The project by startup LetzToken, launched at the end of 2021, has enabled 280 people to access property thanks to tokens and to become co-owners of the Clapton residence in Luxembourg-Cessange. The residence has eight flats and was designed in a participatory approach with investors. The investment platform allows people to pitch in starting from €1,000 and to acquire real estate through secure tokens. The residence has a total cost of €7,990,000 and BlocHome has issued as many tokens, of which 2,150,000 have already been sold. The handover of the keys is scheduled for the first quarter of 2023. The sale was launched in December 2021, in partnership with real estate firm RMS Immobilière and real estate loan company Creditsimmo.
The Clapton residence in Cessange is the first project to benefit from this project structuring, but BlocHome's ambitions are international. The investment remains open as long as shares are available.
This story was first published in French on Paperjam. It has been translated and edited for Delano.