Property crowdfunding platform opens up development market
A new crowdfunding platform giving investors access to the property development market has launched.
London-based Shojin Property Partners claims its online platform provides high-yielding property development opportunities.
It says investors can diversify their portfolio and mitigate risk by investing as little as £5,000 to achieve returns similar to those of a developer.
Jatin Ondhia, CEO of Shojin Property Partners, said: “Until now, most investors have focused only on the buy-to-let market, mostly because they did not have access to property development opportunities.
“Shojin Property Partners now gives them access to the lucrative development market, comfortable in the knowledge that it is backed by our extensive experience.”
Shojin Property Partners has been operating since 2009 and specialises in investment in property development projects.
Unlike most other crowdfunding platforms, the company aligns itself with its investors by charging no upfront fees, but rather co-investing its own money alongside investors on every project, and then sharing profits at the end.
Head of construction and development Sandeep Puri (pictured below, left, with Ondhia) said: “Shojin has a very experienced and qualified team to carry out thorough due diligence. We oversee each project until completion.
“What makes us unique is that we look after our investors’ interests and are only rewarded at the end when a project completes and the investors are paid their profits.”
Shojin Property Partners is regulated by the Financial Conduct Authority. Investors need to pass an appropriateness test before they are shown opportunities to ensure that they fully understand the risks and rewards associated with investing in property development.
The company was founded by Ondhia, a former UBS investment banker, and Puri, a qualified quantity surveyor with a long history working with large homebuilders such as Wimpey and Redrow Homes.
Since 2009 they have developed, invested and raised in excess of £14 million for their eight development projects.