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Days left0
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Annual return10,50%
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Investment duration18 MONTHS
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Investors311
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Min/Max investment100 / 500.000€
WHAT AM I ABOUT TO INVEST IN?
Serendebity S.r.l. company requires financing with a minimum of €250,000 and a maximum of €500,000. Acting as a General Contractor, the financing is needed to cover part of the costs of demolishing and constructing a building in Padua.
The intervention consists of the redevelopment of a highly energy-consuming (CLASS "G") building from the 1950s that will be completely demolished, giving way to a new condominium perfectly integrated into the residential context of the area with a perfect urbanistic balance (the building will have predominantly "exposed brick" finishes like most of the buildings in the neighborhood) and with significant energy improvement. The new building will indeed have an energy efficiency class of A4, advancing 10 classes compared to the previous building.
Within this context, the new building has an area of approximately 866 square meters and consists of 6 new real estate units, all with garages, distributed over two levels (3 units on the ground floor and 3 units on the first floor).
The project is innovative from an architectural point of view and involves achieving an A4 energy efficiency class for all units and a green roof garden. The units on the ground floor are characterized by large green spaces, while the units on the first floor are characterized by spacious interiors and generously sized terraces.
TECHNICAL CHARACTERISTICS AND CONSTRUCTION SYSTEMS OF THE BUILDING
Real estate development consists of the construction of a complex of 6 units developed on 2 above-ground floors, of different sizes and types, each served by a cellar and garage. Currently, the project is in the initial phase of demolishing the existing properties, owned by the administrator of the Company Davide Pracchi, as can be seen from the video below. All documentation is in order, as well as the necessary licenses and permits for construction. The units will be delivered in phases, starting with the first delivery scheduled for June 2025. These elements and the progress of the construction site, in addition to the fact that the land and buildings are owned by the administrator, can be considered risk mitigants.
GENERAL FLOOR PLAN
The construction characteristics of the property and other specification items are provided below.
1. LOAD-BEARING STRUCTURE
* Seismic Resistance: Use of high-strength reinforced concrete with steel bars compliant with EN 10080 standards and design compliant with seismic Eurocode 8 (EN 1998) regulations.
* External Envelope: Use of a Isotex wood-cement mineralized construction system, with an interposed Neopor insulation system to ensure optimal thermal performance.
* Thermal and Acoustic Insulation: In addition to the external envelope, integration of sound-absorbing plasterboard sheets (UNI EN 520:2005) and mineral fiber and polyisocyanurate (PIR) insulation panels compliant with UNI EN 13165 regulations, surpassing ENev regulations for energy efficiency.
Green Soul of the Wood-Cement Construction System
The ISOTEX construction system, composed of blocks, floors, and partition walls made of wood-cement, is recognized for its environmental sustainability, circular economy, and bio-construction. It uses natural and recycled raw materials, with untreated and 100% recycled fir wood.
The wood is mineralized to improve its fire resistance (REI 120 for walls and REI 240 for floors) and mixed with 99% pure Portland Cement.
The insulating inserts used in the products are 100% recycled, thanks to the use of Neopor® BMBcert™, which reduces CO2 emissions by 42% during its life cycle.
2. HEAT PUMP SYSTEM WITH UNDERFLOOR HEATING
* Operation of the Heat Pumps: Use of high-efficiency heat pumps for heating and cooling, eliminating the use of fossil fuels.
* Underfloor Heating: Closed-circuit underfloor heating system with serpentine pipes under the surface of the floor, ensuring an even distribution of temperature.
* Controlled Mechanical Ventilation (CMV): Ducted system for controlled mechanical ventilation, ensuring filtered and clean air.
