Student House - Ferrara

Student House - Ferrara is a real estate project promoted by the company Paco Srl, which involves the renovation and redevelopment of a building, originally intended for office use, transforming it into a student residence with modern housing and common areas, in an extremely dynamic area for student rentals in Ferrara. The property, which will be purchased by the special purpose vehicle(SPV) Student House S.r.l., will be leased to CAMPLUS, Italy's leading student housing operator, and sold to an Institutional Investor.

The real estate investment opportunity offers an annual return of up to 15 percent, with an estimated transaction duration of 24 months. Handling the bureaucratic, site and sales aspects will be the special purpose vehicle Student House Ltd,

The project location is in a strategic area of Ferrara, Via Darsena. Ferrara is a university city with a strong demand for student housing, both Italian and international.

The University of Ferrara, founded in 1391, contributes significantly to the academic life of the city, offering a wide range of degree programs, with a solid reputation in the field of research.

Currently, the University boasts:

• 26.474 enrolled
• 1.179 female and international students enrolled
• 82% of female students and students come from outside the province

The investment in Student House - Ferrara 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 Promoter. The maximum total ROI of the project is 30% over 24 months. If the projected duration is exceeded, the total ROI will increase, keeping the annual return constant, which will be calculated pro tempore.

Paco Srl, the project sponsor, has decades of experience in the real estate sector, with a focus on the Northern Italian market. The team consists of professionals with specific expertise in real estate asset enhancement, with a track record of active and successfully closed projects.

The property manager will be CAMPLUS, Italy's first university student housing provider: it has 10,000 beds in 14 Italian and 2 Spanish cities. It offers flexible and differentiated services aimed at students, young workers and travelers with its accommodation, both short and long-stay, within university merit colleges, residences and apartments. The Company also manages apartments throughout Italy for students and young workers.

Exit from the transaction will occur upon liquidation of Student House S.r.l., once the entire building is deeded. The return will accrue from the closing date of capital increase until the resolution of liquidation of the company Student House S.r.l.

Student House Ferrara reserves the right of "liquidation preference" for all investors participating in the campaign, who will therefore be reimbursed first in the event of exit over the company's other shareholders (according to the order of preference indicated in the bylaws). All conditions are published in the bylaws found in the Documents section.

This is a marketing communication. Equity crowdfunding investments are high-risk and could result in total or partial loss of invested capital. Please read the sheet containing key investment information before joining.

The real estate initiative focuses on the regeneration and renovation of a building with an office use, transforming it into a student residence with modern rooms. Strengths of this project include innovative design, meticulous attention to student needs, and agreat location. The project includes the creation of spacious rooms and common areas, for a total of 226 rooms and 286 beds.Permits and licenses are being obtained, and the timeline for the start and completion of construction will be determined based on obtaining the necessary permits.

Project Timeline:

• Purchase Date = 06/30/24
• Title filing date for start of work = July 2024
• Date of start of site work = July 2024
• Date: End of work = December 2025
• Date: Deed of sale = February 2026