German real estate investment platform GenoCrowd has launched its 14th securities offering to kick off the new year. The offering is in partnership with AS Unternehmensgruppe – the third project listed by the company on GenoCrowd.
The funding round is for a real estate project in Leipzig, a renovation project for a historical building. GenoCrowd states that Leipzig is one of the fastest-growing cities in Germany.
AS Unternehmensgruppe is a real estate investor, investment manager and project developer with headquarters in Berlin and subsidiaries in Hamburg, Leipzig, Magdeburg,
Cologne and Frankfurt am Main. The company specializes in rehabbing historical buildings.
Andreas Schrobback, Managing Director of AS Unternehmensgruppe, said they are pleased to list the offering on GenoCrowd, which will eventually be sold to investors and owner-occupiers after the project has been completed.
The securities offering seeks to raise €285,000, with investors receiving a return of 8% per year on the loan with an “early bird” bonus of 0.5% paid over the duration of the project if the money is committed before January 20, 2024.
GenoCrowd was founded in 2020 with a mission of digitally connecting investors and project developers in a simple and straightforward manner and enabling attractive returns. GenoCrowd has partnered with Raiffeisenbank im Hochtaunus eG and portagon GmbH (formerly CrowdDesk GmbH).
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