[TECRA Co., Ltd.] [Assumed annual interest rate 10.5%] Real estate crowdfunding “TECROWD”, overseas fund “COLOMBO”
Disclosure of information on funds that invest in “INTERNATIONAL AIRPORT HOTELS.”
*View in browser* *TECRA Co., Ltd.*
Press release: May 13, 2024
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[Assumed annual interest rate 10.5%] Real estate crowdfunding “TECROWD”, overseas fund “COLOMBO INTERNATIONAL AIRPORT”
Disclosure of information on funds that invest in “HOTELS.” *We are pleased to announce that we will begin recruiting for Fund No. 62 (approximately 1.56 billion yen) of real estate crowdfunding “TECROWD”, which allows you to invest overseas from 100,000 yen per unit, from 18:00 on May 21st. *
Fund No. 62 “COLOMBO INTERNATIONAL AIRPORT HOTELS”
TECRA Co., Ltd. (Head office: Nishi-ku, Yokohama City, Kanagawa Prefecture, TECROWD, operated by CEO Hironobu Niino, is a real estate crowdfunding company based on the Real Estate Specified Joint Enterprise Act (under the jurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism).
We have newly launched the 62nd fund “COLOMBO INTERNATIONAL AIRPORT”. HOTELS” information will be released from May 10, 2024, and
recruitment will begin from 6:00 PM on May 21, 2024.
* Overview of Fund No. 62 “COLOMBO INTERNATIONAL AIRPORT HOTELS” * This project is the acquisition and operation of a hotel directly connected to Bandaranaike International Airport in Sri Lanka. We plan to purchase hotels that have been built or are under construction, enter into a master lease agreement with the operating company after completion, and then operate the property, and sell the property after the operating period ends.
This is an income gain + capital gain type hybrid fund that uses the funds invested by investors to pay for hotel acquisition costs and pays dividends from the income gain after completion and capital gain upon sale.
*The target property consists of a total of 9 floors, 1 basement floor and 8 floors above ground, but this fund will acquire 5 floors from the 1st basement floor to the 4th floor.
Scheduled start date of recruitment: May 21, 2024
Planned start date of operation: June 1, 2024
Scheduled first dividend date: August 29, 2025
Estimated operating period: 36 months
Offering amount 1,562,400,000 yen (separate subordinated investment 173,600,000 yen)
Assumed yield (annual interest rate) 10.5%
Minimum investment amount 100,000 yen
*Membership registration, including identity verification and prescribed screening, is required to start investing.
*Large hotel directly connected to the international airport* This property is a hotel directly connected to Bandaranaike
International Airport, Sri Lanka’s only international airport. While the number of tourists is increasing due to tourist attraction policies and increasing demand for transit to the Maldives, there are no large-scale hotels around the airport, and there is not enough supply.
Additionally, this property can be used for transit purposes, and a solid occupancy rate can be expected.
Considering the stable operation supported by demand and the lack of competition, we believe that the possibility of success of this project is extremely high.
*About Sri Lanka*
Characteristics of Sri Lanka
Sri Lanka’s land area is 65,610km2, which is about 0.8 times the size of Hokkaido, but its population is approximately 22.18 million people, making it a country with a high population density compared to Japan. Until 2009, the conflict continued for about 30 years, but after the conflict ended, domestic demand and the influx of foreign tourists picked up, and the country experienced economic growth.
As for its location, it is located in the center of the Indian Ocean, with easy access to Asia, Africa, and the Middle East, and has established itself as a gateway to South Asian countries.
(Reference: JICA report
About the operating company
TECRA Co., Ltd.
Head office location: Queens Tower A4F, 2-3-1 Minatomirai, Nishi-ku, Yokohama, Kanagawa Prefecture
Representative Director and President: Hironobu Niino
Capital: 156.6 million yen
Business content: Real estate buying and selling, rental, brokerage, management, real estate crowdfunding based on the Real Estate Specified Business Law
Homepage: https://www.tecra.jp/
Real Estate Broker License Kanagawa Prefecture Governor No. 26122 Real estate specified joint business license Kanagawa Prefecture Governor No. 12 *The following is special information for media personnel only. Please refrain from disclosing information on personal SNS etc.
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