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Edward Street Interim Equity

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This is a rare opportunity to invest in a new build development that is already underway in central Birmingham. Equity is being raised to replace mezzanine finance used to acquire the site along with the preparations for construction.
This prime five and six story development will deliver 63 apartments together with commercial space on the ground floor and 18 car parking spaces. There is also a shared, secluded courtyard space at first floor level.
Works started on site on 15th November 2016 and is due to be completed during March 2018. All units have been pre-sold by Prosperity to their investment buyers and is being delivered under a fixed price JCT contract.
Prosperity are raising equity to add to their existing £500,000 of capital and are offering a fixed return of 15% p.a. using our Interim Equity arrangement.
Holders of Redeemable Shares will receive the equivalent of 12.6% of projected net profits after tax. This will be paid as a capital gain when the shares are redeemed at a price of £1.15 per share, on or before the 31st March 2018.

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