real estate

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Sunset Apartments Moneglia

Real Estate

Redevelopment project aimed at creating 8 luxury apartments of a "pied dans l'eau" property located in Moneglia.

  • Property located on the beach "La Secca" in Moneglia

  • Second homes market in strong growth in Liguria

  • Operation with permits obtained and work already begun

  • Prospective annual ROI up to 15 percent, expected investment duration 18 months

min: 1.000.000 €

max: 1.500.000 €

63 Investments

196.746 €

61 Paid

192.252 €

Estimated Duration

18 months

Minimum Order

498,00 €

Annual ROI Max 

15,0 %

Days left

31

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Project

Sunset Apartments is a project involving the redevelopment and re-functionalization of a seafront building located in the resort of Moneglia(GE), located in one of the six bays of the Levant.

The sponsor of the initiative is Setha Group, present on the national and international territory for several years now with a significant track record of Real Estate developments in major cities including London, Milan, Rome, Florence, and Verona.

Since January 2020, Setha has owned the property through the special purpose company Memi Consulting Srl, with which it has obtained a 30-year construction loan agreement from Banca Monte Paschi di Siena, part of which has already been disbursed, and started work, which to date is at about 40 percent SAL. The goal is to finish the same by the first quarter of 2023.

Sunset Apartments is a "direct" type of investment: investors will enter the capital of Memi Consulting Srl, a special purpose company that owns the property and develops the project.

The properties will be marketed by Portofino Property, a partner of Knight Frank Group, one of the world's leading luxury real estate agencies.

The pre-existing property was demolished to make way for a two-story above-ground residential complex consisting of eight exclusive residential units of various sizes that include valuable accessories and appurtenances.

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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.