Torre Milano was the first real-estate crowdfunding campaing in the most developed and interesting area in Italy: Milan!
The campaign was the biggest "launch" ever in Italy for a crowdfunding platform, and was overfunded (750.000 on a target of 500.000 euro) in only 2 weeks.
The campaign was particularly designed to meet all the needs of both the offering company (OPM srl) and the investors, and :
- for the first time in Italy, it introduced a trust company between the investors and the company, in order to ease administrative burden for both parties, increase privacy and enhance the development of a secondary market
- was built on a put/call option scheme after 12 months, at fixed and negotiated rates of return (11.8%)
- was set up to finance the 8th tallest residential building in Milan, a 25 stories skscraper with all the latest requirements in terms of enviroment and domotics