This is your chance! New development loan opportunity in Italy!
Type of opportunity: Loan. Modality: Development Loan.
The recently completed second Italian development loan opportunity was a total success, fully funded in less than a day! Did you get a chance to invest? If not, we have the perfect opportunity for you because the third development loan opportunity in Italy is here!
Castellero Timeless Charm Resort consists in the granting of a loan to a project developer for the rehabilitation of 2,468 square meters castle in the Piedmont region of Monferrato that will be transformed into a luxury condo hotel composed by 22 premium suites, all fully furnished by Bertone Design, a SPA, a high standard restaurant and other facilities for the 12,000 square meters equipped garden, including swimming pools area. Check out this video:
Key points:
This UNESCO heritage site encompasses hills covered with vineyards, hamlets, secular wine cellars, farmhouses, middle age towers and castles that soar in the panorama. The Castellero Castle stands out for the harmony and balance between the aesthetic qualities of its landscapes, and the architectural and historical diversity of artefacts used for the production of wines.
The wines produced in this region are world renowned and internationally recognized as among the best in the world. In 2014, the Langhe and Monferrato vineyards have been listed by the UNESCO as human heritage to be preserved. This territory is blessed with Barolo, Barbera and Barbaresco grapes, which add to it being the ultimate destination for wine connoisseurs or simply for those interested in learning more about wine through a winemaking club.
This unique land is also well known for Alba’s white truffles, considered to be the best in the world. Alba´s white truffles coupled with the local production of high quality cheese set this destination as the ultimate Italian gourmet tour for foodies and wine lovers.
Castellero Resort will be offering a variety of residential suites to meet guests needs:
• 4 Deluxe Suites: average unit size of 100 sqm with two bathrooms per suite.
• 16 Superior Suites: average unit size of 60 sqm with one bathroom per suite.
• 2 Junior Suites: average unit size of 32 sqm with one bathroom per suite.
In order to preserve the natural beauty of the surroundings, underground parking garages have been built for the convenience of hotel guests.
The Castle itself is located in Castellero, a small borgo nearby Asti, in the Langhe and Monferrato area, the exact address of the property is Piazza Giuseppe Romita, 14011 Castellero, province of Asti (Piedmont).
Castellero’s strategic location is less than 60 km from the Piedmont capital of Turin and can be accessed via the State Highway A21. The nearest airport is Turin Caselle International Airport, which is 80 km north-west of the project site and can be reached in around 60 minutes. Milan is also easily accessible and can be reached in approximately 70 minutes via the state highways A21/A7.
Castellero Timeless Charm Resort is close to many amazing attractions such as golf courses, ski areas, thermal baths, and more.
Faberstone Capital Srl, together with a pool of financial investors, is the project developer carrying out the development of the Castellero Resort Project through its subsidiary, PALMA Spa. Faberstone has two investments in its portfolio to date. The first, Sublimis Spa, is a company operating in the food sector with a special focus on the production of fresh pasta, and has an aggregate turnover of around € 8 million. The second, PALMA Spa, will be overseeing the complete development of the Castellero condo-hotel.
In the past, Faberstone has developed other real estate initiatives in the Langhe Monferrato, namely 3 interventions for the recovery and restoration of historic residences, for a total countervalue of approximately € 5 million.
Additionally, Engel & Völkers will act as a commercial and marketing partner for the Castellero Resort project. Engel & Völkers is the leading company worldwide in the intermediation of high quality residential and commercial properties, yachts and airplanes in the premium segment. The company currently operates in over 30 countries and on four continents, offering customers a range of tailor-made professional services. They will operate through their international network on an exclusive basis for the sale of the Castellero apartments.
Finally, Bertone Design will serve as the interior design and communication partner for the Castellero Resort project. Founded in 1912, Bertone is one of the most historic and prestigious design brands made in Italy, and will design the building complex interiors, while also overseeing communication for the project.
In addition, it is important to note that Argos (similar to the agreement with GOC in Spain) will carry out the monitoring of this project, so that there will be a permanent control of all the capital that investors contribute.
Don't Miss Out!
In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
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