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Purpose of the loan
The operation is located at 39 rue Vauban in Luxembourg. Located in the heart of the historical center of Luxembourg, the property is close to the shops, the panoramic elevator and the funicular giving access to the tramway serving the whole city.
This operation is carried out by the OSCAR DEVEVELOPPEMENT group through its subsidiary VAUBAN Luxembourg.
The project consists of the acquisition of the existing house for a resale of the fully renovated apartments.
OSCAR DEVELOPPEMENT has already carried out 3 bond loans at RAIZERS, one of which was repaid. This group is specialized in the renovation of buildings and has been able to carry out renovation operations in Luxembourg, in particular a hotel residence of 86 rooms.
An administrative authorization allowing the restructuring of the interior surfaces will have to be filed after the acquisition of the building.
Zoom on the program
The program will consist of 3 apartments on three levels. The units will be totally renovated with high-quality services to offer new and generous surfaces.
* 10% of the basement surfaces have been taken into account in the calculation of the price per m².
The commercialization grid for this project shows an average price of 14,094 €/m² validated by the operation's marketer - SOTHEBY'S LUXEMBOURG. It is in the high end of the market but below 15,000 €/m². It should be noted that the apartments will be completely renovated to optimize the surface area.
The transaction is carried out by SàRL VAUBAN, with a capital of 12,000€, registered with the Luxembourg Trade and Companies Register under number B253254.
The bond will be issued by SàRL VAUBAN at an annual rate of 10% per annum, for a maximum term of 36 months. The interest is paid annually but guaranteed for a minimum period of 6 months. The operator has the option to repay early after the 6th month.
In order to provide additional guarantees, the repayment of the bond loan is guaranteed by:
* Personal guarantee of Mr. Cocquerel
* First Demand Guarantees from SAS HCC and HCC Lux
All the documents associated with this fundraising are available in the "documentation" tab.
* Note: the sale of a unit will cover the amount of advanced equity
Presentation of the operator
Created in 2005 by Christophe COCQUEREL, OSCAR DEVELOPPEMENT succeeds OSCAR COMPANY, specialized in the renovation of existing buildings since 2003.
With 15 years of experience, OSCAR DEVELOPPEMENT's vocation is to "deconstruct to build better".
The restructuring of the patrimony, the development of the land and its history have led the company to carry out numerous rehabilitation operations, the restructuring of many buildings into furnished apartments for students and young workers, through all its subsidiaries in Lyon, Paris, Lille and Luxembourg.
The particularity of this group is to be able to intervene in real estate operations itself or as a General Contractor, Assistant Project Manager or in co-promotion.
In 2012, OSCAR DEVELOPPEMENT continues its development and joins the CAPELLI Group for some of its programs for larger projects.
It also acts as an Assistant Project Manager on several operations, which has enabled it to develop real expertise in the heavy rehabilitation of programs.
Link to Challenges article November 2020
For the personal guarantee of Mr. Christophe Cocquerel, he declares on January 25, 2021, a net asset spread over :
* a dozen properties in Lyon and on the French Riviera
* a personal saving superior to the amount lent for this operation
Financial elements of HCC LUX
The company HCC Lux, which will be created in 2021, holding the shares of SàRL Luxembourg, has no balance sheet.
Financial elements of Oscar Développement
Financial elements of HCC France
* Including €2,059,310 of shareholdings Oscar Développement
* Including 600k€ result for shareholdings Oscar Développement
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Invest in Rue Vauban Luxembourg by Oscar Développement,Luxembourg, Luxembourg