real estate

SME

LP

Firenze - Rimaggio

Real Estate

Project for renovation and redevelopment of 2 buildings in Florence, Sesto Fiorentino: 14 completely independent terratetto units with private open space totaling 1470 sq. m.

  • Work completed at 55%

  • 100% pre-sold apartments

  • Duration 12 months

Professional Investor

Professional Inv.

Goal max 1,49 Mln€

Total Collected

1,4 Mln€

Investors

199

Estimated Duration

12 months

Minimum Order

2,5 k€

Annual ROI Max 

13,0%

12.09.2023

Closed


  • Abstract Operation
  • Investment Statement
  • Why Invest
  • Project
  • Location
  • Bidder and Promoter
  • Financial Statement
  • Team
immagine copertina

Abstract Operation

Florence - Rimaggio is a real estate project of the company AD Casa, which involves the recovery and redevelopment of several buildings once used for production purposes, transforming them into modern terratettos with private gardens and parking spaces, excellently connected to the city of Florence.

The real estate investment opportunity offers an annual return of up to 13 percent with a transaction duration of 12 months. Handling the bureaucratic, construction and sales aspects will be the vehicle company Ad Rimaggio S.r.l.

The property is already owned by Ad Rimaggio S.r.l., work is 55% complete at the state of progress, while 100% of the apartments have already been pre-sold. In addition, the project has obtained financing from Banca Intesa in the amount of €2,000,000.

The project location is in a strategic and dynamic area of Sesto Fiorentino, exactly in Via Rimaggio. This area boasts excellent connections to the rest of the city of Florence thanks to the many public transportation services available. There will be 14 terratettos, with associated private gardens and parking spaces, totaling 1470 square meters.

The investment in Rimaggio offers the advantage of preferential liquidation, that is, the right for investors who join the equity crowdfunding campaign to be reimbursed first compared to the Developer. The maximum total ROI of the project is 13% over 12 months. If the expected duration is exceeded, the total ROI will increase while keeping the annual return constant, which will be calculated pro tempore.

AD Casa, founded in 2010 by Andrea Duranti, operates mainly in Tuscany. specializes in the identification of real estate investments, redevelopment of properties in prestigious settings. Since its founding, it has built more than 800 apartments.

The exit from the transaction will occur at the liquidation of the company Ad Rimaggio S.r.l., once all the apartments have been reregistered. The return will accrue from the closing date of capital increase until the resolution of liquidation of Ad Rimaggio S.r.l.

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Project

The real estate initiative focuses on the regeneration and renovation of several buildings once used for manufacturing activities, turning them into modern residences. New terratettos will be built, further enriching the housing offerings in the area. Strengths of this project include innovative design, meticulous attention to tenants' needs, and anexcellent location. The units will feature outdoor spaces on the ground floor, providing ample indoor and outdoor livability. In addition, the terratettos will also have private parking spaces, giving additional convenience to tenants. The project includes different types of residences for a total of 14 terratettos, with associated private gardens and parking spaces. Each unit will be built paying attention toenergy efficiency and environmental sustainability, aiming to achieve energy class A.

Project Timeline:

  • July 2020: Acquisition of shares of the company that owned the property
  • December 2019: Obtaining permits
  • September 2023: Start of work on the previously started construction site
  • June 2024: Completion of work
  • September 2024: Deeds of sale
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Firenze - Rimaggio

The information on the offer is not subject to approval by Consob. The Offering company is solely responsible for the completeness and truthfulness of the data and information provided by the latter. The investor's attention is also drawn to the fact that the investment, even indirect, through OICR or companies that invest mainly in financial instruments issued by innovative startups and SMEs is illiquid and characterised by a very high risk.

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