Student Housing Development Project in Nicosia, Cyprus Seeking Equity Investment

This listing presents an opportunity to invest in a significant student housing development project located in Nicosia, the capital of the Republic of Cyprus. The project aims to construct 1400 student flats on a 30,000m2 plot, totaling 47,000m2 of built area. There is substantial pre-existing demand, with 600 flats already sought by the French Government for students attending the European University of Cyprus, and another 400 requested by Cambridge University Hospitals for their staff. The project boasts strong financial projections, including a planned annual turnover of 10 million EUR, an impressive Internal Rate of Return (IRR) of 29%, and an estimated end project value of 200 million EUR. The offering is for equity partnership, seeking 15 million EUR for a 50% share.