Tal Orly

Cogress celebrates exit on London Fields project

Cogress has completed an exit on a scheme in London Fields after the developer refinanced the project.

Gold Section Development refinanced its Gransden Avenue project, whereby it bought out the equity provider and expanded the development.

Cogress joined the project in June 2016 and delivered £5.9m in private equity.

The development is a mixed-use scheme, which features 42 residential and 20 commercial units. 

It was the first deal by Cogress after the EU referendum vote and reflected its post-Brexit investment strategy, which focuses on multi-unit schemes with lower individual capital.

“The agility of our revolutionary investment model meant that we were able to quickly adapt to the changing market without jeopardising our relationships with our partners,” said Tal Orly, CEO at Cogress (pictured above). 

“We supported the developer and worked together for a successful exit, ensuring the project completed on time, even in uncertain market conditions. 

“Cogress has joined forces with Gold Section Development for a second project, and we hope to have the opportunity to extend our partnership in the future.” 

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