Tallinn’s biggest residential real estate development company, Endover, has continued its positive tradition of reimbursing investments in new developments ahead of time: the money raised through crowdfunding for the Volta Lofts and R. Tobiase 3 developments has been paid back to investors even before residents have moved into the newly completed residential and commercial buildings.
Endover has reimbursed more than 1.5 million euros to crowdfunding platform Crowdestate investors ahead of time. More than a million euros of this amount was received by those who invested their own money in the development of the Volta Lofts in the highly sought-after seaside district of Kalamaja. A total of 400,000 euros was reimbursed to investors who put their money into the R. Tobiase 3 apartment building project in the heart of Kadriorg. Interest was also paid out on both developments, which amounted to 14.5% and 12.4%, respectively.
“Trust is the most important foundation you can have when working with someone, and it’s something Endover’s always valued very highly,” said Robert Laud, a member of the management board of Endover. “We’re in a strong position at the moment, and we’re constantly growing, so we want to offer our partners a convenient, stress-free investment environment. With that in mind, sticking to your promises goes without saying. It’s also why we want to show them we’re capable of reimbursing their investments ahead of time.”