Cogress completes successful £8.1m exit from luxury Eaton Mansions plot
Cogress, the open private equity firm focused on property, has completed its third successful exit of 2017 and delivered significant returns for investors in the process.
The development has been sold by Beauchamp Estates, who were jointly instructed on the property, which sees Cogress selling off its interest in Eaton Mansions near Sloane Square for £8.1m after it raised £1.7m equity on its platform for the development back in 2016, meaning early investors have secured as much as a 23% return over the duration of the project.
Sitting on the third floor of a Victorian building at Cliveden Place, the 2,606 sq ft four-bedroom apartment was refurbished by Belgrave Mews Ltd, maintaining its original features and boasting a secluded communal roof garden to boot.
The deal marks another successful exit for Cogress which provides investors with access to £10m+ property investment opportunities that usually reserved for high net worth individuals.
Tal Orly, Founder & CEO of Cogress UK, commented: “We’re really pleased to have achieved a double digit return for our investors with the sale of Eaton Mansions despite the slowdown in the luxury property sector.
“This is testament to the highly rigorous and project- specific due diligence process that our team of legal, finance and property experts carry out with each investment opportunity.
“The sale of Eaton Mansions reaffirms our commitment to matching our network of qualified investors with the best opportunities and rewarding the trust they have in Cogress.”