Cogress completes third exit at £8.1m

Cogress UK has completed its third exit this year, Property Week can reveal, following the £8.1m sale of luxury apartment Eaton Mansions.

The company secured a 23.39% return for investors for the duration of the project, which was 22 months long.

Cogress raised £1.7m of equity for the development of the property in 2016 and secured a 12.87% gross return per annum.

“We’re really pleased to have achieved a double digit return for our investors with the sale of Eaton Mansions despite the slowdown in the luxury property sector,” said Orly.

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