CapitalRise Announces Third Deal: Offers Investors A Chance to Invest in Luxury £106M Knightbridge Development

CapitalRise, a London-based property investment platform, is launching its third deal with the chance for everyday savers to invest in a development of five townhouses and four apartments in Knightsbridge worth £106 million. The website has reportedly raised £1million for each of its first two offerings on property developments in Eaton Square, Belgravia, and Grosvenor Square, Mayfair. 

The investment portal revealed it is seeking to raise £1 million to complete the townhouses and apartments, which are forecast to sell for a total of £106 million in 2018. The five 6,000 sq ft contemporary interpretation of Georgian-style townhouses include basement gyms, a car lift to a subterranean car park and a 24-hour concierge service. The developer, a  Finchatton-led joint venture, has raised the majority of the investment and is refinancing £1m through the platform for the scheme.

Uma RajahAs previously reported, CapitalRise aims to differ from other platforms in that it offers higher returns (typically from 10%-18% per year), charges no fees and gives direct access to some of the finest real estates; investments can start from £1000. The founding team, who touts a combined 75+ years of direct real estate development & investment experience between them, invest alongside investors in every deal. Co-founder and CEO of CapitalRise, Uma Rajah, stated:

“It has been really interesting to see how many Millennials and young professionals are taking up the chance to invest in high end luxury property that would normally only be available to institutions or high net worth individuals. The first two projects were really successful and we have just paid out £20,000 in quarterly interest payments.  This type of investment suits everyone whether you are young professionals saving for a deposit, parents saving for their children’s future or investing for their retirement – we are attracting people who are looking to get more from their money by investing in London’s property market.”

Alex MichelinCo-founder Alex Michelin explained that customers using the investment come from a wide spectrum of society from young professionals to parents, to retirees, all of whom want to get something more from their money and are attracted by the opportunity to invest in London’s high-end property market with expected annual interest returns of 10%. He then added:

“We are bringing the opportunity to invest in high end real estate that was previously only available to financial institutions or high net worth individuals. The right property in the right place is still a valuable investment even in these uncertain times. In fact, we think that Brexit and Trump’s election will only make them even more attractive. The property market would have to fall by more than a third for CapitalRise customers to lose money on their investment. We are so confident in the projects that CapitalRise invest in that we all personally put money into each of the schemes.”

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