All the information about withdrawals, accounts, Secondary Market and other topics can be found in this FAQ blog post. In case you still have questions, you can contact us at info@evoestate.com

May 21, 2021

Update from the originator:

A new valuation report has been created for the project.

The initial book value of this property will be changed according to the new valuation report. Even though the indicators used to evaluate commercial real estate are currently very conservative due to COVID. As the office went through a full renovation, the originator still decided to go ahead and ordered a new report.  The new valuation report can be found in the Documents" section.

Additionally, please find a video update.


May 20, 2021

Update from the originator:

The new valuation report has been conducted. The result will be published tomorrow and the book value will be adjusted accordingly. The cost of the new valuation report is 300 EUR, which will be divided between the next 3 rental payouts.


February 01, 2021

Update from the originator:

  • The property started generating income for our investors on 01.09.2020.
  • The property has 3 indoor car parking slots, which will be rented out separately to increase the rental income.
  • The tenant requested some construction works, which also include minor changes in office planning.
  • The rental contract is secured for 3 years period, as the tenant paid partially for the construction works, the rental income is a bit lower than estimated, but the capital growth achieved through the renovation will compensate that.
  • Reinvest24 did not take any operational fees in Q4 2020. The operating fee will be taken from the profits made through the exit.
  • The new appraisal report will be conducted in Q1 2021. The new appraisal report will change the shares book value.


January 25, 2021

Update from the originator:

The originator still has 3 indoor parking lots that are not rented out yet, the actual net rental yield will be around 6,5%. It’s a bit lower than expected as the tenant requested changes in the office planning and full renovation, which they partially paid for, all together that will result in higher capital growth which is going to compensate for the lower interest.


August 20, 2020

Reinvest24 will begin generating the first income, of 7.15% XIRR starting from September 1st, which will be paid out in October. A tenant should be entering the properties in the month of October, therefore Reinvest24 will carry out the remaining works in order finalise the agreement with the tenant and in the mean time, perform the renovation of the asset.


August 20, 2020

Update from Reinvest24:

Starting from the 1st of September this property will start generating income for the investors. The first payout will be made in October!


July 27, 2020

2020 Q2

  • Currently the property is not rented out and does not generate monthly income.
  • The key factor for this property is the purchase price, which would not have been possible, if the property came with a valid rental contract.
  • Currently the property is not owned by Reinvest24 SPV, as it is not purchased yet, but reserved through notarial agreement.
  • The lockdown has extended the period for finding a good tenant for this property. Reinvest24 have decided to lower the rental price for the first year, to speed up this process. To compensate that to our investors, Reinvest24 will not take management fee for that period.
  • As of 24.07 there is one very seriously interested company in the same building, who is expanding and needs additional office space. We hope to give you good news about this in the very near future.
  • The capital growth is going to compensate “no income period” for our investors.


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