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CapitalRise experiences strong demand amongst millennials as it launches third deal

Property investment platform CapitalRise is to launch its third investment deal on a luxury apartment development in Knightsbridge at the same time as it has released data showing the strong appetite for alternative investment amongst millennials.

The London-based FinTech firm is giving investors the chance to invest in a £106m development near Harrods, which will include five upmarket townhouses and four apartment as part of a Finchatton-led project.

Developers Finchatton are looking to raise £1m to complete work on the development, in a deal which follows similar £1m raises for properties in Belgravia and Mayfair.

Ahead of the new deal’s launch, CapitalRise have also revealed that its platform is proving popular amongst young investors, hinting at the rising popularity of alternative investment platforms with millennials.

According to CapitalRise, investors aged 20-34 years old have accounted for 23% of all investors on the platform as digital-savvy young professionals turn to more innovative forms of investment and finance.

The firm’s Chief Executive Officer, Uma Rajah, believes CapitalRise’s platform provides financially straitened millennials the opportunity to invest in luxury property usually reserved for big instituions or wealthy individuals.

She said: “The first two projects were really successful and we have just paid out £2​0​,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.”

Launched in July this year, CapitalRise was devised by Alex Michelin and Andrew Dunn, the founders behind design and development firm Finchatton.

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