3. PVC OR ALUMINUM (LIEBOT) WINDOWS AND DOORS
* PVC Windows and Doors:
- Excellent thermal insulation (UNI EN ISO 10077-1 and UNI EN ISO 10077-2);
- Resistance to weathering;
- High sound insulation;
- Water tightness (UNI EN 1027) and air permeability (UNI EN 12207)
* Low Profile Aluminum Windows and Doors:
- Modern and minimal design;
- High strength and stability;
- Thermal insulation with thermal breaks;
- Resistance to weathering;
4. INTERIOR FINISHES
* Wall and Floor Coverings:
- Marazzi ceramics (Appeal and Stream);
- Ariana Hermione wood effect ceramics;
- European Oak flooring;
* Sanitary Ware and Faucets:
- Effepi Mod. Zero 30 and H-Uno faucets, chrome-plated with basin and bidet mixers, single-lever shower mixers;
- Weiss-Stern shower trays;
- RAK Metropolitan and RAK Resort sanitary ware.
5. EXTERIOR FINISHES
* Exposed Facades: Weather-resistant exposed brickwork;
* Terraces: Paved with resistant materials and equipped with masonry parapets;
* Gardens: Outdoor spaces finished with gardens designed with native plants;
* Rooftop: Green roof to improve energy efficiency and reduce the urban heat island effect;
* Photovoltaic Panels: Photovoltaic system with a nominal power greater than 3 kW, compliant with IEC 61215 and IEC 61730 standards, with inverters compliant with EN 50530 regulations.
Clarifications: Possibility of technical modifications and choice of materials during the execution of the works, while maintaining the quality of the properties.
MARKET SURVEY
THE CITY AND THE PROVINCE
Residents in Padua, as of 2023, are 207,112, of which 75% are in the age group between 20 and 79 years old.
The average income of residents in Padua is around €27,936 for a number of taxpayers equal to 157,887 people - declarations filed by taxpayers in 2023 for the year 2022.
Padua is in fourth position as a Municipality in Veneto for average income and ranks as the 19th Province for well-being and quality of life, with 60% of high or medium-high indicators out of 107 analyzed in Italy. The population includes the homonymous Province with 928,374 people as of 2023 and a positive change of 10 positions compared to the previous analysis carried out for 2022.
The employment rate in the Province of Padua is 71.9% in the age group of 15-64 years old.
THE NEIGHBORHOOD
The central Città Giardino neighborhood is one of the most characteristic and exclusive areas of Padua, a residential area with a predominance of single-family homes and small to medium-sized apartment buildings with dedicated green spaces of value. It was built from the early 1920s to the 1960s by the bourgeoisie of the city through various commissions by different engineers and architects of the time.
Satellite view of the Città Giardino neighborhood in Padua
PROPERTY PRICES
The sale prices of properties in the Città Giardino neighborhood range from €1,853/m2 to €3,242/m2, which is above the city average. In the city of Padua, properties are sold from €1,555/m2 to €3,170/m2 - data from April 2024.
There has been a constant increase in prices in the real estate sector of the city over the years, following the national real estate trend in recent years.
The proposed redevelopment is intended to be a new residence within a context of renewal and improvement of the area and historical buildings through new and modern construction techniques in order to improve energy efficiency and space utilization.
HOW IS THE INVESTMENT REPAYED?
The project pays off with the sale of the properties. The proposing company has already entrusted the exclusive mediation task to the Real Estate Investments Agency in Padua.
The demolition work has already begun and the completion of the work is expected in March 2025 as reported in the underlying Gantt chart.
QUALITATIVE SCORING AND FINANCIAL RATING
ENERSCORE+ & EASYSCORE INTEGRATED EXPERT
Ener2Crowd provides a first qualitative parameter called "EnerScore+" that is assigned to each investment proposal. This parameter defines a SCORING that objectively, comprehensively, and understandably summarizes all the data that characterize the project from a technical point of view, including an ESG evaluation expressed in CLASSES, and a verification of the activated SDGs (Sustainable Development Goals).
