by geralt via Pixabay)

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