BlocHome Token
Effortlessly invest in high-standard top-located Luxembourgish Real Estate with as little as €1,000
Starting with as little as €1,000, investors can easily buy, manage, and sell their stakes in high-quality Luxembourgish Real Estate. This innovative approach democratizes access to the real estate market, making it accessible to everyone. Already 350 active investors have committed over €3,000,000 to the project.
BlocHome offers an innovative approach to real estate investment through the tokenization of property ownership. The project allows investors to purchase fractional shares of high-quality real estate assets, starting with as little as €1,000. Each investment is represented by BlocHome Tokens (BHT), ERC20 tokens issued on the ‘Polygon’ network, ensuring secure and transparent transactions.
The capital raised is utilized to acquire and develop a diversified portfolio of properties, manage operational expenses, and repay financial indebtedness occuring at acquisition of the buildings. The investment strategy focuses on gradual accumulation of real estate holdings, providing investors with the benefits of property appreciation and rental income through dividend distribution. BlocHome’s community-centric approach encourages participation and shared ownership, fostering a supportive investment environment.
With biannual independent valuations and a commitment to transparency and regulatory compliance, BlocHome democratizes access to real estate investment, making it accessible, flexible, and secure for a broad audience.
HIGHLIGHTS
PROJECT STRATEGY
The BlocHome Security Token Offering was first launched in December of 2021. The goal was to acquire Primus Sàrl which holds the Underlying Real Estate Asset — the Clapton Residence in Cessange valued at EUR 7,990,000 in December 2021. Since then, BlocHome SV SA has raised over 3 Million EUR and has acquired the Underlying Asset.
By adhering to its strategy, BlocHome aims to provide a secure, flexible, and profitable investment platform that makes real estate ownership accessible to everyone, regardless of their financial background.
Fractional Ownership:
BlocHome allows users to invest small amounts of money to purchase fractions of properties. This fractional ownership model lowers the barrier to entry, making real estate investment accessible to a broader audience.
Investments are represented by BlocHome Tokens (BHT), which are ERC20 tokens legally signifying shares in the properties owned by BlocHome.
Diversified Portfolio:
BlocHome focuses on building a diversified portfolio of high-quality properties. The current portfolio includes a residential building- Clapton Residence in Luxembourg-Cessange. Further buildings might be added depending on attractive market conditions, a new building is only added after a favorable shareholder vote.
Gradual Investment:
Investors can start with as little as €50 per month through subscription packs, gradually increasing their holdings. This model is designed to accommodate investors who prefer spreading their investment over time rather than a lump sum.
Community and Flexibility:
BlocHome fosters a community of investors who can participate in decision-making processes and benefit from shared ownership. The Offer is designed to be flexible, allowing investors to buy, sell, and manage their holdings easily through a token dashboard.
Value Growth and Income:
Investors benefit from both property appreciation and rental income. The portfolio is valued biannually by independent third-party experts, ensuring transparent and up-to-date assessments of the investment’s value.
USE OF FUNDS
The raised funds will be used to fill up the remaining equity and repay the debt that was taken to acquire the Real Estate Asset — the Clapton Residence, which will allow BlocHome SV SA to decrease its financial liabilities and increase the ROI for investors by diminishing the time to distribute dividends. The yearly expenses related to the building management will be distracted from the rental income to determine the amount of dividends to be distributed.
The proceeds from the issuance of the securities will also be utilized in several key areas. First, a portion of the funds will be allocated to create a reserve for reasonably expected fees and expenses. This ensures that the issuer is prepared for any anticipated costs. Second, the capital will be invested directly or indirectly into the underlying real estate assets. This investment includes the acquisition and development of high-quality properties to be included in BlocHome’s portfolio. Finally, part of the funds will be used to repay any outstanding amounts under the financial indebtedness, thereby ensuring the financial stability and operational efficiency of the issuer.
COMPANY OVERVIEW
BlocHome aims to democratize real estate investment by offering a platform where users can purchase fractional ownership in high-quality properties. The platform facilitates investments starting at €1,000, allowing investors to own parts of properties and benefit from rental income and property appreciation. BlocHome uses a tokenized model where BlocHome Tokens (BHT), ERC20 tokens, represent shares in the real estate portfolio.
BlocHome’s team has extensive knowledge of the Luxembourg real estate investment market. The board consists of experienced real estate developers with an excellent reputation in the Luxembourg real estate market, a seasoned investment fund manager with more than 20 years of experience and a BDO partner specializing in tax matters. The president of BlocHome SV is a former board member of BGL with more than 30 years of experience in the banking sector.
Blochome SV SA, a public limited liability company (société anonyme) with its headquarters in Luxembourg, Grand Duchy of Luxembourg, operating under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register under number B256112 and with its LEI number: 9845002E753E6869KB20.
Website: www.blochome.com
MANAGEMENT TEAM
Director of the Board
Marc Lenert was a member of the Executive Management Board of a leading Luxembourg bank for more than 15 years. Furthermore he served as a member of the Board of Directors with major players in the financial sector in Luxembourg. Throughout his long career in finance, he has gathered extensive experiences in multiple banking departments. These experiences have shaped his decision-making which allowed him to be a top level executive in the banking field.
