Avanti Residence, a luxury block of residential apartments in the heart of Nicosia, has successfully completed a €300,000 crowdfunding campaign on crowdX.eu.
The campaign was active over September 2-13, 2024 and forms part of the overall budget to construct a luxury block of residential apartments situated in the Aglantzia area in Nicosia. The construction works commenced in July 2024, and are on schedule to be completed within 18 months.
Advantages for investors
Avanti was offering attractive benefits for investors who invested via https://www.crowdx.eu/investments/avanti/, such as:
- Fixed interest of 5 per cent per annum, payable every six months – i.e. on March 30th and August 31st.
- Profit participation – 10 per cent on pre-tax profits of the project for up to 12.78 per cent total annualised return.
- Flexibility to invest from as little as €1,000.
- Zero onboarding, zero brokerage and zero custody fees. No hidden fees.
- Mortgage free and borrowing free property. Completion estimated in 18 months.
- Crowdfunding proceeds of €300,000 account for only 15 per cent of total project cost.
- Exit anytime through the CrowdX Secondary Market, subject to other investor demand.
More information on the project is available at: https://www.crowdx.eu/investments/avanti/.
CrowdX operates under the European Crowdfunding Service Providers (ECSP) regulation, with licence number CSP 2/24 from the Cyprus Securities & Exchange Commission (CySEC).
CrowdX provides crowdfunding services across the EEA to investors looking to invest in promising investment opportunities, as well as to project owners looking to raise funds.
CrowdX is owned by Eurivex Ltd, a regulated Cyprus Investment Firm, located and operating from Cyprus through its website at: https://www.crowdx.eu/. For further information, please contact: [email protected]
