Noel Residence, a boutique residential development situated in the Lycavitos area of Nicosia has successfully completed a €250,000 crowdfunding campaign on crowdX.eu.
The campaign was active from 1st until 20th December 2024 and forms part of the overall budget to construct a luxury block of residential apartments situated in the Lycavitos area of Nicosia. The construction works is expected to finish in April 2025.
Advantages for investors
Noel was offering attractive benefits for the investors who invested via https://www.crowdx.eu/investments/noel/ such as:
- Fixed return of 8.5% per annum with the bonds maturing 30th December 2025.
- The bonds were issued at a discount at 0.92166, allowing investors to book the return as capital gains and enjoy the tax advantages to the full.
- Flexibility to invest from as little as €1,000.
- Zero onboarding, zero brokerage and zero custody fees. No hidden fees.
- Mortgage free and borrowing free property.
- Crowdfunding proceeds of €250,000 account for only 15% of total project cost.
- Exit anytime through the CrowdX Secondary Market, subject to other investor demand.
More information on the project is available at https://www.crowdx.eu/investments/noel/
About CrowdX
CrowdX operates under the European Crowdfunding Service Providers (ECSP) regulation, with license number CSP 2/24 from the Cyprus Securities & Exchange Commission (CySEC).
CrowdX provides crowdfunding services across the EEA to investors looking to invest in promising investment opportunities as well as to project owners looking to raise funds.
CrowdX is owned by Eurivex Ltd, a regulated Cyprus Investment Firm, located and operating from Cyprus through its website at https://www.crowdx.eu/. For further information please contact [email protected]
