Opoly’s ‘Blockified Property’ To Make Real Estate Investing Possible For NZ$100 – Scoop.co.nz


Last
Friday, Opoly launched an equity crowdfunding campaign
inviting everyday Kiwis to co-purchase an Auckland property
worth close to $1 million.

By investing a minimum of
$100, members of the public will become co-owners of the
property if the campaign is successful. They will have a
share relative to their investment in the annual property
rent returns and its sale in three year’s time.

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

“We are
excited to make real estate investing accessible and
possible for all Kiwis, regardless of their wealth
status”, says Mr Watkins.

So far, the equity
crowdfunding campaign has raised over $10,000 towards its
$947,200 goal.

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 33G
Florence Avenue in Auckland. It is currently tenanted by
Caci Clinic, a New Zealand-owned skincare and beauty
treatments company.

Opoly is offering 9472 shares at
NZ$100 per share, which represents 100% of the company. The
minimum pledge is $100. The equity crowdfunding campaign
launched publicly on 14 May at 9:30 am NZDT and has raised
$10,600 so far. The offer closes on June 9 at 4:00pm
NZDT.

You can find the campaign and information
memorandum here:

https://opoly.co.nz/properties

© Scoop Media

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