Real estate investment marketplace zinsbaustein.de has listed the largest ever project on the platform. The offering is for the Cube River 342 in Düsseldorf, Germany that is seeking €4.3 million. This is the fourth offering from the developer Cube Real Estate GmbH. Investors may invest between €500 and €25,000 euros for 5.25% per year for a term of 24 months.
According to zinsbaustein.de Cube River 342 is located in a popular residential area of Düsseldorf-Mörsenbroich and includes the revitalization and rededication of an office building to 181 furnished apartments and 93 underground parking spaces. The completion of the project is planned for the end of 2021 and the property is to be sold afterward.
The majority shareholder Cube Real Estate GmbH is said to specialize in apartments and has successfully completed six revitalization projects across Germany since 2013.
“We are pleased to offer Cube River 342 in cooperation with the experienced project developer on zinsbaustein.de. Since we have already realized three projects with each other, we can confirm that it is a competent and professional project developer. The good experience from past investment rounds gives us the confidence to offer us the highest amount of capital for this project so far,” commented Volker Wohlfarth, Managing Director of zinsbaustein.de.
Tilman Gartmeier, founder and managing director of Cube Real Estate GmbH, reports that Cube River 342 has already received several purchase offers and overall financing has been secured.
“We are therefore pleased to be able to implement the revitalization of this building together with zinsbaustein.de and to offer investors a high-quality investment opportunity. As an innovative project developer, we like to work with a quality leader like zinsbaustein.de and look forward to further projects.”
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