Crowdfunding platform for SME developers to launch in April

Fushi, which claims to be the first Chinese family office in the UK, is set to launch a new equity crowdfunding platform for SME developers.

From April 2017, LandDevelop will offer UK, European and Asian investors the chance to acquire an equity stake in a range of UK property developments across various asset classes with a potential 20% gross internal rate of return after fees.

Developers seeking funding will be able to apply for a minimum of £200,000, while crowdfunding investors can provide as little as £100 at a time.

The London-based platform is expected to raise at least £50m over the next two years.

Shuo Zhao, managing director of Fushi Family Office (pictured above), said: “The UK is facing unprecedented demand for new housing.

“Providing funding for residential developers will help close the massive gap between supply and demand for new housing in the UK.

“It’s a win-win situation for the developer and investor.”

Earlier this month, LandDevelop became an appointed representative of Share In Ltd, which is authorised and regulated by the FCA.

The platform’s first investment opportunity will be a developer seeking funding for a 230-unit residential apartment scheme at 21 William Street, Birmingham. 

While a Hong Kong-based investor has already committed to a £6m equity stake in the project, the developer will seek an additional £3m from the platform.

The scheme has an approximate gross development value of £48m and will be sold in both the UK and international markets.

Founded in 2012, Fushi Family Office offers a range of services in the real estate and entertainment sectors.

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