The strength of this project is that the properties are bought for commercial prices and sold for residential prices. Commercial real estate is valued lower because of its use, so when you find a property that ticks all the boxes of being able to convert into residential real estate it usually means a healthy project margin. Keep in mind, though, that conversions like these do need a big and in some cases complex renovation. The building in the street Carrer Cieza in Valencia is located into a workers neighbourhood build in the 1950’s/1960’s in the surroundings of the city center. In the last years, this area has been improved and just across the main street (that is one of the ways to enter the Valencian city center) connected to the Cieza street, the city’s municipality decided to build one of their city hall offices. The in total 90 square meter apartment will be completely transformed with the My Blue Bricks formula in which you walk in and never want to leave again, or being able to picture yourself living there with your family.

The project is going to be a fix and flip project. Meaning that we are going to buy, then renovate, and once done sell the apartment. For the fix and flip concept, our investment community can participate in two ways:

• Via a variable contract: You are investing in the project and getting your investment plus interest back after completion of the project. Your return is based on the final selling price of the property, or in other words, the successfulness of the project, with a minimum of 5% guaranteed and an added 7,5% variable. In total, this could add up to 12,5% upon selling the property. Another possibility is becoming the only investor for the total project. Choosing this option, the final results will be splitted 50/50% between you and My Blue Bricks.