Topic: [ANN][ILP] Project B11G - A European Real Estate Project, Powered by Blockchain (Read 357 times)
April 28, 2019, 02:39:17 PM
Less than 3 days left! Don't miss out on this revolutionary crowdfunding opportunity!
April 07, 2019, 10:36:44 AM
Small update from our partners:
CoinMetro posting about Project B11G https://twitter.com/CoinMetro/status/1114089270682292224
Agrello's recent blogpost about Project B11G: https://blog.agrello.org/agrello-is-partnering-in-europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-e0d803b92238
CoinMetro posting about Project B11G https://twitter.com/CoinMetro/status/1114089270682292224
Agrello's recent blogpost about Project B11G: https://blog.agrello.org/agrello-is-partnering-in-europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-e0d803b92238
April 03, 2019, 04:30:59 AM
Update!
- As the fundraiser is now live, you able to participate by going directly to https://ilp.tokenote.io/b11g (or visiting the website listed in the OP).
- We have received some more media coverage from the folks at Ambcrypto and Finance Magnates, check it out here:
https://ambcrypto.com/the-future-of-fundraising-the-initial-loan-procurement/
https://www.financemagnates.com/thought-leadership/crowdfunding-for-real-estate-its-just-the-beginning/
April 02, 2019, 03:39:01 AM
How does ILP works?
Are we basically loaning our ETH to fund the project? with guaranteed payment in the future?
Are we basically loaning our ETH to fund the project? with guaranteed payment in the future?
Hey, thanks for your question.
Essentially, you are right, you are loaning ETH to fund a project, based on the terms of the underlying contract (which is also tradable in the future). While there are no guarantees in this case and it is an unsecured loan, the loan contract is a legally binding document under European law that gives the borrower a claim to payment in the future.
There are risks associated with any financial agreement of this nature, as well as this one, so you should exercise your own judgement when deciding whether you will participate.
To explain it a little more...
The ILP platform allows the lender and borrower to agree to terms based on a human-readable contract, which can be signed electronically via a digital ID system. The ILP provides borrowers (project founders) with an opportunity to raise money via debt-financing. The terms of the contract can be designed by the borrower, in any way they feel is a right fit for their fundraise. In this case, the team behind Project B11G is able to offer 14% per year for 24 months, regardless of the extent to which they succeed.
Other companies may offer x% of net operating profits for 5 years, for example, making the opportunity more long-term oriented and/or speculative in nature. ILP was designed in Estonia, where digital contracts and signatures have been accepted for a while, with their eResidency program and other regulatory initiatives, providing welcoming environments for tech entrepreneurship.
You can learn more about the ILP platform at https://tokenote.io.
April 01, 2019, 12:31:24 PM
How does ILP works?
Are we basically loaning our ETH to fund the project? with guaranteed payment in the future?
Are we basically loaning our ETH to fund the project? with guaranteed payment in the future?
April 01, 2019, 08:39:50 AM
Update!
Project B11G is receiving coverage in the media, check out the two newest articles here:
https://www.fxstreet.com/cryptocurrencies/news/your-crypto-portfolio-are-you-diversifying-201903291450
https://captainaltcoin.com/transparency-and-the-role-of-blockchain-in-real-estate/
Project B11G is receiving coverage in the media, check out the two newest articles here:
https://www.fxstreet.com/cryptocurrencies/news/your-crypto-portfolio-are-you-diversifying-201903291450
https://captainaltcoin.com/transparency-and-the-role-of-blockchain-in-real-estate/
March 28, 2019, 02:37:23 PM
It is very good that you answered the question promptly. At the moment, technology parks are of great importance for the economy. I think that your project has a good future in the real sector of the economy.
Thanks for the kind words!
In the meanwhile, the press release has been published and can be viewed here:
https://www.the-blockchain.com/2019/03/27/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g/?fbclid=IwAR0DIizpW9zY5KG0AITK_tJsezbhMGzuDlbtJyzmIgH0_16C15RX7Qnej9U
March 28, 2019, 10:32:49 AM
It is very good that you answered the question promptly. At the moment, technology parks are of great importance for the economy. I think that your project has a good future in the real sector of the economy.
March 27, 2019, 04:20:24 AM
Is it possible to give more details about the construction of the complex? It is clear that you are creating some kind of industrial cluster, but I would like to understand what it is focused on?
