Daniil Kozin Book a call
Five live deals · May 2026

Five live real-asset deals across Europe.

Five real-asset deals open across Europe right now. Each one sourced through operators I know, with the legal structure walked through line by line. Tickets from €80,000 to €12.5 million. Quarterly cash on most, cycle-based on the solar SPV. All paperwork is EU.

See the five ↓ Book 30 minutes

A battery container in a Brașov industrial park. A production warehouse in lower Austria, refurbished last year, vacant and waiting. A solar trading SPV that runs in and out of a Romanian warehouse every 45 to 60 days. Five are open on the desk right now. What follows is the same information I had on hand before any of it went out to the circle.

01 / The five

Five real assets, open right now.

Solar Panel Trading SPV
Bucharest cycles, 45 to 60 days. Romanian SRL on the investor's name.
Ticket €121,000 (€100K + €21K refundable VAT)
Yield ~22.6% gross p.a. base, up to 42% upside
Horizon Revolving, 45 to 60 day cycles
Operator Worxspace, Brașov

Panels enter a Romanian warehouse, sit for 45 to 60 days, then sell out through the SPV to wholesalers, EPC contractors, and rooftop installers. Worxspace runs operations out of Brașov: single warehouse, Tier-1 insurance through Allianz or Generali included in the handling fee, B2B pre-orders feeding the next cycle so inventory does not sit, it flows through. Operations capacity runs around 20 containers a month. A run in April 2026 returned 23.45% on a single container.

Where the risk lives

Velocity. If a cycle slows because retail demand softens, the annualised yield drops with it. First-demand release means the SPV can pull inventory from the warehouse at any time.

Open the memo →
Mobile BESS Trailer
Trailer-mounted battery container, ten-year lease to a Romanian grid operator.
Ticket €80,000 co-invest floor
Yield ~15% gross p.a., quarterly
Horizon 10 years
Manufacturer Romanian battery manufacturer, Brașov

A trailer-mounted battery container manufactured in Brașov by a Romanian manufacturer, leased to a licensed Romanian grid operator. The asset sits on the investor's EU company balance sheet, with VAT handled through reverse charge on intra-EU acquisition. Tier-1 insurance covers the lease duration.

Where the risk lives

Operator counterparty across the ten-year horizon. Spread compression as more storage gets built. Cell warranty 10 to 15 years on the manufacturer side.

Open the memo →
Stationary BESS Container
3 MWh container in a Brașov industrial park, ten-year lease.
Ticket from €500,000 (3 MWh entry)
Yield up to 20% gross p.a., quarterly
Horizon 10 years, paid quarterly
Manufacturer Romanian battery manufacturer, Brașov

A 3 MWh container in a Brașov industrial park, on a ten-year lease to a licensed Romanian grid operator. Romania's day-night electricity spread runs 15 to 25%, the widest in the EU. Two stationary units of 250 kW are already operating in the same park. Site visit on request.

Where the risk lives

Operator counterparty over a decade. EU subsidy reshape. Spread compression as more storage gets built. Cell warranty runs 10 to 15 years on the manufacturer side.

Open the memo →
Light-Industrial Warehouse
St. Pölten, Austria. A1 corridor, about 60 minutes from Vienna.
Ticket €2.8M whole-deal
Yield ~7.7% gross (projected)
Status Vacant, refurbished 2025
Land 7,247 sqm freehold

A 3,057 sqm production and logistics facility on 7,247 sqm of freehold land in the St. Pölten industrial zone, on the A1 corridor about 60 minutes from Vienna. Built 1989, fully refurbished in 2025. Three warehouse halls at 6.35 m clear height with 5 t/sqm floor load capacity, three truck drive-in gates, own transformer station, 43 kWp rooftop solar, 50 sqm solar thermal. Holds Austrian food-grade production permits from a prior tenant. The listed lease rate of €18,000/month net (~€5.90/sqm) supports the gross yield shown. A long-term lease of the full facility is available as an alternative to purchase.

Where the risk lives

The property is vacant. Yield shown is the estimated rent the market should support. Actual yield depends on tenant find and lease terms. Property values in lower Austria are tracking sideways. Hold for cash, not for capital gains.

