Open equity property investment platform Cogress has announced the appointment of well-known business magnate David Bernstein CBE to its advisory board.

Bernstein, who is currently chairman of Ted Baker Plc, has formerly held positions as chairman of Manchester City Football Club and the Football Association.

The appointment is effective from today and Bernstein will be tasked with enhancing the company’s investment opportunities and investor community. 

He joins Cogress’ other high profile board members Lord Mendelsohn, Partner at Oakvale Capital LLP, and Lord Polak CBE. 

Since launch in 2014, Cogress says it has built a community of 2,000 qualified investors, all of whom are given the opportunity to invest as little as £20,000 in £10 million+ properties. 

The firm now has a portfolio of 29 UK investments with a Gross Development Value in excess of £500m and an average expected annual return of 21%+ on current UK investments.

“We are pleased to welcome David as the newest member of our advisory board. He is perfectly positioned to accelerate the continued growth of Cogress here in the UK,” says Tal Orly, CEO of Cogress.

David Bernstein CBE adds: “Cogress has been a progressive force in the property investment field with an exciting format for delivering positive returns on investment. I’m delighted to have the opportunity to apply my business knowledge to ensure Cogress stays on the right path to success in the UK property investment market.”

Cogress recently announced that it raised £1.35m in just 24 hours to fund four new-build luxury townhouses in Fulham.