Hey, thanks a lot for the question. Before the answer, let me preface it with a short and semi-personal introduction:
I work for Blockhive, a blockchain development company, which is a partner of the project. We developed the fundraising technology (ILP) used by the project. My role is Marketing and PR lead and so I, along with some other partners, are providing the expertise with regards to blockchain.
The team executing the project are real estate development specialists in every sense, who are really enthusiastic and optimistic about blockchain. In anticipation of some follow-up questions, which are not covered in the FAQ or we cannot answer to your satisfaction, we will correspond with the core-team and revert.
To answer your question:
The facility being constructed is a multifunctional stock office, which allows startups, small and medium-sized businesses to execute all their operations. It is a 38-unit facility with capabilities to host warehousing, production, office space and showrooms. The demand for such facilities has increased over the years, especially due to the growth of e-commerce. Companies are no longer looking for retail space in downtown / city centre areas, but rather focusing on e-commerce and operating out of more economical spaces.
The B11G facility is located amongst other similar facilities, which together is called the 'Betooni Industrial Park' (Check it on Google Maps here: https://www.google.com/maps/place/Betooni+11g,+Lasnam%C3%A4e,+11415+Harju+maakond,+Estonia/@59.4218835,24.8620839,594a,35y,39.29t/data=!3m1!1e3!4m5!3m4!1s0x4692ec8fc611ce0f:0xbc6958d4c4e9c6f!8m2!3d59.4262899!4d24.8645516).
The idea of the 'industrial park' is that there are several of these facilities all located near to one another and so it provides for a great environment for synergies, economies of scale, and collaboration among these companies.
Hopefully this answers somewhat your question- and please feel free ask for further clarification and details.
March 26, 2019, 03:07:24 PM
Is it possible to give more details about the construction of the complex? It is clear that you are creating some kind of industrial cluster, but I would like to understand what it is focused on?
March 26, 2019, 06:40:01 AM
Press Release:
Project B11G in the media:
- https://www.the-blockchain.com/2019/03/27/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g/?fbclid=IwAR0DIizpW9zY5KG0AITK_tJsezbhMGzuDlbtJyzmIgH0_16C15RX7Qnej9U/
- https://www.cryptocurrencyguide.org/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g
- https://blog.blockhive.ee/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g-af59ae4c06ff
Project B11G in the media:
- https://www.fxstreet.com/cryptocurrencies/news/your-crypto-portfolio-are-you-diversifying-201903291450
- https://captainaltcoin.com/transparency-and-the-role-of-blockchain-in-real-estate/
- https://ambcrypto.com/the-future-of-fundraising-the-initial-loan-procurement/
- https://www.financemagnates.com/thought-leadership/crowdfunding-for-real-estate-its-just-the-beginning/
March 26, 2019, 06:16:10 AM
Project B11G
A European Real Estate Project, Powered by Blockchain: The B11G Facility for Industrial Start-ups
About B11G
The B11G Industrial Complex, powered by blockchain
We’re building a state-of-the-art industrial complex for small and medium-sized companies and we want to share the experience with you. We’re raising 1.1m EUR, offering lenders an interest rate of 14% per year, with a maturity date of 24 months after issuance. The name B11G is shorthand for Betooni 11G, the address of the 4,000+ m2 facility we are developing in the heart of Estonia, one of the Eurozone’s fastest growing economies.
With this project, we are materializing the incredible potential of borderless financing made possible by blockchain. As this will mark our 11th such project, our time-tested, prudent and proven business model provides other like-minded blockchain enthusiasts with an excellent investment opportunity through real estate. Together with our partners, which specialize in all areas of blockchain, our expertise in the real estate market brings forward a project of true innovation and value. We couldn’t be more excited to share this experience with the world through the power of blockchain.
Project overview
Located in one of the fastest growing industrial zones in Northern Europe, the facility will be built in an industrial park, minutes away from the centre of Tallinn, the capital of Estonia. The B11G facility provides a very unique proposition, offering a space for offices, production, warehousing, as well as showrooms, all in the same location. It will be tailored to meet the needs of companies in the industrial sector, enabling innovation in the industrial process of converting raw materials to finished goods and products.
Project B11G will allow people all over the world to share in the profits of an industrial real estate development project. The B11G industrial lot will serve a much needed market, providing multifunctional spaces for small and medium-sized businesses.
Market
Why Estonia?
