Recently Reinvest24 started a major work towards new markets and diversification. We have expanded into the new geographies such as Latvia and Moldova. So far we’ve done quarterly overviews that kept our investors informed about everything that happened with their investments during the last 3 months.
Now we want to make you, even more, up-to-date about Reinvest24 development projects. Therefore we are introducing our new overview series – Insider updates. And the very first guest of the “insider updates” is our premier development project from Moldova – Metropolis 4D development project.
Key facts about the project:
- Eco-friendly apartments located in the greenest area of the city;
- Total yield – 15%
- LTV – 50%
- Collateral – 1st rank mortgage;
- Duration – 12 months;
- Provided by an experienced international developer, who has finished more than 10 residential complexes and 2583 apartments;
- The contract is in EUR currency, therefore currency risk is eliminated.
Read the full project description here: https://www.reinvest24.com/en/view/21
What is going on in Moldova?
But what about Moldova and its capital city? Currently, the Republic on Moldova is executing key steps towards making a modern and green-smart European city. The Chisinau Mayoralty has launched a joint project with the UNDP (United Nations Development Programme) for low carbon green development. The EUR 2.2 million, 5-year plan, which kicked off in 2018, marked a momentous first for the Republic of Moldova as it set up the Green City Lab. The urban lab acts as an innovator to smart collaborative solutions that encourages sustainable economic growth, develops new markets and improves liveability overall.
In addition, at the end of May, 2020, The European Bank for Reconstruction and Development (EBRD) welcomed the Green City Action Plan approved by Chisinau’s city council, as part of the Moldovan capital’s participation in the EBRD’s flagship urban sustainability programme, EBRD Green Cities.
The plan includes another four strategic objectives:
- sustainable mobility and transport
- climate-resilient ‘blue-green’ infrastructure
- sustainable and efficient energy
- sustainable resources and waste management.
According to the city’s official website, a total of 36 actions have been prepared to achieve these objectives, at an estimated total cost of €365 million to be sourced from the city and national budgets, the private sector or loans from international financial institutions. With this support, the city will focus on improving renewable energy use, collecting wood biomass and transforming it into energy; enhancing its sustainable mobility plan and urban transport network, making multi-storey apartments more energy-efficient.
Above mentioned solutions will help the city become more sustainable while aiding the country in its goal of reducing greenhouse gas emissions by a whopping 64 percent by 2030.
Update for 23.06.2020
At the moment, everything is prepared for starting construction works, as all the permits have been obtained and the Construction Board of the city of Chisinau has approved the project. By now, the land plot has been equipped with an entrance for large-sized transport and the foundation of the first floor has been laid.
During the last couple of weeks, the architectural project was updated and finalized for Metropolis 4D apartment building. As well as projects for laying reinforced concrete construction, water and electricity network, heating and ventilation.
The building was connected to temporary electricity and water supply sources. The area around the building was prepared for construction works and earthworks were performed on the land plot.
And, of course, here are some pictures from the construction fields: