Leca 20 Project
Seize the opportunity to invest in Leca 20, a premium apartment development in Porto metropolitan, Portugal. Anticipate a compelling double-digit annual preferred return with a minimum investment of €100,000. Act now as the project is already in progress, with 40% of the apartments already pre-sold, reducing risk and ensuring project success.
Two Investments Options
Equity Path
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Investment: Equity as Limited Partner (LP).
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Benefit: Profit share based on project success.
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Preferred Returns: Expected double-digit annual preferred returns.
Investors who choose the equity investment option are poised to become valued limited partners in the success of Leca 20. This is the "standard" equity investment path.
Convertible Loan
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Investment: Convertible loan
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Benefit: Option to convert the loan to buy a specific apartment
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Price Advantage: Secure an apartment at a lower price point
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Interest Gains: The loan gains interest until option is exercised
The real allure with this option lies in the opportunity to convert the loan into the purchase of a specific apartment within Leca 20.
If exercised, you benefit in two ways:
Firstly, securing the apartment at the pre-sale price, while it's value is expected to increases as construction progresses. This is significant, because the appreciation in the apartment's value applies to the entire apartment price, which might be up to three times the initial convertible note amount. As a result, the percentage increase in the value of your investment becomes significantly higher.
Secondly, the loan gains interest until the option is exercised. Should you choose not to convert, enjoy the earned interest on your investment as usual.
Project Overview
Leca 20's apartment building construction project presents an opportunity for investors of all sizes to engage in a comprehensive real estate venture, offering the advantages and returns typically associated with larger projects.
Having navigated crucial initial steps successfully, such as the strategic purchase of the lot and the approval of building plans with local authorities, the project is now advancing in the construction phase of the 84-unit building. Investors, regardless of their initial investment size, can witness the tangible manifestation of their contributions.
Investors can benefit from investment diversification to their investment portfolio in multiple ways. Smaller investors can leverage currency, location, and investment type diversification, spreading their portfolio across currencies with the Euro, location in Europe, and investment type.
The exit strategy revolves around the resale of all apartments to the general public, with a target timeline of 34 months from the commencement of construction. Notably, 40% of these apartments are already pre-sold, ensuring profitability and significant returns for all participants.
Location Overview
Portugal
In the vibrant landscape of Europe, Portugal emerges as a beacon of stability and opportunity for real estate investors. Amidst the continent's democratic countries with transparent governance and stable regulations, Portugal stands out with its steadily growing economy and favorable interest rates, even in the face of rate increases. As a member of the European Union, Portugal benefits from regulations that actively support and encourage real estate investments. The country has become a sought-after destination for European retirees, drawn by its pleasant year-round climate, affordable living costs, and a welcoming atmosphere. Additionally, the influx of Portuguese-speaking individuals, particularly from Brazil, further enriches the cultural and economic landscape.
Porto
Within Portugal, the city of Porto, the country's second-largest, boasts a robust economy, contributing significantly, 15.8% (2020), to the national GDP. As the capital of the northern region, Porto is a dynamic hub hosting 20% of Portugal's student population. The residential market in Porto has experienced a positive trajectory, with apartment prices on the rise since 2015. The region faces a notable shortage of apartments, especially in terms of new construction, creating a demand that is met by strategic real estate developments.
Leca De Palmeira
Nestled within the Porto metropolitan area, Leca De Palmeira, the specific location of the Leca 20 project, epitomizes prime real estate. Situated just 10-15 minutes from both the beach and city center, this town enjoys close proximity to well-rated schools, commercial centers, and a major mall. The planned opening of a new metro train station in the coming years is poised to enhance accessibility, further influencing real estate prices positively. Importantly, the success of our parallel project, 'Leca 11,' located a mere 300 yards away, offers a testament to the region's appeal, with over 75% of its apartments already sold during mid-construction. This promising trajectory and strategic positioning underscore Leca De Palmeira's potential as a lucrative investment destination within the thriving Porto metropolitan area.
If you like to watch Leca 11's marketing project video, click here.
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Management & Reputable Business Partners
We are proud to be associated with a distinguished team of professionals, bringing expertise and excellence to every aspect of the project. This esteemed collaboration ensures that Leca 20 is guided by a team of professionals with a proven track record in their respective fields, setting the foundation for a successful and lucrative real estate venture.
Management Team
The management team includes Capitalx's Ronen Elrom and Zvi Chalamish, with a boast from the esteemed presence of Prof. Yaron Zelikah and Mr. Ran Alon.
Prof. Yaron Zelikah, a highly influential economist in Israel. Prof. Zelikah, the former Accountant General of the State of Israel, has held pivotal roles in both government and the private sector. His extensive experience includes leadership positions at Partner Communications and notable recognition, such as the Outstanding Financial Manager of Israel (2004) and the Aviir Eiquality Award for Governance (2021). Currently serving as the President of the Supreme Academic Council and the Head of the School of Accountancy, Economics, and Finance at Ono Academic College, Prof. Zelikah adds invaluable insights to the project.
Ran Alon, Partner and Project Manager, brings a wealth of experience in business management and finance. Holding a BA in Business Management Magna Cum Laude from the College of Management Academy and an MBA in Business Management from the Hebrew University, Ran previously managed state guarantees at the Accountant General, Finance Ministry of Israel. With years of experience in funding and managing investments since 2013, Ran has held multiple CFO positions, including overseeing an infrastructure project in Houston for Shikun & Binui USA.
Developer
Emanuelle is our trusted and experienced development partner, deeply rooted in Portugal. Operating from the vibrant city of Porto since 2017, Emanuelle has played a pivotal role in the success of various projects in the region. Specializing in both new construction and value-add projects, this real estate developer exemplifies expertise in the local market. Their commitment to excellence not only aligns seamlessly with the vision of Leca 20 but has also been evident in the successful execution of numerous local projects. Based in Porto, Emanuelle brings a wealth of local knowledge and a proven track record to ensure the success of the Leca 20 venture and beyond.
General Contractor
Edinorte, the chosen general contractor, has been a stalwart in the construction sector since 2000. Specializing in the construction and rehabilitation of residential and non-residential buildings across diverse sectors, Edinorte is recognized for its commitment to sustainable relationships, financial stability, and the successful execution of projects.
Financial Partner
BPI (Bank Português de Investimento), a prominent Portuguese bank, serves as the financial partner for the construction loan of the project. With a wide range of financial services, BPI is a major player in the Portuguese banking sector, contributing to the project's financial stability.
Real Estate Services
Working closely with JLL, a global commercial real estate services firm, Leca 20 benefits from their expertise in investment management, leasing, advisory, and property management. JLL's global presence allows us to stay informed about market trends, regulations, and other factors crucial to the success of the project.