A specific Financial Rating called "Integrated Expert EasyScore" is expressed, resulting from the credit analysis carried out by EasyFintech, which verifies the reliability and creditworthiness of the Project Owner Company. EasyFintech S.r.l. is a company that carries out commercial information retailing activities with License art. 134 TULPS Prefecture of Milan prot. n. 14795/12B15E of 31/01/2020.
In the case of the Project proposed by Serendebity S.r.l., the resulting EnerScore+ is Login to find out more...
INTEREST RATE DEFINITION
In recent months, the global socio-economic context has led to a strong increase in inflation, that is, the prolonged increase in the average level of prices for goods and services. For this reason, the ECB predicts an increase in mortgage and financing rates with the aim of preserving the purchasing power of consumers.
INDEXING TO EURIRS AND EURIBOR INDICES
Unlike an initial phase where the effective interest was calculated based on a base rate, corrected through a Correction Factor (Fc), starting from 2024 a new method of defining the Interest Rate is introduced. In this specific case, similar to how Banks define the interest rate applied to loans, in this case, the interest rate is linked to the EURIRS index (in the case of fixed rate) and EURIBOR index (in the case of variable rate).
THE PLACE OF INTERVENTION
The building is located in Padova in Via Piccoli n.4.
IMAGES
SERENDEBITY S.R.L.
The Company, as per its corporate purpose, carries out construction, real estate, and any other engineering activity to develop projects as a General Contractor, to activate investments in the real estate sector by relying on subcontracting companies with a significant track record in green building.
The Pracchi family has been operating in the construction sector since 1957, undertaking important construction works both nationally and internationally.
In addition, Serendebity S.r.l. is also a company specialized in credit management engineering. Serendebity manages the debtor/creditor relationship with engineered procedures, aiming for win-win outcomes.
THE OPINION OF THE ANALYST
The analysis of the Company that aims to raise funds is the result of the Report provided by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan prot. No. 14795/12B15E of 31/01/2020 - based on computer systems of available databases such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere and other financial scoring tools that combine traditional analysis (economic-financial, performance, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning and Data Analysis.
Serendebity S.r.l. is a company founded in 2017 with the primary Ateco code 70.22.09 - "Other business consulting activities and other administrative and management consulting and business planning" - in the company's object in the Visura there are different activities including: "The design, also integrated, the supervision of works, testing, management of administrative and real estate procedures, including administrative consultancy and practices and any other professional activity in civil, mechanical and industrial engineering; construction and real estate activities in general, including the construction and renovation of buildings, even with subcontracting, the implementation of civil engineering or civil engineering works and maintenance in general, as well as the construction, sale and installation of systems, machinery and equipment. It may also carry out, to a non-prevalent extent, those movable, immovable, commercial, industrial and financial operations instrumental to the achievement of the corporate purpose [...]”
CONTRACTUAL STRUCTURE
The Financing Agreement is a purpose loan: Serendebity S.r.l. commits to use the funds received from the Investors exactly as specified in the Project outlined in the public offer and not to divert them for other purposes
COST STRUCTURE
The estimated cost for the construction works is estimated at €3,850,000. The Minimum Target of the fundraising on Ener2Crowd will cover 6% of the Capex, while the Maximum Target will cover 13% of the total.
The crowdfunding campaign is a bridge loan that the company uses to cover initial costs and start construction works; the remaining portion of the Capex will be financed through equity and advance deposits from buyers.
BUSINESS PLAN
The business plan of the operation is reported below.
In case the maximum amount of the campaign is not reached, the remaining part will be added by the Company.
AMORTIZATION PLAN
The amortization plan provides for the repayment of the Capital only in the last installment. There are quarterly installments with only the Interests amounting to € 13.125,00
The following amortization plan for Serendebity S.r.l. is calculated with an interest rate of 10,50% for a total of €500.000.
N.B.: The start of the amortization plan is completed from the first useful date after the terms of the release, therefore the presented table is a mere simulation containing the first useful date in case of completion of the campaign at its expiry
*before any tax withholdings.
