Mizen investment reaches £1 million milestone through Crowdstacker
Crowdstacker is pleased to announce that the Mizen Loans product has now raised over £1 million through the Crowdstacker platform from over 320 investors.
Mizen Properties Limited, the parent company of Mizen, is an award-winning residential and mixed-use property development company established in 1988. They work mainly in London and the South East with expertise in land acquisition, planning, property finance, construction and sales management.
How investor funds are being utilised
Mizen Holdings Limited made its first investment in a project in Wimbledon Park project during 2019. The project consists of 11 No. flats together with 7 No. houses and the project has been progressing well with the development due to be completed in June 2020.
The marketing of the scheme is set to commence in Spring 2020 with feedback from Mizen’s sales and marketing agents showing forecasted sales revenue significantly well ahead of the forecasted revenue – the market in South West London has remained remarkably resilient over the course of the last 2 to 3 years.
Can I still invest?
Yes, the Mizen Loans investment is still open. The investment offers 7% p.a. fixed interest for a 3-year term paid quarterly. The investment is used to acquire sites and for the construction of mixed-use (residential and commercial) developments focused on the South East of England. When investing, capital is at risk.
Can I hold my investment tax efficiently?
At Crowdstacker we offer two accounts which offer you tax-efficient benefits:
Crowdstacker Innovative Finance ISA - pays interest gross and allows you to earn interest tax-free. You can invest up to £20,000 in this tax year 2018/19.*
Crowdstacker P2P Account - pays interest gross and is eligible for up to £1,000 tax-free interest under the Personal Savings Allowance.*
*Please note tax benefits are subject to your own personal tax status.
When investing, capital is at risk. Please see the full risk warning for more information.