Concrete Investing Launches First Income-Generating Operation with a Gruppo Building Campaign

Concrete Investing, a real estate crowdfunding platform specialized in raising capital for investments in projects in areas of primary interest, and Gruppo Building, which has been involved in the design and construction of residential and commercial spaces for over 40 years, with particular attention to the redevelopment of historic buildings, have announced the start of the fundraising for Quadrato.

This is the ancient convent of Sant’Agostino between via delle Orfane and via Santa Chiara in Turin, transformed into a luxury building in 2019 following the restoration and enhancement carried out by the same Gruppo Building.

The real estate crowdfunding campaign on Concrete Investing

Quadrato is the first income offering financed through Concrete Investing. The platform thus expands its offering by offering the possibility of investing in existing and already rented properties and subsequent resale.

For this new operation, Concrete Investing has planned a maximum collection of 3 million euros, with an expected ROI of 32%, an expected annual return of 8% and an expected holding period of 48 months.

The offering raised €500,000 in the first 24 hours after its launch on the equity crowdfunding platform.

The Quadrato project

Quadrato is a 16th century building located in the historic center of the Piedmontese capital, in the heart of the Roman Quadrilateral, which over the years has increasingly developed the residential component with ancient homes that maintain their elegance unchanged over time.

The restoration of the luxury building has brought to light numerous archaeological finds that Gruppo Building has decided to enhance as distinctive elements of the property, considered a true trophy asset for the city of Turin, which today hosts prestigious private residences, representative offices and spaces intended for the secondary sector.

The return on investment

The investment opportunity consists in the purchase of two assets of the structure located in the basement, ground floor and first floor by the company Quadrato Srl, created specifically by Gruppo Building, today rented to two important tenants.

By 2028, their resale to third-party investors, possibly institutional, is expected, assuming on the one hand an increase in the market values ​​of premium properties, on the other a probable reduction in interest rates in the next four years in favor of the forecast exit values.

Thanks to these characteristics, Quadrato does not present any administrative or commercial risks.

Quadrato is the second offering that sees Concrete Investing and Gruppo Building working together after the great success of Gate Central/Colonne di San Lorenzo in Milan, which allowed investors to obtain a 27% return in 27 months (12% per year), higher than the average return of operations that reached exit on the platform.

Comments from the protagonists

“We are very pleased to renew the collaboration with a leading operator such as Gruppo Building after the great results obtained in 2022 with the Gate Central operation, in front of the Colonne di San Lorenzo in Milan. With Quadrato we integrate our offer with income-generating operations, remaining faithful to the criteria that have always guided the selection of Concrete Investing, namely the selection of primary developers, the choice of high-standing assets located in areas of real estate importance,” commented Lorenzo Pedotti, CEO of Concrete Investing .

Piero Boffa , Chairman of Gruppo Building , said:”Quadrato is a project that embodies our philosophy of giving new life to historic buildings by integrating innovative architectural solutions. We are pleased to renew our collaboration with Concrete Investing, after the success of Gate Central in Milan, to offer investors an exclusive opportunity to participate in a real estate operation with competitive potential. It is the first preferential equity operation that we are launching in Turin.”

In almost 5 years of activity, Concrete Investing has financed 32 real estate transactions, with over 63 million in capital raised, more than 4,000 investments managed and 15 exits completed, for a total amount repaid to investors of over 33 million euros and returns higher than traditional markets.

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(Featured image by Fabio Gibin via Unsplash)

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