Cogress raise £1.6m for new mixed-use Finchley development
Growing demand for property in the capital and a influx of investors have helped open equity specialists, Cogress, secure £1.6m to fund a new mixed-use property development in N3.
Located in Finchley, one of the most desirable neighbourhoods in London, this project will be comprised of 5,920 sq ft of commercial space and nine residential units. The leafy northwest London neighbourhood offers residents quiet, tranquil streets, a plenitude of independent shops and cafés, excellent schools and unparalleled transport links. Finchley is not only home to four London Underground tube stations; it is also served by many bus routes and is situated nearby the M1 and the North Circular Road, the perfect location for all commuters.
Cogress will be working with Global Acquisitions Group, a leading London developer, on the project. With a targeted exit date of September 2019, the development is expected to sell for £6.9m.
With its pioneering proposition that offers access to multi-million-pound property investment opportunities usually reserved for large investors, Cogress enables its network of more than 4,000 qualified investors to become involved in the project with a minimum investment of £20,000.
Tal Orly, Founder & CEO of Cogress UK, said: “We are constantly striving to diversify our portfolio to bring our growing network of qualified investors the best investment opportunities across London. Whilst the wider market endures uncertain times, we must be agile in adapting to investor demand for more affordable development opportunity, like this property in Finchley..”
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