YELDO CROWD, equity crowdfunding platform of YELDO Group, specialized in raising capital for institutional level real estate transactions, announces its first exit, which concerns the Milano Missori project.
The reimbursement for investors was equal to 2,24 million euros, including the initial capital of 2 million euros and the return generated. The operation produced an IRR (Internal Rate of Return) of 13%, as expected at the time of signing, and had an effective duration of 11 months, compared to the 15 months initially expected, leading to an ROI (Return on Investment) by 11,90%.
The Milano Missori project represented an investment opportunity in one of the most central areas of the city of Milan. The initiative involved the purchase, renovation and fractional sale of a prestigious residential property, divided into five residential units fully furnished and finished with high quality materials. The units, with sizes between 45 and 55 mXNUMX, include two apartments with terraces offering a panoramic view of the Milan Cathedral and two others with large balconies.
The initiative was created in collaboration with ED Investments and My House – Milan, emerging Italian developers specialized in the renovation and subdivision of luxury real estate units.
The sponsors Alain Piperno and Giuseppe Ragusa comment: “It was an ambitious and exciting project. Yeeldocrowd gave us the opportunity to express our skills in real estate development, welcoming this initiative and submitting it clearly and effectively to its investors, who quickly embraced the potential of the project and financed it. We are proud of the result obtained and grateful for the professionalism and solidity found in the entire team."
In addition to having achieved the first exit in less time than expected, this year Yeeldocrowd has surpassed the other platforms active in real estate equity crowdfunding in Italy in terms of collection, with collections in 2024 of over 10,9 million euros.
Marco Dardana, CEO of Yeeldocrowd: “We are very satisfied with the success of our first exit and we thank all the investors for the trust they have placed in us. The rapid conclusion of the project, ahead of schedule and with returns in line with what was envisaged during the investment phase, confirms the effectiveness of our model and Yeeldocrowd's selection process, which led to the identification of a solid counterpart. We will continue to work to offer quality investment opportunities, contributing to the valorization of Italian real estate assets."
