Exit-orientated property investment firm Cogress highlights the strength of the London property market, successfully exiting on a £7 million deal four months ahead of schedule.
“Brexit remains an ongoing concern for the property market nationwide,” explains Daniel Levene, Head of Analysis at Cogress, “But it has not cast the lasting shadow that many predicted in 2016. The London property market continues to evolve at pace, aided by transport upgrades and major regeneration projects which are challenging expectations of a slowdown as March 2019 approaches.”
Cogress’s latest exit provides an apt demonstration of that buoyancy. Developed by Gold Section Development, Gransden Avenue, a mixed-used development in London Fields, features 42 residential and 20 commercial units. The developer achieved agreed sales on two of three residential blocks outright, with the remaining block boasting 73% sold off-plan ahead of projected completion in Q2 2018.
This project was the first deal Cogress launched after the UK Referendum. CEO, Tal Orly, says “Like all financial services businesses, we had to adapt our investment strategy post-Brexit to reflect market volatility at the time. We take our responsibility to our community of qualified investors very seriously and chose to focus on multi-unit schemes with lower individual capital.”
It’s an approach that showcases the wealth of market understanding and insight present in the Cogress team, and one that enabled the company to deliver an impressive 26.55% return  to its investors with the Gransden Avenue exit. Orly says, “Our revolutionary approach to exit-orientated property investment meant that we were uniquely placed to make the most of this opportunity for our investors, despite market uncertainty at the time of launch. It enabled us to deliver our second successful exit of 2018, and we’ve many more still to come!”
 Invested capital is at risk. Past performance is not an indicator of future success.