Dear investors,
After thorough deliberation, we have made the difficult decision to discontinue our real estate crowdfunding and payment service operations, and initiate the liquidation process. This decision stems from the increasingly challenging geopolitical and economic environment that has adversely affected our business.
Since the onset of COVID-19, we have experienced a decline in the real estate investment activity, further exacerbated by high inflation and rising interest rates, ultimately leading to diminished investor interest in real estate investments. Consequently, maintaining the operations of our platform has become economically unsustainable.
Our legacy in real estate crowdfunding
Established in 2014, Crowdestate has been a pioneer in European real estate crowdfunding.
Over the years, we have:
Raised over €150 million for real estate projects across Europe, including Estonia, Latvia, Finland, Italy, Portugal, and Romania; Built a community of over 70,000 international investors from more than 120 countries, providing them with access to professional real estate investment opportunities; Provided our investors with an average annual net return of 9.33%, reflecting our commitment to delivering value; Demonstrated our dedication to supporting small and medium-sized real estate developers with equity and debt financing.
We are immensely proud of these accomplishments and deeply grateful for your trust and participation throughout this journey.
Liquidation process We have notified our regulator, Estonian FInancial Supervision Authority, of our shutdown decision and submitted our request to revoke our European Crowdfunding Service Provider’s licenss. We will keep working closely with them to ensure the proper and smooth shutdown of