CONFLICTS OF INTEREST
The Relevant Parties, except for the Conflict of Interest Policy Manager and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offerings published on the Platform, are authorized to invest in this Crowdfunding Offering on equal terms with all other Investors and without preferential treatment or privileged access to information.
For more information, please consult the policy at the following link
SDGs ACTIVATED BY THE PROJECT
The SDGs - Sustainable Development Goals are 17 goals defined by the United Nations in the 2030 Agenda for Sustainable Development as a framework for a programmatic strategy "to achieve a better and more sustainable future for all" by 2030.
https://sdgs.un.org/goals
By financing this project, you can contribute to support and implement the following SDGs Sustainable Development Goals:
Why these SDGs?
• SDG 7 production of accessible electricity from renewable sources;
• SDG 9 implementation of resilient infrastructures and facilities;
• SDG 11 improvement of energy efficiency and strengthening of communities;
• SDG 12 responsible and efficient consumption of available resources;
• SDG 13 combating and mitigating climate change with a corresponding reduction in GHG emissions.
Become a protagonist of the future and sustainable development by financing this initiative!
BUILDING REQUALIFICATION
The main benefits of real estate redevelopment and demo-reconstruction interventions are multiple and extend to various aspects.
One defining element of this intervention is undoubtedly the level of energy efficiency.
Through the adoption of modern and sustainable technologies, such as advanced thermal insulation and efficient heating and cooling systems, it is possible to drastically reduce energy consumption. This not only decreases operating costs for residents, but also contributes to reducing environmental impact, making buildings more eco-friendly.
Another important advantage is safety. The redevelopment of buildings allows for updating the structures to the latest anti-seismic and safety regulations. This reduces the risks associated with extreme natural events, improving the overall safety of occupants and making the buildings more resilient. Furthermore, these interventions significantly increase the value of the properties. Aesthetic, functional, and structural improvements make the buildings more attractive to potential buyers and tenants, thus increasing their market value.
The quality of life of occupants is greatly improved through the creation of more comfortable, healthy, and functional living and working spaces. People who live and work in these environments benefit from increased well-being thanks to improved living conditions, such as better air quality and increased natural light.
The use of sustainable materials and eco-friendly techniques in redevelopment interventions also contributes to reducing the environmental impact of buildings. This promotes more sustainable and responsible urban development, in line with the growing global environmental issues. The modernization of buildings often includes the introduction of advanced technological solutions. These can include home automation systems for intelligent building management, renewable energy systems such as solar panels, and smart infrastructure that improves operational efficiency and sustainability.
Real estate redevelopment can transform entire neighborhoods, improving both the aesthetic appearance and functionality of urban areas. This process promotes urban regeneration, creating more livable and attractive communities. The use of more durable and resistant materials and technologies reduces long-term maintenance costs. Modernized buildings require fewer repair and management interventions, offering significant savings over time. Finally, these interventions can stimulate the local economy by creating new development opportunities. These projects often generate jobs and promote investments in the community, contributing to local economic progress.
In summary, real estate redevelopment interventions offer a wide range of benefits that improve not only the structures themselves but also the quality of life of the people who use them, promoting sustainable and resilient development.
WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?
The calculation of CO2 emissions saved was based on the pre-intervention APE (Energy Performance Certificate) and the simulation of the post-intervention APE with the values of the new building - it is estimated that with Serendebity's project there will be annual energy savings of 95.547 kWh, which is equivalent to
Saving 41.085 kg of CO2 in the atmosphere every year
Planting 4.109 trees, enough to cover an area of 21 football fields
Avoiding the emissions of exhaust gases from 29 cars every year
These are the effects and benefits that can also be generated thanks to your contribution!
Fast Ticket
Invest in the first days of the campaign, for you immediately an additional 0.5% interest rate
Green Generation
Additional return bonus of + 0.5% on all green loans, reserved for Under24s (18-24 years)
