We are delighted to introduce you to our latest opportunity in secured lending, Smithfield Place (2). With a total raise of up to £4.1m, the term of the lending is up to an anticipated 30 months and offers interest of 8.5% per annum, payable upon redemption.
Security is by way of a first charge against the land asset value, and the exit of this investment is upon planning being granted, which Prosperity are predicting to be during Q2 2022.
Smithfield Place will form a contemporary selection of 237 one, two and three bedroom modern and sustainable city centre apartments. Read on below to hear more about the Smithfield Masterplan as a whole.
Introduction to the Smithfield Masterplan
Birmingham Smithfield sits within part of the city that continues to experience huge transformation. With major developments, significant transport infrastructure and vibrant communities are all clustered within walking distance of the site.
Prosperity & Lendlease JV to regenerate Smithfield
Prosperity is delighted to be working with Birmingham City Council and Lendlease to form part of the Big City Masterplan through the creation of Smithfield Place, Smithfield Square and Smithfield House which will offer a combined total of 650 units. 1 & 2 bed high specification apartments. The Smithfield district will become part of the city’s exciting growth agenda that will see 2,000 new homes, 100,000 new jobs and billions of points of investment into infrastructure.
The vision is to create both a new destination within the city and a seamless organic extension of the core. The site will incorporate a new centre for the markets, retail and dining facilities, cultural buildings and public squares.
Birmingham City Council
‘’The Big City Plan is the most ambitious, far-reaching development project ever undertaken in the UK. Our aim is to create a world-class city centre by planning for the next 20 years of transformation’’
Reasons To Invest
- Earn 8.5% per annum on your investment;
- No upfront costs or application fees;
- Not governed by stock market volatility;
- First charge security on the land, which continues to increase in value due to it being located in a prime position in Birmingham;
- Minimum investment value of £10,000;
- Clear exit strategy, upon planning being granted.
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