Board Member
Marc Hahn has over 30 years of experience in the construction and real etate sector. He is a learned static engineer, crucial expertise which has established him as an expert in buildings and construction.
Board Member
Danielle Dall’Armellina has over 25 years of experience in the taxation field. She has gathered intensive experience for 22 years at Deloitte. Her areas of expertise were direct tax advisory services, direct tax compliance work and performing tax audits to banking groups and other professionals from the financial sector. Thereafter she joined BDO to become a director of the tax compliance group in which they were providing tax compliance services such as tax returns, tax due diligence, tax provisions calculation, withholding tax returns for all kind of national and international clients.
Board Member
Claude Muller has over 25 years of experience in the real estate sector. He is the head of Group Immobilier Luxembourgeois, which he navigated successfully over the past decades to become a large actor in the Luxembourgish real estate sector.
Board Member
Hugo Vautier worked in the banking sector. where he became Senior Corporate Team Leader within the Wealth Management department of a Top-Tier private bank in Luxembourg. In 2012, Hugo joined the Luxembourg office of a Flemish financial group. He was then appointed as conducting officer in charge of Finance and Operations, duly authorized by the CSSF, for the group’s Wealth Management entity registered as a PSF in Luxembourg. He is in charge of managing the Central Administration and Transfer Agency teams and driving the growth of the Fund Administration department. Hugo also serves as executive and non-executive director within the board of Luxembourg-based General Partners, as well as commercial, securitisation and holding companies.
UNDERLYING ASSET
The Issuer will use the proceeds of the issuance of Shares to acquire up to 100% of the shares in the share capital of the company Primus Luxembourg S.à r.l., which is the owner of the underlying asset, the Clapton Residence.
The Clapton Residence consists of the building Clapton in the commune of Luxembourg with the address 73, Cessange street, L‑1320 Luxembourg. It is composed of eight apartments.
• Percentage of Leased or Sold Units: >90% within first six months
• Vacancy Rate: <5%
The Location:
Luxembourg-Cessange is a diverse and multicultural residential neighborhood offering numerous amenities, including leisure facilities, schools, shops, and green spaces. Located just five minutes from Luxembourg City center, it borders the popular districts of Gasperich, Cloche d’Or, Merl, and Hollerich, and provides easy access to major freeways to Belgium, France, and Germany.
The area boasts major highway convenience, 23 bus stops, a vel’OH! station, two car parks, and 13 spaces for people with reduced mobility. Leisure options include Cessange park, eight playgrounds, soccer and beach volleyball fields, a cultural center, the Boy Konen Stadium and Bike Park, a sports hall, and two fitness centers.
Cessange also offers several schools and educational institutions and is one of the city’s fastest-growing residential areas. The nearby Pétrusse valley is a popular spot for family walks and training for runners and cyclists.
Luxembourg Residential Market Overview:
The residential market in Luxembourg is dynamic and growing, with the country’s attractiveness and projected population growth expected to outperform most other European countries. Single-family homes are being replaced by multifamily properties due to a lack of buildable land, making apartments the most sought-after asset.
In Luxembourg, 69% of households own their homes, with ownership rates increasing steadily from age 30 onwards. Sale prices, particularly in the capital, are rising rapidly.
Rents are also rising due to high demand and the limited supply of rental properties with desirable characteristics such as the underlying asset quality.
FINANCIAL OVERVIEW
• Building value increase per year: 4%
• Rent increase per unit per year: 2.25%
EY Luxembourg valued the building at EUR 8,450,000 in 2022. By 2043, the Clapton residence is expected to reach EUR 17,802,876. Given the high demand and limited supply in the Luxembourgish housing market, a higher value increase is possible. The population is projected to grow from 650,000 to 1,000,000 by 2050, maintaining pressure on the housing market.
The annual increase in rental revenue and decrease in financial liabilities will consistently boost the operating result, raising potential dividend distributions to EUR 340,000 for the maximum circulating supply of 7,990,000 shares. The ROI is expected to rise from 2.67% in 2024 to 11.79% in 2043.
The share value is anticipated to increase by 110.6% by 2043 in a conservative scenario, excluding dividend distributions.
INVESTMENT TERMS
BlocHome Tokens (BHT) are ERC20 tokens issued on the Polygon network. These tokens represent shares in the real estate portfolio and are registered in the issuer’s primary register in Luxembourg. Transfers of tokens within the Digital Ledger Technology (DLT) trigger the transfer of the underlying security represented by the tokens. However, these transfers are not valid and enforceable until they are registered in the shares register of the issuer.
The securities are issued under Luxembourg law and are subject to the Securitisation Law of 22 March 2004. The offering is exempt from the obligation to produce a prospectus under the Luxembourg law of 16 July 2019, provided the aggregate principal amount of securities does not exceed EUR 8,000,000 calculated over 12 months.
