About the project
ERAM Veranda is a residential project in Prizren, structured as a rental income asset. The project SPV develops and then holds the building for the duration of the hold period, generating revenue through long-term residential leases. Distributions to co-investors are made periodically from net rental income, with a final exit through sale or refinancing at the end of the hold.
The project is funded on a fully equity-only basis (no senior debt), with sponsor co-investment of €250,000 (25% of equity) alongside €750,000 from external co-investors (75%). Project equity is divided into 10,000 Class B shares at €100 par value. The 25% sponsor stake is materially above the platform's 20% base level, reflecting concentrated sponsor conviction in this asset.
Indicative co-investment terms
- Project code: ERM-2026-04
- Structure: Rental (income) — develop, lease, distribute net rental income, exit at end of hold
- Share class & price: Class B at €100 par value
- Total shares: 10,000 (Class B)
- Indicative target gross IRR: 15.0% (subject to feasibility, occupancy and market conditions)
- Preferred return: 6.0% (European waterfall)
- Sponsor promote: 20% above hurdle
- Indicative hold period: 84 months (7 years)
- Minimum ticket: €1,000 (retail) · €2,500 (standard) · €10,000+ (sophisticated)
- Subscription window: 11 April 2026 – 15 November 2026
All figures above are indicative. Income distributions depend on actual occupancy, lease performance, operating costs and applicable taxes. Final terms, returns and risk factors are disclosed in the project-specific Information Memorandum prior to subscription. Past performance is not a reliable indicator of future results. Capital is at risk.