Open the memo →
Clean-Energy Industrial Park
Brașov, Romania. 100% share deal of the SPC that owns it.
Ticket €12.5M for 100% of the SPC
Yield ~9.1% gross (~5.3% net to EU investor)
Land 6.8 ha freehold, industrial zone
Anchor 5-year auto-renew lease

100% of the Romanian SPC that owns 6.8 hectares of freehold land in a designated industrial zone with property tax exemption. Two newly built industrial buildings (5,502 m² combined) commissioned August 2026. The anchor tenant is a European clean energy technology company on a five-year auto-renewal lease at €6 per sqm per month, taking 5,000 m² across both buildings. On-site 3.7 MWp solar park with battery storage supplies the tenant at 15% below grid tariff, surplus sold to grid via Romania's prosumator program.

Where the risk lives

Single anchor tenant in Year 1. Energy revenue depends on the solar park finishing commissioning. Three additional buildings have permits and foundations ready; pulling that trigger costs roughly €4M more CAPEX from the buyer and could approximately double rental income.

Open the memo →

How it works

You wire to the SPV that holds the asset. Quarterly cash lands in the account you nominate, the same week each quarter. The operator sends a monthly report with photographs and meter readings. Where the SPV is tokenized, ownership also sits in a wallet you control. If you want to exit before the lock ends, the SPV finds the next holder. That has worked every time so far, though there is no guarantee it always will.

The structure, in plain terms

A few ways this can work, depending on who is putting in money and how.

For most allocators on the desk, each deal sits inside its own SPV. You sign for that SPV directly. Your name is on the cap table. Where it fits, the SPV also issues tokens against itself so ownership settles cleanly in a wallet you control. Token price tracks NAV.

If you already have a company you would rather hold the position through, we use it. No new paperwork needed.

If you do not, I help set up a new vehicle (SRL, SPC, or similar) in the jurisdiction that fits your tax picture best.

If your ticket is closer to €40,000 to €80,000 and the deal would otherwise be out of reach, smaller allocators get pooled into a shared SPV. Same paperwork, same quarterly cash, smaller minimum.

Honest answer: the right structure depends on the deal and on you. Quicker to walk through on a call than to read about here.

Run your number

Want to see which of the five fits your shape and your horizon? The calculator does the filter for you.

Open the calculator →

The boring part

The SPV pays Romanian or Austrian corporate tax on its earnings. The structure pays a small annual SPV admin fee, usually 0.5% of NAV, taken from distributions before they reach you. I charge a 3 to 5% one-time structuring fee on the ticket, paid by the allocator at deal close. The exact percentage depends on ticket size and deal complexity, and the full breakdown is walked through on the call. No carry, no annual asset management charge, no performance fee.

Yields shown are the conservative base case from operator filings. The optimistic case is higher. The downside case lives in the memo.

Common questions

Who are these real-asset deals for?

Allocators with €80,000 or more to put into a real asset for three to ten years, paid in cash distributions or cycle reinvestment, not capital gains. If your priority is trading liquidity, this is the wrong page.

What is the minimum ticket?

€80,000 in the Mobile BESS pool. €121,000 in the Solar Panel Trading SPV. €500,000 in the Stationary BESS. €2.8M whole for the Austrian warehouse. €12.5M for 100% of the Brașov industrial park. Whole-deal is the default for the two larger ones. If interest aligns, the SPV can issue tokens against itself to enable a fractional structure. Ask on the call.

How are returns paid?

Quarterly bank transfer from the SPV to the account you nominate for the BESS deals and the Austrian warehouse. The Solar SPV reinvests after each 45 to 60 day cycle, or distributes on request.

What if I want to exit before the lock ends?

The SPV finds the next holder. That has worked every time so far. If it does not, you wait until the lock ends or until a buyer appears. The Solar SPV has a first-demand release built in: the SPV can pull inventory out of the warehouse at any time.

Is this regulated?

Each SPV operates under Romanian, Austrian, or Cypriot company law. The tokens, where issued, are ownership records held under the same law. You hold the SPV directly.

How long have you been doing this?

Tokenization side of the desk since 2024. Real-asset deals since the second half of the same year. Most of what reaches the desk does not end up on this page.

Worth a 30-minute call before you decide?

I want to know what you are looking for, not pitch you what is here. If one of the five fits, we will know by the end of the call. If not, the door stays open for the next batch.

Book 30 minutes → Open the calculator →