Concrete Investing, a real estate equity crowdfunding platform, has shared its growth data showing significant consolidation. While the platform had raised €9 million in 2021, the amount doubled in 2022, thanks to more than €18 million raised.
At the end of 2022, Concrete Investing’s total collection – launched in early 2019 – reaches €46 million in favor of 24 real estate transactions. There are more than 3,000 registered investments and the average investment ticket is about €15,000, more than four times the average of the reference market. There are 6 exits made so far with the liquidation of a total of €9 million and an average final IRR of 10.39%.
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The new exits
With the exercise of the right to sell (put option) several investors in the Park Towers, Milan offering have realized the exit with a definitive IRR of 10% and a definitive ROI of 21% (definitive holding period of 24 months). September also saw the exit from the Colonne San Lorenzo, Milan project. The nearly 200 investors involved realized a final IRR of 11% and a final ROI of 27% (final holding period of 27 months).
Successful collections: the primacy in Milan
Giannone 2, Milan represents the largest Italian real estate equity crowdfunding raise for a real estate project in the city of Milan. The offering raised €4 million from more than 250 investors including private and professional savers.
The other offerings located in Milan that successfully overfunded (exceeding the minimum target set) were: Pasinetti 4-8 for €2.7 million Gentile Bellini 8 for €2.29 million MILO22 for €1.98 million, Cascina Gerola, Bronzino 13, Talea and Capecelatro 6 in the amount of €1.5 million each. These offerings saw the total participation of more than 1,000 investors.
Concrete Investing portfolio diversification
Golfo Aranci, Sardinia was the first real estate transaction outside the borders of Lombardy. The prestigious setting, the market trend and international interest in the geographic area (Costa Smeralda), and the experience of the proponents (including Marco Grillo, CEO of AbitareIn) were decisive elements for the success of the collection. For investors, it represented an opportunity to diversify the real estate investment portfolio, complementing the allocation on the Milan operations.
The new reporting of Concrete Investing
Not just new investments and record collections. 2022 saw the debut of the Concrete Investing Report, a new reporting tool dedicated to clients and investors that offers the possibility to monitor the six-monthly performance not only of their investments but of all transactions financed on the platform.
An opportunity to have broad visibility of the real estate market enhanced by analysis from the industry’s most recognized observers. Participating in the first two editions of the report were Pierfrancesco Maran, Councillor for Housing and Neighborhood Plan of the Municipality of Milan and former delegate for urban planning; Regina De Albertis, President Assimpredil Ance; and Andrea Ciaramella, professor at the ABC department of the Milan Polytechnic and one of the founders of the Italian Proptech Network.
Real estate partners
The network of partnerships has further expanded, with new real estate developers choosing Concrete Investing as their financial partner and others renewing their trust in the equity crowdfunding tool.
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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