Cogress bags 'significant' deal with Bristol development despite Brexit worry
Property investment company, Cogress is celebrating a successful exit.
Last week, the alternative finance company delivered investors a 21.23 per cent p.a return with an exit in Bristol.
Against a backdrop of Brexit uncertainty and pressured investment markets, Cogress’ recent exit is said to be significant for the platform.
Founding CEO, Tal Orly, said: “The UK property market is underpinned by strong fundamental. Yes, the last two years in particular have been challenging, but there is as much opportunity in a downturn market as an upturn.”
Tal credits the company’s recent success to the rigour of its due diligence process. Only one-in-30 of the projects initially assessed are considered suitable to present to investors.
Tal explained: “Our in-house market analysis is vital to the assessment of each development and enables us to present our investors with a complete picture of each investment opportunity, from stress tests on the business plan through to accurate market comparables.
“We deliver investors all the information they need to decide whether an investment opportunity is right for them.”
The current Cogress investment strategy focuses on developments in Greater London and key regional hubs, including the M4 area.
The latest development to exit reflects this investment strategy. Stockwood Road in Bristol is a conversion of an existing commercial space into 56 private residential units; it exited on target at 23 months and delivered 21.23 per cent p.a returns.
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