New kiwi start-up making land banking possible from $100

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Today,
Opoly has launched a new equity crowdfunding platform
inviting everyday kiwi’s to co-purchase an Oamaru section
for $105,000.

By investing a minimum of $100, members
of the public will become co-owners of the piece of land.
They will have a share relative to their investment and will
hope to see capital growth in three year’s time when
forecasted suburban growth is achieved.

The concept is
called ‘blockified property’ and is the brainchild of
Opoly Founder, Felix Watkins.

“We are excited to
make land investing accessible and possible for all Kiwis,
regardless of their wealth status”, says Mr Watkins.
“Unlike many other asset classes, land is tangible, and
with this current climate, it is hard to see land going
down, as population grows into the future,” explained
Watkins.

PledgeMe CEO, Dr Claire McGowan, is
interested to see how New Zealanders respond to the
offer.

“Successful capital-raising for a
community-owned property is not new to the PledgeMe
platform”, says McGowan. “Collett’s Corner in
Lyttelton raised $1.6 million from over 600 investors on
PledgeMe. We’re excited to see Opoly’s crowd rally
around them, too.”

The property is located at Lot 33
Ashburn Street in Oamaru.

Opoly is offering 1,050
shares at NZ$100 per share, which represents 100% of the
company. The minimum pledge is $100. The equity crowdfunding
campaign launched publicly on 18 August at 12:00 pm
NZDT.

You can find the campaign and information
memorandum here:

https://opoly.co.nz/properties

© Scoop Media

 

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