Jake Webster, Managing Director at The 79th Group outlines the company’s strategy for expanding business operations into America.
We are proud to announce the launch of our new offering for accredited investors in the United States to access the UK real estate market.
Seventy Ninth USA One is our first US venture. The offering will specialise in the purchase and redevelopment of undervalued assets, across a variety of real estate projects, and will enable accredited investors from the US to have ‘hands-off’ access to lucrative UK property investments.
The investment objective is to achieve capital growth and/or rental income by investing in and developing property across residential, commercial and leisure assets. Seventy Ninth USA One has a maximum aggregate amount of $20,000,000.00 USD.
This move into US markets is a significant next step in the international growth of our business. Over the last two years, the Seventy Ninth Group has continued to build its relationships with existing and new partners, such as private and commercial banks, administrators and insolvency practitioners to secure a vast array of profitable opportunities in the UK real estate market.
These projects have ranged from single unit refurbishment projects to multiple unit developments. The projects have been exclusively presented to us by our relationships, in which we intend to capitalise upon with our stakeholders. This launch offers US investors a brilliant opportunity to open up their portfolio to the thriving UK real estate market.
As The Seventy Ninth Group continues to grow and expand its presence in multiple jurisdictions, I'm pleased to announce this recent offering is now available to investors in the USA, and will subsequently expand our global stakeholder community. As the world’s largest economy, the USA is a prominent investor in the UK real estate sector and an important partner to the UK economy in general.
The USA implements a robust regulatory regime, in which the UK financial sector falls short on accommodating strong investor sentiment from the USA, therefore we are thrilled to be able to accommodate such investor demand for UK real estate assets, given we are able to comply with the local regulation set out by the Securities Exchange Commission (SEC). The Seventy Ninth Group is one of only a few investment providers in the UK with the skillset and expertise to operate in such a prestigious regulatory environment.
