Poľana Krásne Sady 2. tranche

Investment in a distinctive residential development targeting a 15% gross return

Following the successful closing of the first tranche, we are continuing to finance the project through a second tranche of EUR 400,000. Located in the foothills of the High Tatras, the residential development has achieved strong pre-sales, with 28 of its 61 apartments already reserved.

The project forms part of the developer’s long-term master plan for a 100-hectare site—equivalent to one million square metres—in Mlynica. The developer is taking a systematic approach to long-term value creation by combining carefully regulated development, high-quality infrastructure and a strong emphasis on community living.

The developer has already built a kindergarten and primary school in the area and sold part of the land for the construction of detached homes, subject to strict development-density controls. As a resident of the area, the developer has a direct personal interest in its continued development and long-term prosperity. Through the application of regenerative development principles, Poľana offers a forward-looking and sustainable approach to modern living.

At Crowdberry, we believe this approach positions the project for long-term success and resilience, including during more challenging market conditions. Poľana builds on Crowdberry’s successful track record in real estate investments, which have generated an average annual return of 14% for investors on our platform to date.

Poľana Krásne Sady is a residential development located in the environmentally distinctive Krásne Sady area of Mlynica, in the Poprad district. The project comprises six modern, low-rise apartment buildings with 61 apartments, set within 4.5 hectares of landscaped grounds and featuring a low site coverage ratio of just 5%.

Investors acquire a 24.90% equity interest in the project and participate in the returns generated from the sale of apartments, holiday apartments and parking spaces. The project has already achieved a 45% pre-sale rate, with 28 of the 61 apartments subject to reservation agreements. It has also attracted financing interest from several banks and reached an advanced stage of the permitting process. The project has obtained a favourable binding opinion from the municipality, and the building authority has issued a decision approving the building plan. The decision is currently awaiting final and binding status, followed by formal verification of the construction design.

UPDATE (1 September 2026): The project timeline has been revised from the original schedule. This is due to a procedural remedy required in the permitting process for wastewater discharge, specifically the addition of a party to the proceedings. The building permit is now expected to become final and binding in Q1 2027, rather than within the next few weeks as previously anticipated. Construction is also expected to commence in Q1 2027, instead of Q2 2026, while completion and occupancy approval have been rescheduled to Q3 2028, compared with the previously stated Q4 2027.

The High Tatras region is Slovakia’s second-strongest residential property market after Bratislava, recording annual price growth of 13% and benefiting from sustained demand from buyers beyond the region, which has consistently exceeded supply. Poľana Krásne Sady offers investors a combination of premium market positioning, validated pre-sales and a clearly defined investment and exit horizon.

• Attractive 15% target return with preferential investor rights – investors benefit from a preferred return, followed by a share of the project’s profits (profit share), with both distributions ranking ahead of the developer’s entitlement.
• Strong pre-sales – before the start of full-scale construction, 45% of the residential units have already been reserved (28 of 61 apartments). This significantly reduces the project’s commercial risk and demonstrates strong market demand.
• Bank financing interest – the project is ready for bank financing and has already received two non-binding offers from banks. The release of investor funds is conditional upon an approved bank term sheet and the successful completion of due diligence.
• Strategic location with strong growth potential – the High Tatras region is Slovakia’s second-strongest residential property market after Bratislava. Mlynica offers excellent accessibility, with Poprad just 6 km away, stable property values and the appeal of living in the foothills of the High Tatras without the premium prices associated with the region’s leading resorts.
• Experienced developer with in-depth local expertise – the Zoričák family has been developing the 100-hectare Krásne Sady site since 2015, providing an important degree of quality assurance and long-term continuity. The developer also has a successful track record in retail development, including the MEGA shopping centres and Tatry Shopping Center.
• Advanced stage of project readiness – the project holds a valid binding opinion from the municipality of Mlynica, secured following five years of intensive preparation. It is approaching the final stage of obtaining the building permit, after which construction may commence in Q1 2027 with contractors already appointed.
• Technological advantage and operational efficiency – the project combines modern timber construction with sustainable features, including heat pumps and smart-building technologies. This provides an optimal balance between the selling price, construction quality and future operating costs.