We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Equity Crowdfunding » Housing and Property

Severn Street - Interim Equity

Status: Expired

An opportunity to invest in a central Birmingham new build development of premium one and two bedroom apartments. This significant development in a prime location will deliver 31 units to meet the needs of young professionals looking to rent in the city centre.

The development will start this summer and is due to completed in Q1 2019. All units have been pre-sold by Prosperity to their investment buyers and will be delivered under a fixed price JCT contract.

Prosperity are raising equity for the purchase of the site (Subject To Planning) and in return offering a fixed return of 13.5% p.a. using our Interim Equity arrangement.

In return for an investment, holders of Redeemable Class B shares will receive 17.6% of their share of the profit which equates to around 16.8% of projected net profits after tax. This will be paid as a capital gain when the shares are redeemed at a price of £1.27 per share, on or before the 31st March 2019.

read more read less

Funding progress

  • £215,000
  • 46%
    of goal
  • Expired
    31 Jul 2017


    equity available


    pledge per investor

    company number

    Equity Calculator
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph