Following the full subscription of their first £1m offer at the end of 2014, Property Crowd, which is considered the first UK real estate crowdfunding platform to operate under Financial Conduct Authority (FCA) regulations, announces the launch of a new £1m offer for Central London luxury new build property by St James, one of the UK’s leading residential developers.
Property Crowd’s offer enables investment into one of the world’s most sought after property markets from as little as £5,000. Property Crowd investors will receive 100% of the net rental income, and will also benefit from 75% of the capital appreciation upon a sale, expected to be in five to six years. The development is located on the Fulham riverside in SW6 and Property Crowd already has pledges to cover 20% of the offer from its existing members prior to launch.
Commenting on today’s launch, Property Crowd’s Sales and Marketing director of Property Crowd, James Robinson said:
“The barriers to entry to investing in prime central London property have traditionally been very high. Until recently it has been the preserve of institutional investors or some of the world’s wealthiest people. Property Crowd offers access to this coveted and highly performing asset class in a hassle free and regulated way.
“Through Property Crowd’s crowdfunding model, we are able to make the benefits of investing in high quality city-centre residential developments accessible to ordinary investors looking for the benefits of a rental yield and strong capital appreciation.”
Property Crowd combines in-house real estate investment expertise with partnerships with developers who have proven track records. This structure aims to take the hassle, risk, and long-term obligation out of investing in a tangible and secure asset class.
Property Crowd is an Appointed Representative of Gallium Fund Solutions, who are authorised and regulated by the Financial Conduct Authority. Gallium has launched over 100 funds with gross assets of over £14 billion, investing primarily in real estate assets worldwide. Property Crowd adheres to Gallium’s strict compliance procedures.
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