Member Article

CapitalRise has closed its biggest fundraise yet for a new development in Hampshire

Crowd investors on CapitalRise have contributed to the property crowdfunding platform’s biggest raise yet for a new development of luxury homes in Hampshire.

£1.35m was raised for the Woodhill scheme by Alfred Homes which the developer has planned in Chandler’s Ford.

Offering two three-bedroom and ten four-bedroom homes designed by architect Andrew Smith, the project is expected to complete by the end of 2018 and will deliver investors returns of 10% per annum according to CapitalRise.

The raise follows the launch of CapitalRise’s Innovative Finance ISA (IFISA) product, the ISA which launched this year specifically for those looking to make tax-free savings on their peer-to-peer investments, with 64% of those contributing to the latest investment opportunity opting to do so using their ISA allowances.

Uma Rajah, CEO of London-based CapitalRise said: “We’re thrilled at the take-up of our new Innovative Finance ISA and with the number of people transferring in from other providers to achieve a higher return on their investments.

“Investing in fine real estate has so far only been available to the wealthy and institutions with millions to invest. CapitalRise changes this by allowing anyone to invest in these attractive luxury properties from as little as £1000, and opening up the higher returns that are available.”