Cogress Managed To Secure Funding For a New Property Developments

Cogress Managed To Secure Funding For a New Property Developments

Because of the strong demand for investment in East London Property, Cogress has managed to secure funding for a new residential and commercial property development on Tudor Road.

The development is located in Hackney, which is one of the most popular boroughs in London. The project will create 4.725 sq. ft. of office space and 19 residential units. The property developer contracted for this project is Kirk Real Estate Ltd. At the moment 7 of the 19 residential units in the development have been sold.

It is thought that the London Borough of Hackney has seen a great deal of redevelopment, which in turn has led to an average house price increase of 700% over the course of the last 20 years. This massive jump in house prices in the area could be due in part to the after effects of the London 2012 Olympic Games. This “Olympic effect” means that the infrastructure in the area has been improved, making it a popular place for commuters. This popularity has been heightened because of the variety of different independent bars, shops and restaurants as well as the borough’s close proximity to London.

It is thought that the project should be complete and ready for resale in September 2018 and Cogress are working to diversify their portfolio in order to offer the best opportunities to their investors. The company has an increasing number of qualified investors that are looking for opportunities in the London markets. For the assets in the company’s portfolios, the investors usually receive any profits from the portfolio on exit. The exit is planned for the Hackney development in September next year and it is hoped that the development will allow their investors the access to property investment opportunities of over £10 million. The investment company are diversifying their portfolio in order to adapt to the investor demand while the uncertain times in the market.

Tags:

You May Also Like

Mayor of London Signs Off £175m Oaklands Regeneration Project

Mayor of London Signs Off £175m Oaklands Regeneration Project

The Mayor of London, Sadiq Khan, has signed off the £175 million Oaklands regeneration ...

New office for expanding Dow Schofield Watts team

The North West office of Dow Schofield Watts has moved into striking new office ...

White Brasserie Company Continues Expansion

White Brasserie Company Continues Expansion

Savills, on behalf of The White Brasserie Company, has acquired the leasehold of The ...