Extension of purchase agreement
REI Sav Ltd
The Club Deal in Savosa involves the development of condominium apartments in an idyllic location within the Lugano agglomeration.
Savosa, Via Vira
REI Sav Ltd is developing a site in the municipality of Savosa, adjacent to Lugano. A bioanalytical laboratory currently located on the property is planned to be demolished. The project envisages the construction of five residential buildings, each comprising one to three condominium apartments.
Key Facts
>2.0
Expected Equity Multiple
3-4
Timeline
Years
>20
Expected Net IRR
Percent
Percent
Summer
Q3
Completion of the development project
Q4
Submission of building application
Q1
Preparation of the execution project
Q2
Building permit, clearing conditions and legal validity
Q1
Tender and start of the construction
Q2
Completion of the construction and handover of the flats and villa
Q2
Buffer period for the sale of the last apartments
