HAB Land, part of HAB which was launched by Kevin McCloud and stands for Happiness, Architecture, Beauty has publicly launched a brand new Mini-Bond crowd fund, having already secured over 600,000 during its pre-launch phase. The initial investments come from HABs family of existing partners and investors.
The new Mini-Bond, with a maximum target funding of 3 million, offering an 8% gross AER return over 5 years, is now open to all investors.Entry level is set at 1,000 with a minimum two-year term and theres a special early bird offer for investors who commit by 16th January 2017.
Commenting on the new crowd fund, 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. We dont just build homes; we make streets and neighbourhoods proper places. Our Mini-Bond supports that. It’s only available whilst stocks last, with a target maximum fund raise of 3 million, so allow me to urge you to hurry and join our community of like-minded investors.”
The Mini-Bond launch comes off the back of strong recent business successes. Just before Christmas, HAB announced it had completed the sale on the final house at The Acre, in Oxfordshire, alongside news that their Lovedon Fields project, near Winchester, had sold over two thirds of its houses off plan.
HAB is working in partnership with CODE Investing, one of the UKs leading marketplaces for investment, who have already raised over 84m since their launch in 2013. HAB broke records in its previous crowd funding round raising 197% of the target before closing. This next round of investment provides an opportunity to put money into a business that is changing the way people live. Those interested in investing will need to register via CODEs website.
