Vesta Property, a property investment company based out of the UK, is planning on using equity crowdfunding platform Seedrs to raise the first amount of a targeted £5m. The investment firm plans on using the funding to expand its online marketplace.
The £750k funding will allow Vesta to further build and raise awareness of its business model, which allows landlords to buy and sell residential investment property with tenants in place. Vesta says this approach eliminates void periods (and removes uncertainty such as estimating the rental value and finding a good tenant) preserving rental income, encourage increased stability and longer tenancies and provide institutional access to investment property at scale.
Vesta launched in February 2018, achieved turnover of approximately £400,000 in the first six months, has sold over 105 properties (£23m) with a further 151 properties (£15.5m) sold STC and has had offers on £108m (1,000 beds) of student accommodation accepted. Over 500 properties have been on-boarded with over 2,500 properties in the pipeline.
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