Original Posted Created on 09/03/17
- HAB Land’s first-ever crowd fund has raised over £2.4 million, two and a half times the original investment target
- 282 investors purchased Mini-Bonds
- Funds raised will be used to help develop site projects for HAB Housing
HAB’s latest crowd fund has now completed raising £2.4million in the form of a Mini-Bond. The raise, which closed on Tuesday 28th February, exceeded its original £1million target by 141%. Over 280 people invested in HAB Land which will now use the funds to develop a number of new site opportunities.
The 8% five-year Mini-Bond saw investment from both new investors and current HAB support base, swelling the HAB investor community. Investment raised from the crowd fund will go to developing opportunities through HAB Land, HAB Housing’s sister company. The two businesses work alongside each other to provide a fresh approach to the UK’s house building market.
Commenting on the crowd fund success, Kevin McCloud, Chairman of HAB Housing and Director of HAB Land said:
“It’s great that so many people have chosen to invest with us. The crowd fund total has surpassed our expectations. Having met some of our new investors, it is clear that we have a shared passion for creating joyful living spaces that have a strong environmental and social balance.”