Broad Oaks Progress Update

April 28, 2022


We are pleased to share with you the latest update from Prosperity.

It is our pleasure to let you know the great news that full planning was granted for 300 homes in early April 2022. Prosperity are currently in the midst of the 6-week judicial review period that follows the acceptance of planning, which will end in mid-May.

The above information considered, we have been informed that legal completion is anticipated to take place in early June 2022.

Our investors who have had their funds invested since mid-August 2021 have the good news that during this time they have still been accruing the higher rate of interest since that investment date. The investors who have selected the quarterly interest option, we still envisage that they will receive their first interest payment (including early-bird interest) at the beginning of July 2022, subject to completion having taken place as above.

I hope this update has been of interest to you. If you have any questions regarding this update please email us at info@propertyip.net with subject line: Broad Oaks Update