Private equity platform Cogress Ltd. has opened investment for the development of two new townhouses on a recently acquired plot of land on London’s famous Abbey Road.
Situated in high-end region of St John’s Wood, the street is home to Abbey Road Studios, made popular by the 1969 album of the same title by The Beatles. Each of the luxury three bedroom townhouses features a private garden and a private parking area and is only a five minutes’ walk from St John’s tube station and St John’s high street. The townhouses are also in close proximity to Bond Street, London’s leading shopping street, and Little Venice, Camden.
The total equity in this project is £1,500,000, of which Cogress investors will contribute £1,350,000 and the developers will contribute £150,000. Investment opportunities start at £20,000 per unit.
This is the second development that sees Cogress collaborate with developer Church Lane Kingsbury, following the successful Redington Gardens investment in Hampstead earlier this year.
With over 45 years of combined experience in the property industry, Church Lane Kingsbury – a joint venture between The Zamek Group and The City and Docklands Group – has undertaken multiple large scale developments in London, ranging from penthouses and luxury studios to freehold detached houses.
Cogress’ platform carefully matches investors and vetted entrepreneurs seeking opportunities in residential and commercial property developments. This latest development is the firm’s 17th since its UK launch in 2014 with its total GDV recently breaking through the £200 million barrier.
Tal Orly, chief executive officer at Cogress UK, commented:
“We are looking forward to working with Church Lane Kingsbury on this exciting new project after our successful collaboration on the Redington Gardens development. Being able to build two new townhouses in such a well-known location, is a unique opportunity for us but also for the future residents of the properties. St John’s Wood is one of the most sought-after places in London and we are confident that there will be strong demand from buyers.”