2nd November 2005
Young, property entrepreneur Andrew Lazare today announced the launch of Urban Retreat, a new company that aims to raise £3m to provide property funding to developers in emerging markets.
Based in Manchester, Urban Retreat provides developers with a wide range of support such as project funding, advice on off plan selling, legal expertise, tax planning and marketing.
The company will initially focus on new property hotspots in countries including Bulgaria, Turkey, Dubai, Spain and Thailand, and the firm has already signed deals to co-fund developers on two exciting projects.
"Urban Retreat is a win/win scenario for everyone involved," said Lazare. "Developers can focus on building the best products for the market while being comfortable that specialists are taking care of the marketing, sales and funding.
"Many of these property hotspots are seeing significant capital growth and, by working closely with the developers on joint venture opportunities, Urban Retreat is ideally positioned to maximise returns for its investors, who will own a share in each development.
"It is envisaged that Urban Retreat's own investors should be able to make up to 30 per cent a year on their initial investment.''
Andrew Lazare who is a major shareholder of Urban Logic, the off plan property specialists, previously worked with top venture capitalist, Axiomlab PLC where he developed an expertise and knowledge of the financial marketplace.
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