Property development and investment group Convivia to raise GBP16m through new fixed rate interest bond
Innovative property development and investment group, Convivia, has announced plans to raise GBP16 Million over the next 12 months with the launch of its first investment fund.
Issued under fundraising arm, Convivia Capital Management, the new investment fund enables high net worth and sophisticated investors to place a minimum investment of GBP2,000 into a secured, three-year fixed interest bond.
Offering returns of up to 6 per cent, the Convivia Capital Management fixed interest bond is eligible for direct investment and investment through an IFISA. Once raised, the fund will be used to create an asset portfolio over the next three years through the acquisition and development of high-specification apart-hotels and social developments in key regions across the UK.
Inspired by the Latin ‘Convivo’, meaning to ‘live at the same time’, Convivia was founded by successful Barrister and proven entrepreneur, Roy Ledgister, who boasts extensive experience in the development of a successful social housing property portfolio, having turned a GBP50 million investment into £165 million worth of assets in just five years.
Focused on refining the Opco and Propco model, Ledgister established the Convivia brand in 2017 to develop more luxurious properties on an improved and low risk investment model.
Now backed by an experienced Board of Directors the first Convivia Capital Management fund launched on 9th September 2020 and has already received interest from investors UK wide.
Ledgister says: “Convivia was founded to create a solid property investment portfolio underpinned by a spirit of conviviality and centred around experiential living. With ambitious plans to challenge conventional thinking and create an extensive asset portfolio within just three years, we are delighted to announce the launch of the first Convivia Capital Management investment fund, offering secure, fixed interest bonds.
“Aside from offering projected returns of 6 per cent, investors are able to hold the Bonds through an ISA and can transfer existing ISA cash balances, allowing them to benefit from any potential tax-free income.”
The launch of the Convivia Capital Management fund comes just weeks after the property development and investment group revealed it was on track to unveil its first apart-hotel in Torquay in 2021, which comprises of 42 generously sized, high specification one and two bedroom apartments; together with the acquisition of a substantial scheme in the heart of Liverpool City Centre.
With a focused end to end solution of acquiring, developing, operating and managing the entire portfolio in-house, Convivia aims to reach a GDV of GBP130 Million by the close of 2022.