HAB Land, part of the award-winning HAB family of companies which includes HAB Housing, 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 HAB’s family of existing partners and investors.
Founded by Kevin McCloud, HAB, which stands for ‘Happiness, Architecture, Beauty,’ builds housing schemes and neighbourhoods that are underpinned by sound sustainable values. The new Mini-Bond with a maximum target funding of £3 million, offering an 8% gross AER return over 5 years, and is now open to all investors.
From the outset, HAB has 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 their previous housing projects, This current crowd fund will provide investment for HAB Housing’s sister company, HAB Land, whose main objective is acquiring land and site opportunities for future projects and to develop these.
Entry level for all investors is set at just £1,000 with a minimum 2-year term and there’s 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 don’t 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 UK’s 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 Code’s CODE’s website. https://www.codeinvesting.com.
Please note that all capital is at risk.
More information can be found at http://www.habhousing.co.uk/mini-bond and emails should be addressed to minibond@habhousing.co.uk.