Investment Type:

PREFERRED SHARES

Investment Horizon / Maturity:

No fixed maturity

Return Profile:

6–8% p.a.

Total Offering Size:

14,000,000 EUR

Income property platform

Real estate operating company managing income-producing property assets. The preferred-share opportunity is linked to operating platform quality, tenant base, asset management capability and future liquidity options. The business should be reviewed through governance, cash generation, portfolio quality and shareholder alignment. Detailed numerical investment terms are kept in the structured fields.

Minimum Investment: 1,000,000 EUR

Distribution Mechanism: Preferred dividends according to shareholder terms; liquidity through redemption or share sale.

Security / Protection Structure: Preferred equity with dividend preference and governance rights

Early Exit / Redemption Terms: Share sale or company-level liquidity event

Capital Return Mechanism: Preferred dividends and share sale proceeds

ISIN: Not assigned

Investment Opportunity Status: ACTIVE

Transaction ID: II-25-907

Financial Performance

Revenue (current year): 29,000,000 EUR

Revenue (2 years ago): 22,000,000 EUR

Revenue (1 year ago): 25,000,000 EUR

EBITDA (current year):

EBITDA (2 years ago): 3,400,000 EUR

EBITDA (1 year ago): 4,000,000 EUR

Operating Profit (EBIT) (current year): 4,400,000 EUR

EBITDA Margin: 15.2%

Balance Sheet & Leverage

Total Assets: 51,000,000 EUR

Equity: 28,000,000 EUR

Long-term Liabilities: 14,000,000 EUR

Short-term Liabilities: 9,000,000 EUR

Equity Ratio: 54.9%

Net Debt / EBITDA: 5.2x

Total Liabilities: 23,000,000 EUR

Liabilities / Equity: 0.8x

Liabilities / Assets: 45.1%

Long-term Liabilities / Total Liabilities: 60.9%

Short-term Liabilities / Total Liabilities: 39.1%

Collateral Coverage

Value of Collateral: N/A

Collateral Coverage Ratio: N/A

Description of Collateral and Coverage: Preferred equity instrument; no collateral package. Protection is based on dividend preference, governance rights and shareholder documentation.

Use of Funds & Valuation

Use of Proceeds: Equity capital for platform growth

Accepted Investment Currencies: EUR, USD

Ownership & Legal

Ownership Structure:

Founders 50%, existing investors 30%, new investors 20%

Existing Financing: Corporate credit line

Company Jurisdiction: Netherlands

Business & Strategy

Company / Project Description: Real estate operating company focused on real estate operations.

Revenue Generation Model:

Revenue from management fees, asset income participation and transaction-related income.

Year Established: 2016

Number of Employees: 32

Brief History:

The platform has built a recurring revenue base and is raising institutional growth equity.

Reason for Capital Raising:

Equity capital for platform growth and balance-sheet strengthening.

Core Business Activity:

Real estate asset operations and management.

Company Stage: Active – institutional allocation

Revenue Generation Model:

Revenue from management fees, asset income participation and transaction-related income.

Detail

The opportunity concerns a real estate operating company active in real estate operations. The business is built around managing income-producing property assets, tenant relationships, asset operations and portfolio growth. It should be assessed as an operating business with defined commercial drivers, rather than as a generic financial product. The sponsor or manager is expected to demonstrate sector knowledge, control over execution, a credible reporting process and the capacity to manage the project through the full investment period. The commercial rationale is based on the practical economics of real estate operations. Revenue generation is expected to come from management fees, asset income participation and transaction-related income. The investment case therefore depends on the quality of the underlying assets, the reliability of demand, the competence of the operating team and the ability to convert the business plan into measurable cash generation. Investors should focus on whether the assumptions are supported by contracts, market evidence, operating history and a realistic implementation plan. Capital is intended to support equity capital for platform growth. The funds should be applied within the defined business perimeter and monitored through normal institutional reporting. For this type of opportunity, investors would normally expect clear use-of-funds controls, regular management information, budget monitoring, restrictions on material changes and a transparent approval process for major decisions. Where the structure involves a dedicated project vehicle or fund vehicle, the separation between the investment perimeter and the sponsor’s wider activities should be clearly documented. Execution risk is central to the assessment. The relevant diligence should cover management experience, asset control, customer or tenant demand, supplier and contractor arrangements, regulatory conditions, legal enforceability, insurance, reporting and the practical route to liquidity. A credible plan should explain how the business will be operated, which milestones must be achieved, how delays or cost pressure would be managed and what information investors will receive during the holding period. Investor protection should be analysed through the specific instrument and governance package. The current structure is described elsewhere in the dataset as preferred shares, and the investor position should be read together with subscription documents, constitutional documents, reporting obligations, transfer restrictions, tax considerations and risk factors. The narrative intentionally avoids repeating headline financial terms, because those terms belong in the structured fields of the platform and in the formal documentation. The opportunity is intended for institutional review. It should therefore be presented as a business profile: what the company or vehicle does, why the project exists, how the operating model creates value and which commercial factors matter before an investment committee proceeds to deeper due diligence. The investor should separately review the financial model, legal documentation, management accounts, audit status, sensitivity analysis and all assumptions supporting the business plan. In practical terms, the strongest review questions are whether the property operating platform has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents. In practical terms, the strongest review questions are whether the property operating platform has sufficient execution capacity, whether the business plan is based on verifiable market evidence, whether governance rights are adequate for the risk profile and whether the exit or redemption route is realistic under conservative conditions. The opportunity should not be evaluated only on presentation quality; it should be tested against asset-level evidence, contractual documentation, management reporting and downside scenarios. This makes the description useful for screening while leaving formal investment terms to the structured fields and transaction documents.

Pro-forma & Transaction

Deal/Revenue: 0.5x

Deal/EBITDA: 3.5x

Deal/Equity: 0.5x

Structure & Terms

Capital Structure: Equity 54.9%, liabilities 45.1%.

Investor Ranking: Preferred equity holder

Return Source Mix: Preferred dividends and share sale proceeds

Instrument: Preferred shares

Financial Reporting:

Accounting Standard: IFRS

Audit Status: Reviewed management accounts

Data Room:

Audit:

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