Property Partner allows people to invest in individual residential properties at the click of a button. Investors then receive monthly rental income and benefit from capital growth in direct proportion to their ownership. It works by issuing shares in properties in a similar vein to company stocks. It also has a secondary market, so buyers can sell their shares at a price they set, whenever they choose. The business charges a 2% fee alongside a 12.5% annual management fee.
How they’re disrupting
Property Partner’s vision is to revolutionise property investment and to ‘open up the asset class’, creating a stock exchange for buying and selling shares in individual residential properties. To date, £24 million has been invested by over 6,000 investors with first year advertised returns of 13%.
With a few exceptions, there are very few players disrupting the £5.75 trillion UK property market. Property Partner is well placed and well funded to do so.
Investments and future
In 2015 Property Partner secured £5.2m of investment from Index Ventures, Betfair’s founder Ed Wray and the early backers of the online estate agent Zoopla. Most recently they successfully completed a Series B £15.9m round led by Octopus Ventures. Their long-term vision is to create a global stock exchange for residential property and to remain ‘relentlessly innovative’ in everything they do.