Mamacrowd announced the success of the Milan G48 real estate equity crowdfunding campaign which in just one week raised €4 million, the maximum objective of the campaign, thanks to 236 investors, setting a new collection record for the real estate sector on the platform.
In general, considering all the real estate projects financed with equity or lending crowdfunding, Milano G48 is positioned among the 10 “richest” projects ever.
Read more about the Milan G48 project and find the most important business news from around the world with our companion app Born2Invest.
The Milan G48 project
Milan G48 is an urban regeneration project that aims to redevelop four industrial buildings in the heart of Milan to transform them into modern accommodation with private parking and gardens covering a total area of 8,400 m2, all while paying strong attention to environmental sustainability and fully respecting of the ESG guidelines.
The project proponent is a company with a 2022 turnover of €73 million and a team of over 50 people. The property covered by the project is already owned by the company, thus ensuring further security for investors.
The investment provides an expected return of up to 15% per year, offering a unique opportunity for campaign supporters to participate in a project that combines social impact, urban regeneration and economic return. The funds raised through crowdfunding will be used to transform the four industrial buildings into modern homes with private gardens and parking spaces, with the aim of improving the quality of life of the inhabitants and encouraging the development of a vibrant and sustainable community in the heart of Milan .
“ This campaign represents an important step in our mission to make real estate investing accessible to all ,” said Davide Grossi, Head of Real Estate at Mamacrowd. “ We are delighted that so many people have decided to support Milano G48, and we are excited to see how this project will help shape the city’s future .”
“ The commitment to creating sustainable and innovative housing solutions in the heart of Milan is a priority for us ,” declared Vittorio Ligresti CEO of G48 srl. “ We are extremely grateful and proud that our vision has been received so positively by investors on Mamacrowd .”
Mamacrowd is the main Italian crowdfunding platform
Managed by SiamoSoci Srl, a company of the Azimut Group, Mamacrowd is the main Italian equity crowdfunding platform for capital raised.
Thanks to Mamacrowd it is possible to become partners of companies (innovative or otherwise) with businesses validated by the market and real estate projects, subjected to careful selection by the Mamacrowd team.
Investors, by joining one or more offers on the Mamacrowd website, can diversify their portfolio by focusing on companies active in the most relevant innovative sectors for the Italian economy and beyond.
Mamacrowd operates according to Consob authorization as a provider of crowdfunding services pursuant to art. 4-sexies.1 of Legislative Decree no. 58/1998 and art. 12 of EU Regulation 2020/1503.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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