Over the past years, Estonia has become a hotspot for technological innovation, including a very active start-up culture. With a vibrant tech sector and a growing interest in the country’s e-Residency program, investors and entrepreneurs are flocking to this European country to pursue business activities and expansion. By encouraging innovation, a country with a population of just 1.3 million has seen uber success, coming in the form of unicorn startups such as Skype, which was sold for $ 8.5B to Microsoft and TransferWise, Taxify (Bolt), and PlayTech, all of which recently achieved $1B+ valuations, among others.
The samewth can also be seen in both the real estate market and blockchain industry. According to ICOBench, Estonia holds a top 5 position for number of blockchain startups launched in a given country, with 268 launches. At #5, Estonia heads the list alongside top economic powers, including the USA, UK, Singapore & Russia. The real-estate market has also shown growth, with flexible rules for lease agreements as well as very low costs for property tax (as low as 0.1% of market value). A recent trend shows the popularity of the industrial property market is growing, particularly with the ongoing development of several industrial parks similar to Betooni Industrial Park.
The Stock Office Market
The e-commerce market has changed the way we do business. Since the late 90s, companies like Amazon have been looking for more affordable rent, away from brick and mortar sales offices located in residential areas. Instead, businesses opt-in for effective and flexible office solutions which they can combine with a strong e-commerce sales strategy.
The stock office market in Estonia has shown incredible growth over the past years. In a recent interview, 1Partner Commercial Real Estate Manager Kirill Vigul indicates that the rental prices of these versatile workspaces have doubled over the past 3 years due to high demand. According to Ober Haus Real Estate, the largest real estate broker in Estonia, the vacancy rate of similar stock offices was approximately only 5% by the end of 2017, despite rising prices. Rent for these spaces in the same time period varied between €5.5 and €11.0 / m2. During this time, we have seen a move away from traditional remote industrial lots to conveniently-located industrial parks, made up of groups startups, small and medium-sized businesses.
Betooni Industrial Park - Betooni Tööstuspark
The boom of interest in multifunctional buildings began in 2015. Business professionals and entrepreneurs have become aware of the benefits of multifunctional spaces. Betooni Industrial Park is collection of such facilities, which offer a combination of warehousing, office space, a showroom and production space, all in a convenient location. The Park has been energized by a community of businesses and workers from the nearby residential area and is just a 10-minute drive from the airport and the Tallinn city center. It is located in the central part of Lasnamäe district, with great access to public transport and the Muuga sea port, one of the largest ports in Estonia.
Risk Analysis
We develop:
Real Estate
The most valuable asset in real estate is a happy tenant!
Throughout our decades of experience, we have achieved quite a lot and developed many profitable projects. Our experience working with the industrial sector particularly has given us invaluable insights as to what works and what doesn’t for a wide-range of processes within the supply chain. Despite our success, we always strive to improve our understanding of the clients’ needs. So we listened and we noticed that our clients have great ideas when it comes to building plans, section sizes, contract length, and lease prices.
Therefore, we decided to take their feedback and launch an industrial start-up project where we can fulfill all their desires; versatility, top-notch design, excellent location, flexible contracts and affordable rent. We look forward to building long-lasting relationships with happy customers. Our client-focused approach has already proven to be successful, with over 30% of the B11G premises already reserved by tenants.
We have:
Real Experience
What have we been up to lately?
With over 25 years and 20,000 m2 of real-estate development experience, this will be the 10th project carried out by the professionals at Future Invest OÜ and its partners. All of our projects have resulted in satisfied customers and have achieved a minimum of 30% ROI at exit. Check out some of our past projects and what we’re planning on doing in the future below.
We offer:
Real Returns
A 14% annual interest rate, with a loan period of 24 months
By issuing the B11G token, we will carry out the first real estate project financed with digitized loan contracts in Europe. Thanks to the reputation we’ve earned through hard work and hard-hats, 10 of the available 38 leasable units have already been reserved by tenants (as of 25.03.2019). This means that with the B11G token, you turn smart contracts into smart money!
Calculate your return on our website: https://b11g.eu/
Financial Overview
As a partner, you will receive your first interest payment 6 months after receipt of the loan (October 2019). The 2nd interest payment will be made at the end of the 24-month term, along with the repayment of the principal (April 2021). To protect you against the fluctuations of the crypto market, you will be paid out in EURS stable coin.
