Property investment company Cogress has secured £1.6m to fund a new mixed-use property development in North London.
Situated in Finchley, an area with strong investor demand and traditionally seen as one of the most desirable locations in London, the scheme will include 5,920 sq ft of commercial space and nine residential units.
Known for its leafy streets and tranquil vibe, Finchley is home to restaurants, cafés, independent shops, high-performing schools and wide-ranging transport links.
For this latest project, Cogress will work closely with London-based developer Global Acquisitions Group. The targeted exit date for the scheme is September 2019, with the development anticipated to sell for around £6.9m once completed.
Cogress currently has a network of over 4,000 qualified investors and enables them to become involved in this latest project with a minimum investment of £20,000.
“We are constantly striving to diversify our portfolio to bring our growing network of qualified investors the best investment opportunities across London,” said Tal Orly, founder and chief executive of Cogress UK.
“Whilst the wider market endures uncertain times, we must be agile in adapting to investor demand for more affordable development opportunity, like this property in Finchley.”