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Unfortunately, this deal expired 25.02.2024
3 months ago

Invest in Modern Living: Terramisu VIII Residential and Commercial Project


About This Deal

Embark on a unique investment journey with Terramisu VIII, an innovative project by SIA Būvniecības Partneri, a company backed by 40 years of profound experience in the construction sector. Collaborating for the first time with Arco Real Estate on the Profitus platform, Terramisu VIII promises a blend of modern living spaces and lucrative commercial opportunities.


About the Project Owner:

SIA Būvniecības Partneri boasts a rich legacy, with its main shareholder contributing four decades of expertise to the construction industry. Focused on design, construction contracting, and transforming old commercial buildings into residential havens, the group has been a key player in Latvia since 2014. With a portfolio of 10 apartment buildings covering over 59,000 square meters, the company now ventures into its inaugural joint project with Arco Real Estate on the Profitus platform.


Aim of the Project:

Terramisu VIII envisions a 9-storey marvel, offering a range of apartments tailored to meet contemporary needs. From compact one-room units to spacious five-room residences, each apartment, ranging from 34 to 103 square meters, is thoughtfully designed for maximum space utilization. The project includes studio holiday apartments on the 3rd and 5th floors, poised to generate an annual rental income of EUR 205,000, excluding VAT. The anticipated value of these studio spaces is EUR 2,000,000, with plans to spin them off into a new company. Upon project completion, the apartments are set to be sold, targeting estimated sales proceeds of EUR 17,000,000, including VAT.


Project Progress:

Negotiations are underway with prospective tenants, including a retirement home operator, a beauty salon, and a bakery. With approximately 20 interested parties and eight receiving preliminary mortgage offers, the project anticipates achieving 80% completion by the end of the year. Notarial transactions are slated to commence in the second half of 2024, with commercial and recreational premises soon to be registered under unique numbers. Ongoing discussions with Senior Group Europe add further potential to the project, with the estimated value of commercial premises at EUR 1,800,000, excluding VAT. The current funds will facilitate the conversion of a multi-purpose building, formerly a polyclinic, into residential-recreational housing and commercial spaces.


Maximum Planned Funding:

The project aims to secure a maximum funding amount of EUR 5,000,000, of which EUR 4,200,000 has already been raised. The funding structure is based on the current mortgage valuation until the maximum Loan-to-Value (LTV) of 50% is reached. Upon reaching this threshold, a new property appraisal will be required for further funding stages, ensuring financial prudence and investor protection.


Interest Rates Based on Investment Amount:

  • From EUR 100 to EUR 499 – 11.3%
  • From EUR 500 to EUR 749 – 11.6%
  • From EUR 750 to EUR 1,499 – 11.8%
  • From EUR 1,500 to EUR 2,999 – 12.1%
  • From EUR 3,000 to EUR 9,999 – 12.4%
  • From EUR 10,000 to EUR 24,999 – 12.7%
  • From EUR 25,000 to EUR 49,999 – 13%
  • From EUR 50,000 to EUR 99,999 – 13.4%
  • From EUR 100,000 – 13.8%


Investment Plan:

Terramisu VIII aims to secure funds within 7 days, with an extension option to 21 days if the target is not achieved. Individual investments are not aggregated, offering personalized investment opportunities.

Seize this chance to be part of Terramisu VIII, where modern living meets promising commercial prospects. Invest wisely, earn competitive returns, and join the future of residential and commercial spaces in Latvia.