The loan will be repaid from proceeds of sale of the property to an institutional real estate investor. Our experience and established network leaves us confident in the eventual sale of the property to one of our professional real estate fund partners. Over the past decade, we have achieved this in an average period of 16 months, in some cases 3 months after the construction has been finished and cash flows from rents secured. In case we are to achieve this earlier, we look forward to repaying the principal and interest payments early.
Project B11G uses ILP Technology
A new loan agreement structure
Designed by our partners at Blockhive & secured by our partners at Agrello, the Initial Loan Procurement (ILP) model is a revolutionary blockchain-based fundraising mechanism. It allows us to raise funds via debt financing, with blockchain technology acting as immutable proof of all loan transactions. In other words, thanks to tokenization, we are able to procure a loan from a global market of investors. To learn more about ILP, visit tokenote.io
*While we are aiming to raise 1.1M EUR, our smart contract allows us to accommodate additional investment should there be a high demand. We can issue up to 1.5M tokens at a nominal value of €1 each.
About Us
Company
We are Future Invest OÜ, an Estonian investment holding company, which has been involved in the real estate and wood processing business for over 10 years.
Together with our partner Ehitusagentuur OÜ, a leading Estonian real estate engineering and technical supervision company, we have established New Page OÜ, which will become our new flagship investment holding for real estate development projects with stable cash flows generated through the rent of premises. We have compiled a designated team under New Page OÜ, which will work on the projects such as B11G. Our team has decades of experience dealing with various aspects of real estate and we’ve contributed to property developments totalling 19,500 m2+, delivering positive returns in each project.
B11G OÜ is a fully-owned subsidiary of New Page OÜ and has been created in 2018 as the SPV for development of this project.
Members
Advisors
Website | Telegram | OnePager
A European Real Estate Project, Powered by Blockchain: The B11G Facility for Industrial Start-ups
About B11G
The B11G Industrial Complex, powered by blockchain
We’re building a state-of-the-art industrial complex for small and medium-sized companies and we want to share the experience with you. We’re raising 1.1m EUR, offering lenders an interest rate of 14% per year, with a maturity date of 24 months after issuance. The name B11G is shorthand for Betooni 11G, the address of the 4,000+ m2 facility we are developing in the heart of Estonia, one of the Eurozone’s fastest growing economies.
With this project, we are materializing the incredible potential of borderless financing made possible by blockchain. As this will mark our 11th such project, our time-tested, prudent and proven business model provides other like-minded blockchain enthusiasts with an excellent investment opportunity through real estate. Together with our partners, which specialize in all areas of blockchain, our expertise in the real estate market brings forward a project of true innovation and value. We couldn’t be more excited to share this experience with the world through the power of blockchain.
Project overview
Located in one of the fastest growing industrial zones in Northern Europe, the facility will be built in an industrial park, minutes away from the centre of Tallinn, the capital of Estonia. The B11G facility provides a very unique proposition, offering a space for offices, production, warehousing, as well as showrooms, all in the same location. It will be tailored to meet the needs of companies in the industrial sector, enabling innovation in the industrial process of converting raw materials to finished goods and products.
Project B11G will allow people all over the world to share in the profits of an industrial real estate development project. The B11G industrial lot will serve a much needed market, providing multifunctional spaces for small and medium-sized businesses.
Market
Why Estonia?
Over the past years, Estonia has become a hotspot for technological innovation, including a very active start-up culture. With a vibrant tech sector and a growing interest in the country’s e-Residency program, investors and entrepreneurs are flocking to this European country to pursue business activities and expansion. By encouraging innovation, a country with a population of just 1.3 million has seen uber success, coming in the form of unicorn startups such as Skype, which was sold for $ 8.5B to Microsoft and TransferWise, Taxify (Bolt), and PlayTech, all of which recently achieved $1B+ valuations, among others.
The samewth can also be seen in both the real estate market and blockchain industry. According to ICOBench, Estonia holds a top 5 position for number of blockchain startups launched in a given country, with 268 launches. At #5, Estonia heads the list alongside top economic powers, including the USA, UK, Singapore & Russia. The real-estate market has also shown growth, with flexible rules for lease agreements as well as very low costs for property tax (as low as 0.1% of market value). A recent trend shows the popularity of the industrial property market is growing, particularly with the ongoing development of several industrial parks similar to Betooni Industrial Park.
