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

Project update

S47, Kaunas

March 15, 2023

Update from the originator:

The originator would like to inform you that the originator has transferred the investors a share of the profit, which is distributed on the sale of the Project Assets. Which for a number of investors has increased the amount that would be distributed in a profit payout. For a detailed explanation please read below.

Previously, the investor’s profit share was set based on the investment amount:

Invested up to EUR 15,000 – 45%;

Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 50%;

Invested from EUR 30,000 EUR (inclusive) – 55%.

After the originator has transferred its share of the profit, all investors’ share of the profit is equal to 55%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 15,000 – 0.18;

Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.09;

Invested from EUR 30,000 (inclusive) – 0 (investment terms have not changed).

In the case of this project, for a certain group of investors in case of profit payout, the net amount grows. Below you can find an example and comparison of how a payout of 100 EUR changes based on the previous and updated structure:

Previous structure:

Invested up to EUR 15,000 – payable profit 45 EUR = 45% * EUR 100;

Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50 EUR = 50% * EUR 100;

Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 15,000 – payable profit 45.1 EUR = 55% * EUR 100 * (1-0.18). The amount grows. 

Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50.05 EUR = 55% * EUR 100 * (1-0.09). The amount grows. 

Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 * (1-0.00). Investment terms have not changed. 

The originator is introducing this fee in order to optimize and standardize the methodology of internal accounting procedures and resources, due to the reason the payable amounts and percentages range between projects. This is an operationally intensive process. Additionally, for every payment the originator facilitates, it pays service fees to payment services providers, and in order to ensure cash flow-positive operations, a decision was taken to introduce a percentage-based tariff on profit rather than gross project profit.

The originator would like to clarify that investors’ interest from a share of the profit to be distributed on the sale of the assets will be paid out net, which means all applicable fees will be deducted before payment.


August 30, 2022

Update from the originator:

Buy-to-let project S47, Kaunas, had 1 out of 2 apartments sold. The total capital gains for the project was 41,000 EUR, of which 18,946 EUR was paid out to the investors. The rest was distributed to the project owner and InRento, as specified in the project terms.

Investors earned an average annualized ROI of 20.19%: 7.3% rental income (interest) and 12.89% was added as a capital gain. The exact return of the project depends on the amount invested.

Keep in mind that the other apartment of this project is still rented out and will continue to generate rental income (interest) for investors. 


April 25, 2022

Update from the originator:

The project's rental contracts were under review.

As a result, the rent increased from 1829 EUR to 1920 EUR per month. This means, that the annual current return to investors rises from 7.08% to 7.43%.

 


August 30, 2021

Update from the originator:

The project owner has started active work with the tenancy, the contracts are currently under review.

As a result, the rent for one of the contracts increased by 79 Eur. This means that the annual current return increases to 7.08%.


August 26, 2021

Update from the originator:

The originator would like to inform you, that the mortgage on the S47, Kaunas assets has been successfully placed. The document called Hipotekos pranesimas has been added to the documents section.

The originator reminds you that the interest is calculated for each investor separately from the day the investor places his investment. For this reason, all accrued interest from the previous month will be distributed on September 20th.

 

 


Cookie notice
We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site.