Renzenbrink & Partner advises Zinsland on the joint venture with Exporo AG and the formation of the company
7. October 2019Renzenbrink & Partner advised Zinsland (Civum GmbH), the number 2 on the German market for real estate crowdfunding investments, on its joint venture with Exporo AG, the market leader for digital real estate investments. As a result of the joint venture, the two platforms will have a market share of approx. 85 percent in real estate crowd investing and approx. 190 employees. Exporo AG currently has around 20,000 investors, Zinsland around 6,000. Together, the number of European digital real estate investors on the jointly operated platform is set to exceed the million mark in the medium term, thereby further democratizing access to the professional real estate market.
Zinsland was founded in Hamburg in 2014 as a pioneer of crowd investing. On its online platform, it transparently provides private investors with financial investments from 500 euros in real estate projects. Since its foundation, Zinsland and its 40 employees have financed around 78 projects with a volume of around 67 million euros and developed the innovative Caladio platform, which project developers can use to put together the entire financing for a project – with the involvement of banks.
Exporo, also founded in Hamburg in 2014, is the market leader in real estate crowd investing with a market share of around 70% and around 150 employees. Like Zinsland, Exporo brokers financial investments in real estate on its online platform. Since its foundation, Exporo has financed around 207 projects and raised capital totaling around 515 million euros.
Renzenbrink & Partner advised Zinsland on all legal aspects of the joint venture with Exporo. The team consisted of partner Dr. Ulf Renzenbrink and associate Dr. Alexander Haunschild (both Corporate/ M&A).