The term of the investment is linked to the underlying real estate assets and the operational lifespan of BlocHome SV SA. The securities are not convertible to any other financial instruments but may be repurchased or redeemed under specific conditions as per Luxembourg law. The securities do not have a fixed maturity date. Redemption or repurchase of securities may occur under the terms and conditions set forth by the issuer, typically involving conditions where the issuer’s net assets are not reduced below the subscribed capital and legally required reserves.
The value of the investment is expected to grow over time through the appreciation of the underlying real estate assets and rental income. The portfolio is valued biannually by independent third-party experts.
Step 1: Registration and qualification as an accredited investor
Investors who wish to invest in BlocHome Token must register on the investment platform operated by BlocHome SV SA. After successful registration and login, you will have access to the complete investment documentation.
Step 2: Know Your Customer (KYC) and Anti-Money Laundering (AML) Compliance
All prospective investors must provide BMCP GmbH & BlocHome SV SA with KYC information in order for the issuer to perform the required KYC and AML analyses and to otherwise confirm that the investor meets other suitability requirements that the issuer may require from time to time. BlocHome SV SA and BMCP GmbH reserves the right to reject any investment at its sole discretion.
Step 3: Subscription process
After completing Step 2, you can select and confirm the investment amount, your preferred payment method and payment currency (EUR).
Step 4: Purchase of BlocHome Token
Send EUR to the Issuer BlocHome SV SA.
Step 5: Receiving BlocHome Token
The tokens will be transferred to the investor within seven days after receiving the payment.
BlocHome Token
Target Fund Raise
EUR 4,000,000
For Retail Investors from
Luxembourg
For Professional Investors from
Europe
Issuer | BlocHome SV SA |
---|---|
Jurisdiction | Luxembourg |
ISIN | LU2613806764 |
Instrument Type | Equity shares |
Total Investment Volume | €4,000,000 |
Min. Investment Amount | €1,000 |
Max. Investment Amount | €2,000,000 |
Denomination | €1.00 |
ROI | 3–10% p.a. |
Cap Rate | >6% |
Gross Yield | 3–5% p.a. |
Net operating Income | >5% year-over-year increase |
Start of Offering | 23 July 2024 |
End of Offering | 31 December 2024 |
Term | no fixed holding period |
Maturity | see “Investment Terms” |
Accepted Currencies | EUR |
Secondary Trading | Yes |
Investor Documentation
More information about the issuer, as well as the legal documentation you will receive after registration. We are available for questions at any time – contact@blackmanta.capital
Interested investors must register and qualify as professional client according to Annex II of DIRECTIVE 2014/65/EU. A professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs.
Potential investors must successfully complete an investor identification process in accordance with anti-money laundering rules in order to invest. Only identified and verified investors can participate in the offering and purchase tokens. There is no preferential subscription right for investors. There is no entitlement to allocation of the tokens. Acquired tokens will be credited to the investors’ personal wallet and simultaneously recorded in the issuer’s register.
Legal Information
The information in this Offering is intended solely for investors who are not located or resident in certain other restricted jurisdictions and who are not otherwise permitted to receive such information.
The information in this Offering does not constitute an offer or solicitation to purchase any securities in the United States, Australia, Canada, Japan, South Africa, the Republic of China or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation.
Users of this information are requested to inform themselves about and to observe any such restrictions. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
An investment involves considerable risks and can lead to the complete loss of the assets invested. In the interests of risk diversification, only those amounts of money should be invested that are not required or expected to be returned in the near future. However, the risk is limited to the investment sum made and there is therefore no obligation to make additional contributions.
The Issuer is solely responsible for all contents and information provided regarding the offering. BMCP GmbH acts as a pure intermediary and assumes no liability for the accuracy of the provided content.
For its distribution services BMCP receives ongoing success fees of 5% for placements.
DISCLAIMER
MARKETING NOTICE PURSUANT TO § BT 3.1.1 MACOMP
THE FOLLOWING IS A MARKETING COMMUNICATION AND NOT AN INVESTMENT RECOMMENDATION. THIS ADVERTISING COMMUNICATION IS THEREFORE NOT A SUBSTITUTE FOR INVESTMENT ADVICE AND DOES NOT TAKE INTO ACCOUNT THE LEGAL PROVISIONS PROMOTING THE INDEPENDENCE OF FINANCIAL ANALYSES, NOR IS IT SUBJECT TO THE PROHIBITION ON TRADING FOLLOWING THE DISSEMINATION OF FINANCIAL ANALYSES.
THIS SITE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES TO ANY PERSON IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. THE DISTRIBUTION OF THIS OFFER MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS. FAILURE TO COMPLY WITH SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTION.
THE OFFER IS ONLY AVAILABLE TO INVESTORS FROM EUROPE WHO HAVE EXPRESSED AN INTEREST IN INVESTING IN THE OFFERING.
THE INVESTMENT INTO THE SECURITIES BEARS A RISK OF TOTAL LOSS OF THE INVESTED CAPITAL. IN SUCH A CASE THE INVESTOR WILL NOT RECEIVE HIS INVESTED CAPITAL BACK; INTEREST; OR ANY OTHER REMEDIES.