Press Release

16 February 2016

GOLDERS GREEN HMO DEVELOPMENT

COMPLETES AHEAD OF SCHEDULE
A House in Multiple Occupation (HMO) development backed by private equity
platform, Cogress UK, is on track to deliver strong returns for investors, after
work on site completed ten months ahead of schedule.
Located in Londons Golders Green, the site comprises 39 new-build studio flats
and two offices, with the building approved for use as an HMO to support Barnet
Councils social housing offering. Developer Symbia began construction in
October 2013 on the 11,977 sq ft site and was initially expecting to complete the
project around October 2015.
The one-bedroom units cover 7,255 sq ft, each with a kitchenette and arranged
over four floors. Each floor has a shared kitchen and utility room where tenants
can do laundry and cook more complex meals when their requirements are more
elaborate than their individual kitchenettes will allow. The remaining six rooms
are set aside as office space, but could be converted to additional studios,
subject to planning.
The project is Cogress first HMO investment opportunity since the firm unveiled its
distinctive real estate funding model, after being pioneered in Israel. Cogress platform
carefully matches investors and vetted entrepreneurs seeking funding for residential and
commercial property developments.

Cogress total equity in this project is 825,000, with the firm offering investors
the opportunity to participate with a minimum commitment of 25,000. The
projects Gross Development Value (GDV) was expected to be around 7.2m, but
has now reached 8.5m; an expected return of 25per cent for investors.
Tal Orly, chief executive officer, at Cogress UK, commented: We are delighted
with Symbia and the progress of the development in Golders Green, which has run
smoothly from the outset.
We do our very best to make sure no stone is left unturned when undertaking due
diligence on potential development partners so that our investors get the best possible
returns on their investments.
2015 is set to be a busy year for us, with a number of exciting projects in the works.
We look forward to opening further investment opportunities up to our investors.
-Ends-

For all media enquiries, please contact The PR Office on 020 7284 6969.
About Cogress UK
Cogress is a community of investors. We are an exit-oriented private equity platform connecting our community
with opportunities usually reserved for the largest investors. Our platform carefully vets and matches all
property developers and investors, giving piece of mind on both sides.
We only market to suitably qualified investors. Property investments are illiquid, and our exit targets are merely
guidance. They may not be relied on. Invested capital is at risk.
Our experience is backed up with numbers. Since 2009 our management team has invested in more than 150
projects globally including US, Canada, Germany, Cyprus and Israel, with over 800 million of asset value,
before joining together to create Cogress. The company was founded with a clear focus on the UK market,
where we already have a range of investments.
Source of figures: managements own figures. Past performance is not an indicator of future success.
Cogress Ltd. is an appointed representative of Resolution Compliance Ltd., which is regulated by the Financial
Conduct Authority (no. 574048).
Cogress Ltd 5th Floor 36-38 Wigmore Street, London, W1U 2RU
www.cogressltd.co.uk

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