Award-winning property investment company Cogress is celebrating a successful exit. The alternative finance company delivered investors a 21.23% p.a return last week with an exit in Bristol.
Against a backdrop of Brexit uncertainty and pressured investment markets, Cogress’s recent exit is a significant achievement for the alternative finance platform.
founding CEO Tal Orly said, “The UK property market is underpinned by strong fundamentals.
“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.
Orly added, “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 corridor.
Orly added, “We only consider developments with multiple units, with sales values below £1,000 per square foot since this is where we see the most long-term market liquidity.”
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% p.a returns.