Today, Estateguru Marketplace Limited, the UK based property investment and financing platform, announces its office opening in Manchester, in order to start facilitating loans and investments after the final approval from the FCA has been given.
The technology firm’s digital marketplace will facilitate property-backed loans for SMEs and present investment opportunities for both retail and institutional investors looking to get a return on their capital through real estate and development projects.
Estateguru Group was founded in Tallinn, Estonia in 2013 and has funded over €500 million in loans to 3,000 development projects and business plans across Europe since then. It hit the €100 million lending mark in 2019 and has grown exponentially since, breaking half a billion in loans in January of this year.
Subject to FCA approval, Estateguru Marketplace Limited will begin its operations in Manchester, funding property and development projects across the North West region before expanding its services across the country, with a London office in the pipeline.
This Manchester office opening comes right after Estateguru Group announced its German office opening in Berlin, and is evidence of its mission to become the largest real estate investment platform in Europe by 2025.
Ross Gandy, Managing Director of Estateguru Marketplace Ltd, comments:
“Estateguru Group has an outstanding track record across Europe and one I am confident we can replicate here in the UK. Our offering is two-fold – not only do we offer an accessible route into real estate for retail investors, and a reliable source of investment for large institutions, but our ability to provide competitive alternative finance options to SME borrowers is absolutely crucial in supporting innovative development projects that ultimately have a positive impact on the region and the local people.”
Marek Pärtel, Co-founder and Chairman of Estateguru Group, comments:
“Reaching the significant milestone of €500 million lent was the perfect way to start 2022, and set the tone for the year ahead. We have seen the demand for financing grow throughout Europe and especially from SME companies who are looking for professional, reliable financing partners with expertise in the sector. As such, Estateguru Marketplace Limited office opening in the UK market has came at a perfect time and is another huge step towards reaching Estateguru Group mission to becoming the largest real estate investment platform in Europe by 2025. We are excited to see the difference that Estateguru Marketplace Limited can make to the UK property and investment spaces.”