The Stock Office Market
The e-commerce market has changed the way we do business. Since the late 90s, companies like Amazon have been looking for more affordable rent, away from brick and mortar sales offices located in residential areas. Instead, businesses opt-in for effective and flexible office solutions which they can combine with a strong e-commerce sales strategy.
The stock office market in Estonia has shown incredible growth over the past years. In a recent interview, 1Partner Commercial Real Estate Manager Kirill Vigul indicates that the rental prices of these versatile workspaces have doubled over the past 3 years due to high demand. According to Ober Haus Real Estate, the largest real estate broker in Estonia, the vacancy rate of similar stock offices was approximately only 5% by the end of 2017, despite rising prices. Rent for these spaces in the same time period varied between €5.5 and €11.0 / m2. During this time, we have seen a move away from traditional remote industrial lots to conveniently-located industrial parks, made up of groups startups, small and medium-sized businesses.
Betooni Industrial Park - Betooni Tööstuspark
The boom of interest in multifunctional buildings began in 2015. Business professionals and entrepreneurs have become aware of the benefits of multifunctional spaces. Betooni Industrial Park is collection of such facilities, which offer a combination of warehousing, office space, a showroom and production space, all in a convenient location. The Park has been energized by a community of businesses and workers from the nearby residential area and is just a 10-minute drive from the airport and the Tallinn city center. It is located in the central part of Lasnamäe district, with great access to public transport and the Muuga sea port, one of the largest ports in Estonia.
Risk Analysis
As we analyzed the market, we also took potential risks into consideration, ensuring that we pay close attention to and optimize our risk management strategy. While some risks are out of our control, we have taken these into account and formulated strategies for appropriate mitigation. Here is a summary for your reference.
Property market risk - The ability to offer small-sized multi-functional premises mitigates the risk of an inactive property market. Currently, there is limited supply in this segment. In our calculations, we have used a very conservative rental rate per m2; 20% lower than the market rates.
Economic risk - The economic forecast by Bank of Estonia reported a 3.9% annual GDP growth in 2018. The growth is expected to decelerate to 3.5% in 2019, but the general outlook remains healthy. Slower growth might result in pressure on rental rates in the form of increased vacancies, but the effect is likely to be limited. The budget foresees adequate buffers and the project can sustain up to 30% decrease in net operating income.
Tenant risk - All lease agreements are on triple net basis (where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance) and secured with a 3-6 month bank guarantee or cash deposit, depending on the duration of the agreement. Immediate action will be taken in case of 30 days delay and rental agreements will be terminated if necessary. In such a case, the deposit will cover the overdue rental payments as well as vacancy loss.
Development risk - The land plot is approved by the Estonian land authority as production land and we will use up to 80% of the allowed construction limit, thus we do not expect any delays or issues with receiving a construction permit. In addition to that, all utilities (water, sewage, etc) exist near the border of the land plot, which also allows for quick and smooth launch of the development. No geological or environmental restrictions apply to the plot. All estimates regarding the development cost are based on actual valid offers. Respective agreements have been drafted and are due to be signed as soon as financing has been secured.
Real Estate market risk - If the world economy should turn to a decline, institutional real estate buyers may be discouraged and the developer cannot immediately exit the project. With Project B11G, we have taken this into account and we are ready to maintain and operate the project for up to 2 years in order to achieve the minimum required 8% capitalization rates on exit.
Property market risk - The ability to offer small-sized multi-functional premises mitigates the risk of an inactive property market. Currently, there is limited supply in this segment. In our calculations, we have used a very conservative rental rate per m2; 20% lower than the market rates.
Economic risk - The economic forecast by Bank of Estonia reported a 3.9% annual GDP growth in 2018. The growth is expected to decelerate to 3.5% in 2019, but the general outlook remains healthy. Slower growth might result in pressure on rental rates in the form of increased vacancies, but the effect is likely to be limited. The budget foresees adequate buffers and the project can sustain up to 30% decrease in net operating income.
Tenant risk - All lease agreements are on triple net basis (where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance) and secured with a 3-6 month bank guarantee or cash deposit, depending on the duration of the agreement. Immediate action will be taken in case of 30 days delay and rental agreements will be terminated if necessary. In such a case, the deposit will cover the overdue rental payments as well as vacancy loss.
