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Cogress raises GBP1.7m for first Bristol development

Strong investor demand for alternative property developments outside London has seen Cogress secure GBP1.7 million to fund a new residential development in Bristol.

The latest development acquires a 19,600 sq ft site at 515-517 Stockwood Road, Brislington, to develop, refurbish, and convert the existing commercial space into 56 private residential units. The development is Cogress’ first venture with specialist builders, Complete Project Development Ltd, and is expected to last 24 months.
The studio and one bedroom flats will be highly desired by buyers given the affordable pricing and their close proximity to central Bristol, which in March 2017 was voted the best place to live in the UK for the third time in four years by The Sunday Times.  With a target GDV of GBP6.8m, this project will enhance Bristol’s position as one of the UK’s top property investment locations.
With its pioneering proposition that offers access to multi-million-pound property investment opportunities usually reserved for large investors, Cogress enables its network of more than 5,000 qualified investors to become involved in the project with a minimum investment of GBP20,000.
Tal Orly, Founder & CEO of Cogress UK, says: “We are constantly striving to diversify our portfolio to bring our growing network of qualified investors the best investment opportunities across the UK. Whilst the wider market endures uncertain times, we must be agile in adapting to investor demand for more affordable development opportunities outside London, like this property in Bristol. Our continually expanding portfolio reinforces the trust our qualified investors have in Cogress."

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