Cogress expands its property development outside London with £1.7m fund
London-based property investment firm Cogress has made an alternative development securing £1.7m to fund a new residential development in Bristol.
This development acquires a 19,600 sq-ft site at 515-517 Stockwood Road in Brislington. It will develop, refurbish and convert existing commercial space into 56 private residential units.
This is Cogress’ first venture with Complete Project Development Ltd, and is expected to last 24 months. Cogress is enabling its network of more than 5,000 qualified investors to become involved in the project with a minimum investment of £20k.
Tal Orly, founder and CEO of Cogress, commented: “We are constantly striving to diversify our portfolio to bring our growing network of qualified investors the best investment opportunities across the UK.
“Whilst the wider market endures uncertain times, we must be agile in adapting to investor demand for more affordable development opportunities outside London, like this property in Bristol. Our continually expanding portfolio reinforces the trust our qualified investors have in Cogress.”
The studio and one-bedroom flats will be highly desired by buyers given the affordable pricing and their close proximity to central Bristol. With a GDV target of £6.8m, the project should enhance Bristol’s position as one of the UK’s top property investment locations.