Industry figure and the former founder of iProperty Group Patrick Grove has co-founded a new company in the real estate space.
Estate.co allows its users to invest in luxury real estate which would normally only be available to ultra-wealthy individuals through a fractional ownership model.
The platform claims to be democratizing an "historically elite only asset class" by dividing luxury real estate assets into shares allowing its investors to part own properties all over the world. Currently, the platform is promoting the fractional ownership of a four-bedroom home in the Hollywood Hills formerly owned by Singer Harry Styles which investors can own a fraction of for as little as $1,000 in return for rental and capital gains.
Estate.co has been launched through Catcha Group, the company founded in 1999 which has invested in the likes of Frontier Digital Ventures, Carsome and Instahome among others. Since January 2021 the company also has a SPAC which is pursuing a deal with a company in the technology, digital media, financial technology, or digital services sectors.
Below: Patrick Grove tells delegates at Property Portal Watch Bangkok 2020 about building a portfolio of leading profitable businesses