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Severn Street - Interim Equity

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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.

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