Avanti Residence triumphantly raised €300,000 through CrowdX for a luxury living project in Nicosia from September 2nd to 13th, 2024, offering investors a 5% annual interest and a share in pre-tax profits. This successful fundraising effort sets the stage for an exciting new development in Aglantzia, with homes expected to be ready in 18 months.
What was the crowdfunding achievement of Avanti on CrowdX?
Avanti Residence successfully raised €300,000 through CrowdX for a luxury living project in Nicosia. The crowdfunding campaign ran from September 2nd to 13th, 2024, offering investors a 5% annual interest and a share in pre-tax profits, with potential annualized returns up to 12.78%.
A Triumph for Crowdfunding
The concept of pooling resources for mutual gain is far from new, but crowdfunding has taken it to the digital age with remarkable success. In a recent demonstration of this power, Avanti Residence, a beacon of luxury living in Nicosia, has just achieved a remarkable feat. Through the popular platform CrowdX, they managed to secure €300,000 in funding from numerous contributors. This event took place between September 2nd and 13th, 2024, marking a significant step in the project’s financial journey.
Avanti’s new development is set in Aglantzia, a prime area in Nicosia, known for its tranquil environment and proximity to essential amenities. The construction, which began in July 2024, has been making headway as planned. The team behind the project anticipates that within 18 months, residents will be able to enjoy their new luxurious homes.
Benefits for the Investors
Investing in real estate can be a lucrative endeavor, and Avanti has structured a set of enticing advantages for those who chose to invest through CrowdX. The campaign offered a fixed interest rate of 5 percent per annum, with semi-annual payouts on March 30th and August 31st. Beyond the interest, investors could look forward to a 10 percent share in pre-tax profits, yielding a potential annualized return of up to 12.78 percent.
The deal’s structure allowed for entry at a relatively modest investment threshold of €1,000, making it accessible for a broader range of investors. Moreover, Avanti ensured transparency and affordability by eliminating onboarding, brokerage, and custody fees. This approach underscores the project’s confidence, highlighted by the absence of mortgages and borrowing against the property. The €300,000 raised through crowdfunding represents 15 percent of the total project cost, showing robust financial health and planning.
With CrowdX, investors also enjoy the freedom of liquidity. The platform’s Secondary Market feature provides an opportunity to exit investments, subject to demand from other investors. It’s a blend of stability and flexibility that’s hard to find in traditional real estate investment.
Understanding CrowdX
CrowdX stands as a paragon of crowdfunding success, operating in strict accordance with the European Crowdfunding Service Providers (ECSP) regulation. The platform is licensed under number CSP 2/24 by the Cyprus Securities & Exchange Commission (CySEC), ensuring that it adheres to the highest standards of financial operations.
Owned by Eurivex Ltd, a regulated Cyprus Investment Firm, CrowdX extends its services across the European Economic Area (EEA). It serves a dual purpose: offering investors a chance to become part of promising ventures and assisting project owners in raising the necessary capital. The platform prides itself on its user-friendly interface and transparent investment process, contributing to its growing reputation as a reliable crowdfunding service.
For more detailed information about the Avanti project or to explore other investment opportunities, potential investors and interested parties can visit the CrowdX website or reach out directly to their support team via email.
FAQ
What was the crowdfunding achievement of Avanti on CrowdX?
Avanti Residence successfully raised €300,000 through CrowdX for a luxury living project in Nicosia. The crowdfunding campaign ran from September 2nd to 13th, 2024, offering investors a 5% annual interest and a share in pre-tax profits, with potential annualized returns of up to 12.78%.
What are the benefits for investors in the Avanti project?
Investors in the Avanti project can enjoy a fixed interest rate of 5% per annum with semi-annual payouts on March 30th and August 31st. In addition to the interest, investors are entitled to a 10% share in pre-tax profits. The minimum investment threshold is €1,000, making it accessible to a wider range of investors. The project also eliminates onboarding, brokerage, and custody fees, enhancing transparency and affordability.
What is the timeline for the new development in Aglantzia?
The construction for the new development in Aglantzia commenced in July 2024. The team behind the project anticipates that the luxurious homes will be ready for residents to move in within 18 months from the start of construction, allowing for a completion date around early 2026.
How does CrowdX ensure investor security and transparency?
CrowdX operates under the regulations of the European Crowdfunding Service Providers (ECSP) and is licensed by the Cyprus Securities & Exchange Commission (CySEC). This ensures adherence to high standards of financial operations. Additionally, CrowdX offers a Secondary Market feature that provides investors with the opportunity to exit their investments, subject to demand from other investors, thus combining stability with liquidity. For more information, potential investors can visit the CrowdX website or contact their support team directly.