Development risk - The land plot is approved by the Estonian land authority as production land and we will use up to 80% of the allowed construction limit, thus we do not expect any delays or issues with receiving a construction permit. In addition to that, all utilities (water, sewage, etc) exist near the border of the land plot, which also allows for quick and smooth launch of the development. No geological or environmental restrictions apply to the plot. All estimates regarding the development cost are based on actual valid offers. Respective agreements have been drafted and are due to be signed as soon as financing has been secured.
Real Estate market risk - If the world economy should turn to a decline, institutional real estate buyers may be discouraged and the developer cannot immediately exit the project. With Project B11G, we have taken this into account and we are ready to maintain and operate the project for up to 2 years in order to achieve the minimum required 8% capitalization rates on exit.
We develop:
Real Estate
The most valuable asset in real estate is a happy tenant!
Throughout our decades of experience, we have achieved quite a lot and developed many profitable projects. Our experience working with the industrial sector particularly has given us invaluable insights as to what works and what doesn’t for a wide-range of processes within the supply chain. Despite our success, we always strive to improve our understanding of the clients’ needs. So we listened and we noticed that our clients have great ideas when it comes to building plans, section sizes, contract length, and lease prices.
Therefore, we decided to take their feedback and launch an industrial start-up project where we can fulfill all their desires; versatility, top-notch design, excellent location, flexible contracts and affordable rent. We look forward to building long-lasting relationships with happy customers. Our client-focused approach has already proven to be successful, with over 30% of the B11G premises already reserved by tenants.
We have:
Real Experience
What have we been up to lately?
With over 25 years and 20,000 m2 of real-estate development experience, this will be the 10th project carried out by the professionals at Future Invest OÜ and its partners. All of our projects have resulted in satisfied customers and have achieved a minimum of 30% ROI at exit. Check out some of our past projects and what we’re planning on doing in the future below.
We offer:
Real Returns
A 14% annual interest rate, with a loan period of 24 months
By issuing the B11G token, we will carry out the first real estate project financed with digitized loan contracts in Europe. Thanks to the reputation we’ve earned through hard work and hard-hats, 10 of the available 38 leasable units have already been reserved by tenants (as of 25.03.2019). This means that with the B11G token, you turn smart contracts into smart money!
Calculate your return on our website: https://b11g.eu/
Financial Overview
As a partner, you will receive your first interest payment 6 months after receipt of the loan (October 2019). The 2nd interest payment will be made at the end of the 24-month term, along with the repayment of the principal (April 2021). To protect you against the fluctuations of the crypto market, you will be paid out in EURS stable coin.
The loan will be repaid from proceeds of sale of the property to an institutional real estate investor. Our experience and established network leaves us confident in the eventual sale of the property to one of our professional real estate fund partners. Over the past decade, we have achieved this in an average period of 16 months, in some cases 3 months after the construction has been finished and cash flows from rents secured. In case we are to achieve this earlier, we look forward to repaying the principal and interest payments early.
Project B11G uses ILP Technology
A new loan agreement structure
Designed by our partners at Blockhive & secured by our partners at Agrello, the Initial Loan Procurement (ILP) model is a revolutionary blockchain-based fundraising mechanism. It allows us to raise funds via debt financing, with blockchain technology acting as immutable proof of all loan transactions. In other words, thanks to tokenization, we are able to procure a loan from a global market of investors. To learn more about ILP, visit tokenote.io
*While we are aiming to raise 1.1M EUR, our smart contract allows us to accommodate additional investment should there be a high demand. We can issue up to 1.5M tokens at a nominal value of €1 each.
About Us
Company
We are Future Invest OÜ, an Estonian investment holding company, which has been involved in the real estate and wood processing business for over 10 years.
Together with our partner Ehitusagentuur OÜ, a leading Estonian real estate engineering and technical supervision company, we have established New Page OÜ, which will become our new flagship investment holding for real estate development projects with stable cash flows generated through the rent of premises. We have compiled a designated team under New Page OÜ, which will work on the projects such as B11G. Our team has decades of experience dealing with various aspects of real estate and we’ve contributed to property developments totalling 19,500 m2+, delivering positive returns in each project.
B11G OÜ is a fully-owned subsidiary of New Page OÜ and has been created in 2018 as the SPV for development of this project.
Members
Advisors
Website | Telegram | OnePager
Disclaimer: I am not the bounty manager nor am I associated with this project.
I am posting on behalf of the team. Do not message me regarding this project.
I am posting on behalf of the team. Do not message me regarding this project.
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