Project name
Rose Hill (FULLY FUNDED)
Locations
Initiator
REALIANCE Europe B.V.
Local partner
Category
Construction of 16 luxury newly built apartments
Projected investment term
30 months, completion spring 2023
Exit strategy
Sale to end investors/ end users
Equity investors
€ 3,600,000 (92%)
Equity initiators
€ 325,000 (8%)
Structure
Issue of shares in Rose Hill BV, which acquires a 60% interest in the Hungarian project companies (Kfts)
Participation
From € 100.000 (excl. 3% emission costs)
144 shares of € 25.000 available
(minimum purchase of four shares)
Projected gross total return
44.9% after 30 months
Projected gross return (ROI)
18.0 % per year
Unique selling points
Two small scale ‘boutique’ projects in Rózsadomb (‘Rose Hill’), which is one of the most prestigious residential areas in Hungary.
Development of sustainable apartment buildings with a total of 16 luxury apartments at very central and prominent locations in the 2nd district, partly with a view of the Danube.
Scarcity of housing development locations in the 2nd district and therefore a unique opportunity to (re)develop two plots located close to each other.
Both projects can make use of the reduced VAT rate (27% -> 5%), which is important for the competitive sales prices and the development margin.
Collaboration with the experienced apartment developer Whitestone who is already successfully realized two projects with REALIANCE in Budapest.
Low bank financing requirement (leverage) of only 60.9%, which has a risk mitigating effect and allow for an attractive return.
Initiators participate with € 325,000, leaving and investment sum of € 3,600,000 for investors.
For more information you can reach REALIANCE at +31 (0) 20 21 03 180 or invest@realiance.nl
