The project Canal Saint-Denis by Koregraf

Review of the project Canal Saint-Denis by Koregraf

Review's score :

This review is proposed by Damien Cuyala on 16/03/2024

⏰ The project starts on 20/03/2024 10h00
💰 The estimated rate of return is 10% per year.
⏱ The duration of the project is 24m
💼 Minimum amount to invest is ?

🤖 Review's summary

Project Analysis: Canal Saint-Denis at Koregraf by Damien Cuyala

On March 20, 2024, at 10:00:00, Damien Cuyala conducted an analysis of the Canal Saint-Denis project at Koregraf. The overall assessment is 100% pre-sold for a lessor who has already secured funding. However, there are potential risks regarding construction delays and material cost fluctuations. The operator's commitment is significant, and the company is financially well-managed. It's essential to note that the guarantee is only in GAPD ⚠️. Details on the collection date and time will be provided once confirmed.

Project Details

Type of Project: Real estate development

Amount to be Funded: €960,000

Capital Repayment: In fine. Interest: In Fine

The project involves building a residence with 97 new intermediate rental housing units ranging from studio to T5, spread across a five-story building with four staircases and 70 parking spaces in a semi-basement level.

Analysis Summary

Strengths:

Rental yield of 10% - high
Operator's commitment at 79% - high
Good financial health of the company

Weaknesses:

Rental yield slightly lower than the average
Various margin scenarios showing correct but not exceptional margins
Risks associated with construction delays and material cost fluctuations

Location: Aubervilliers (93), near the canal in a residential area with amenities such as the airport, train station, schools, and hospitals.

Conclusion: The project seems well-prepared and financially viable, with good pre-commercialization and a committed operator. However, caution is advised due to the potential risks involved. Overall, it's a promising venture worth considering.

Historial rates of return Koregraf

Investor votes results for the project: Canal Saint-Denis

36 voters
👎47% 👍3% 🤷11% 🏳️39%
To vote :

Damien Cuyala
Damien, 41 years old, I am a business manager in nuclear valves, I also have a company in the distribution of everyday products in short circuits with the credo of "made in France". I started at a young age to learn how to invest in the stock market in dividend stocks, ETFs, and from 2021 on small cap equity strategies, and recently I have been learning about options. In June 2022, I started real estate crowdfunding and I have invested a little over 73 Keuros since then, my investments are distributed across the following platforms: ClubFunding, Raizers, La Première Brique, Upstone, Baltis. I attach great importance to spending time analyzing each project before making the best decision for my investments. Finally, I also have investments in crowdlending, mainly on Lendermarket to diversify my assets as much as possible.