Berlin based real estate startup sets ambitious goals for 2019
The Berlin start-up wants to involve wealthy private investors in construction projects. The start went well now the equity capital is again increased significantly.
20 million euros for a residential quarter in Berlin-Wilmersdorf, 8 million euros for a commercial project on Alexanderplatz, more than three million for an office project in Düsseldorf. The investment company Linus Capital is raising ambitious real estate transactions throughout Germany. Since last summer, wealthy private individuals, family offices and asset managers have also been able to participate via a digital platform — the start-up per investment requires at least € 200,000.
Half a year later, the start-up is satisfied with the opening. As CFO Dominik Pederzani added that, “The launch of the platform was very successful for us.” It has been possible to achieve a co-investment rate of slightly more than 70% in the platform investments. Linus does not mediate the possible investments in real estate developers, but participates itself each with at least 25 percent and takes from the other investors a fee. Pederzani has already invested in the “mid-double-digit million euro range” since the launch of the platform.
Financial supervision registers the investment company
With the model, the platform differs from start-ups like Bergfürst or Zinsland, which also require much smaller sums of money from investors. The challenge for Linus is capital. Own capital requirement is therefore extremely high. Now, the digital company according to its own information from the shareholder environment received 50 million euros for further construction projects. About the new capital had first reported the real estate newspaper.
Goals for this year are quite ambitious. As CEO David Neuhoff added that, “For 2019, we plan to invest at least 150 million euros in real estate developments with our co-investors.” Another co-investment volume of over ten million euros was confirmed today. In addition, the investment company has received a registration of the financial regulator Bafin as an investment management company behind the portal. Neuhoff further added that, “This is an important step for further professionalization.”
Originally published at TheStartupFounder.com.