Young real estate crowdfunding platform Zinsbaustein continues to pick up speed as the real estate crowdfunding sector grows in Germany. Zinsbaustein’s most recent project is a revitalization of a development in Leverkusen (near Cologne) labeled Cube Offices 574. Individual investors may participate in the form of a subordinated loan from €500 to €10,000 euros with a maturity of approximately 24 months and an interest rate of 5.25% per year . Zinsbaustein is raising a total of €1,275,000 euros via the crowd for the project.
Zinsbaustein says that the Rhine-Ruhr is one of the most dynamic office real estate markets in Germany. With economically strong cities such as Cologne, Dusseldorf and Leverkusen, the region covers approximately 744,000 office employees. The high demand for office space in the big Ruhr cities leads to increasing supply shortages for attractive properties.
“Leverkusen is an inexpensive alternative to the tense office markets in Cologne and Dusseldorf. Through world-class transport links to the site in Leverkusen-Opladen is easily accessible from several cities, “says Frank Noé, CEO of Zinsbaustein. “With this asset class, we offer our customers a more attractive investment opportunity for the same risk-return expectations.”
Once this project is financed this will be the third successfully funded offer listed on Zinsbaustein by Cube Real Estate.
Zinsbaustein entered the real estate crowdfunding market in January 2016 and has raised over €12 million to date. While still a small market, investing online in real estate is growing rapidly. The “Cube Offices 574” project is the eleventh project of the Berlin based crowdfunding platform.
“This form of financing offers developers several advantages,” says Frank Noé. “On the one hand they can use the funding for further land acquisitions and projects. On the other hand, creating any crowdfunding campaign delivers great attention and social acknowledgment for the project and the developer. “
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