Last week, property crowdfunding platform, Transcendent Real Estate (TRE), officially opened its doors for investors. The Manchester-based company currently offers direct equity investments in commercial real estate assets through the UK. Its first property is 43-45 Lever Street.
The 13,182sq property is located at the junction of Stephenson Square and Lever Street in Manchester’s Northern Quarter. It’s currently the home of Whitecross Dental Surgery, which has a new 15-year lease, and a bar/restaurant, Bakerie. Transcendent is seeking 2.8 million to complete the building’s acquisition.
While sharing details about Transcendent, founder James Nichols, stated:
“TRE was an idea developed as a result of seeing excellent deals that I personally would like to invest in myself but not having the resources to do so. Commercial real estate investment has previously been an arena only generally open to investors with significant equity at their disposal. This isn’t a new way of doing business. Syndicated property has been happening for decades but was always a closed shop to outsiders and was never open to the public. TRE now allows anyone with available funds from £5,000 upwards the opportunity to acquire shares providing they meet the relevant investor criteria on the platform.”
He also noted:
“The UK property market remains one of the strongest in the world and the current low interest rates, low bond yields and volatile equities post Brexit means this is an excellent alternative asset class for investors. We have created our fully automated crowdfunding platform to enable both small and large investors to access these great investment opportunities. We have created our fully automated crowdfunding platform to enable both small and large investors to access these great investment opportunities.”
TRE has been authorized and is now regulated by the Financial Conduct Authority (FCA) and is being advised by Navarro and GDP Funding. Nichols previously held positions at WHR and Savills, has over 15 years of experience in real estate.
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