What is Cogress’s minimum equity requirement?
Cogress provides equity from £1.5m upwards.
Does Cogress take planning risk?
Cogress’ investment strategy typically requires a development project to have planning approval agreed. Cogress will, however, enter into agreements subject to planning being approved on Completion. Cogress ensures that each development is handled on a deal by deal basis, and will work flexibly to facilitate the requirements of each developer.
What type of development projects would Cogress consider?
Cogress considers residential, commercial, student accommodation, and mixed use, as well as PD Schemes and PRS Scheme developments.
What is a typical project timeline?
Project timelines usually range between 12-36 months.
Which locations would we consider?
We primarily operate in the Greater London region, including Prime Central London and Zones 2-6. We will also consider prime commuter towns easily accessible to Central London. Locations further away will be considered depending on the developer’s local experience, and the nature of the deal.
What differentiates Cogress from traditional crowdfunding platforms or small family offices?
Cogress is FCA regulated, which provides additional comfort to both our development partners and investors. Cogress underwrites all required equity–which substantially reduces the risk level for developers. Understanding developers' need for quick response times, Cogress has ensured their business model provides the platform to raise funds exceptionally quickly.
How long does it take for Cogress to raise equity?
All funding agreed by Cogress is underwritten, so our developers can be secure in the knowledge that the equity will be available for them to complete on the purchase of the asset. Cogress requires a minimum of 45 days from exchange to raise the capital for completion. Larger equity requirements and/or busy transaction periods may require longer.
What is the legal structure of each individual deal?
It is envisaged that an LLP will be set up for each Joint Venture, however Cogress can adopt other structures when necessary. Cogress ensures that each development is handled on a deal by deal basis, and will work flexibly to facilitate the requirements of each developer.
Is Cogress regulated?
Cogress conducts both regulated and unregulated business. Business activities described in the ‘Developer’ section of this web site are not authorised and regulated by the Financial Conduct Authority (“FCA”).