Crowdfunding
UpsideTown Launches Its First Real Estate Crowdfunding Campaign
The promoter of the campaign is Immoveo Alphacrowd Srl, a newco established to promote real estate initiatives throughout Italy, with a specific focus on the city of Rome, to be financed through the UpsideTown platform. UpsideTown is an independent fintech company with a focus on crowd-investing initiatives in the real estate and green energy sectors.
UpsideTown, a new real estate equity crowdfunding platform, launches its first campaign for the development and fractionation of two residential properties in as many areas of Rome.
Read more about UpsideTown and find other important business news with the Born2Invest mobile app.
The two real estate projects
The two interventions will finance part of the costs necessary for the purchase, valorization, and fractional sale of two properties, one of which is located in Via Palestro, in the very central Castro Pretorio district, and the other in Via Monterosi in Collina Fleming.
Each intervention will give rise to 3 apartments, with variable sizes and square footage, targeting the specific housing needs of single workers, young couples, and families with children.
The campaign has a maximum target of €650,000, with a minimum ticket of €1,000: the expected holding period is 10 months, with an expected annual gross yield of 14.67%.
The proponent of the crowdfunding campaign launched on UpsideTown
The promoter of the campaign is Immoveo Alphacrowd Srl, a newco established to promote real estate initiatives throughout Italy, with a specific focus on the city of Rome, to be financed through the UpsideTown platform.
The company is headed by Immoveo Srl, a proptech with a deep knowledge of the capital market and a particular focus on sustainability issues in the real estate supply chain.
The redevelopment will involve energy efficiency and a drastic reduction of consumption, with the goal of raising the energy class from the current “G” to at least “C,” also resorting to the use of new generation systems and home automation.
UpsideTown is preparing to launch additional initiatives on the platform in the coming weeks, both in real estate and renewables, flanking the selection of opportunities for retail customers with specific offers for professional investors.
The new UpsideTown platform
UpsideTown is an independent fintech company with a focus on crowd-investing initiatives in the real estate and green energy sectors. The brainchild of a team of professionals with long-standing expertise, the company is owned by PRAXI SpA.
It proposes an innovative business model, in which, in order to ensure the accuracy of analysis, human intervention is complemented by digital process, based on big data analysis and artificial intelligence.
The company says investment targets will range across various profiles and asset classes, with a constant focus on sustainability and social responsibility issues.
So the projects presented on the platform will range from residential to the hotel segment, from student housing to senior housing, and from retail to logistics, with a special focus on the green energy segment.
__
(Featured image by ChaoTechin via Pixabay)
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Crowdfunding2 weeks ago
Nuvola Zero Launches an Equity Crowdfunding to Raise 1.5 Million Euros on Mamacrowd
-
Crowdfunding7 days ago
The Third Edition of Funds TOgether, UniTo’s Crowdfunding Initiative, Is Underway
-
Cannabis2 weeks ago
The Czech Ministry of Justice Proposes Legalizing the Cultivation of 3 Cannabis Plants for Personal Use
-
Crowdfunding5 days ago
Concrete Investing Launches First Income-Generating Operation with a Gruppo Building Campaign