HAB Land has publicly launched a new mini-bond crowd fund having already secured over £600,000 during the pre-launch phase.
The initial investments come from HAB Land’s existing partners and investors. The new mini-bond has a maximum target funding of £3 million, offering an 8% gross AER return over five years, and is now open to all investors.
“From the outset, we’ve set out to challenge the way volume housing in the UK is being delivered, with a focus on environmentally-conscious homes, fine architecture and joyful living spaces. Having won a series of awards from the CPRE, RIBA, and the Landscape Institute for our previous housing projects, this current crowd fund will provide investment for our sister company, HAB Land, whose main objective is acquiring land and site opportunities for future projects.
Entry level for all investors is set at £1,000 with a minimum two-year term and there’s a special early bird offer for investors who commit by 16 January 2017.
Kevin McCloud, Chairman of HAB Housing and Director of HAB Land said, “The response to our new fund raise from our current investors has been just outstanding and we’re now very excited to open this opportunity to all.
“As stakeholders in a triple-bottom line business, our investors will be able to see potential returns through social and environmental means as well as gaining a good financial return. We’re a team of dedicated, passionate professionals, building innovative housing schemes and changing the way the UK approaches house building.”