Earlier this week, Grand Designs presenter and designer Kevin McCloud launched a mini bond campaign for his latest sustainable housing project, HAB Housing. Within a matter of days, the initiative successfully secured its initial funding target of £1 million.
McCloud and his team stated:
“We create homes that lift the spirit and we want you to help us build lots more of them. We are a growing business with an impeccable planning history and an established track record, that is now delivering triple bottom line results. So we felt that now is the right time to offer this Mini-Bond with our sister company HAB Land to give investors the chance to directly fund our schemes.”
The team also noted that investing in HAB delivers triple-bottom line returns, an enviable interest rate, collective carbon and environmental benefits and positive social impacts. The 5-year mini bond has an 8% gross AER over 6 years (7% if held for 2 years). It was also noted:
“HAB Housing is already a successful crowd funding pioneer, with an existing investor base of over 650 people. When we launched our last call for investment into a HAB company, we broke world records and raised nearly double our target. With a strong project pipeline ahead, it’s easy to see why people chose to join us and continue to support us.”
Sharing his thoughts on HAB’s already mini bond success, McCloud reportedly revealed:
“To see the level of interest and commitment from like-minded investors in our crowd fund has been excellent. It is clear that our passion for sustainable living, great design and building communities has real resonance. Whilst our initial fund raise level has been met, there is plenty more opportunity for others to invest as we seek to crowd fund £3 million.”
The mini bond campaign is set to run for the next 60 days.
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