Commercial real estate investment platform SimpleEstate has raised 30 million rubles from the private fund AYR Capital in exchange for a 13% stake in the company, a SimpleEstate representative told RB.RU.
The valuation of the company at the end of the round amounted to 230 million rubles. AYR Capital money will be used for strategic business development and marketing.
SimpleEstate was launched in 2019 by Goldman Sachs native Nikita Kornienko. The company structures real estate transactions through joint-stock companies, is included in the register of investment platforms of the Central Bank of the Russian Federation.
SimpleEstate currently manages four properties worth more than 500 million rubles. According to the platform, the average return for investors is 20-25%, depending on the proportion of properties.
“We found an attractive object for investment and carried out a detailed audit. After that, we put it on the platform, collect requests, sign an agreement with investors, buy an object and pay dividends. We are creating a separate joint-stock company that owns the property, acting as a legal layer,” said Nikita Kornienko, CEO of SimpleEstate.
Prior to the current round, several Goldman Sachs employees, I2BF Global Ventures partner Alexander Nevinsky, and various business angels have invested in SimpleEstate.
AYR Capital is a private investment fund founded by Alexander Rogachev in 2014. The company specializes in investments in real estate and debt instruments.
Author:
anastasia mariana
Source: RB
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