Cogress secures £1.6m for a new London property

Cogress has secured £1.6m to fund a new mixed-use property development in London.

Located in Finchley - one of the most sought after neighbourhoods in the capital - the project will be comprised of 5,920 sq ft of commercial space and nine residential units. The area offers customers quiet streets, independent shops, schools and transport links.

Cogress is to work with London’s Global Acquisitions Group on the project. Expected to sell for £6.9m, the development is set to be finished by September 2019.

Tal Orly, founder and CEO of Cogress UK, said: “We are constantly striving to diversify our portfolio to bring our growing network of qualified investors the best investment opportunities across London.

“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.”

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 4,000 qualified investors to become involved in the project with a minimum investment of £20k.“

Cogress is an open equity company for property, which strives to make investment accessible and transparent. The property investment firm has won the Housing Excellence Awards 2016 for Best Finance Model.

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