Taking place through their Stellar based platform, Smartlands will facilitate the tokenization of shares representing fractionalized ownership of a 124 unit real estate development, purpose built as student housing.
While Smartlands is facilitating this security token offering, the event is a product of Shojin Property Partners – A real estate development and investment firm. Shojin Property Partners completed construction of this complex in 2018, and soon after began filling it with residents.
Now, with the help of Smartlands, Shojin hopes to offer investors a new type of opportunity through the use of security tokens.
Details of the Deal
This deal is providing investors with exposure to revenue, garnered from 32 Russell Street, Nottingham, United Kingdom. With Nottingham playing home to multiple universities, it is expected that these units will be in high demand.
While figures may vary, it is forecasted that investors in this project will receive the following benefits.
– Average dividend yield of approximately 5.74% per annum
– Return of 15.72% per annum including capital growth
For those interested in this opportunity, participation is open to retail investors, with a minimum 500 GBP investment.
In their announcement, Ilya Obraztsov, VP of Technology at Smartlands, took the time to comment. The following is what he had to say.
“At Smartlands we’re rethinking traditional finance models by building a global ecosystem that democratizes access to alternative investments and opens opportunities to higher-yield projects. By connecting blockchain and the real economy, we create new opportunities for retail investors to participate in institutional-grade deals with a much lower buy-in threshold. And we have our first STO to show for our efforts…The student complex in Nottingham is the first tokenized property in the UK, to be followed with new offerings of blockchain-based securities backed by assets in real estate and other markets.”
Smartlands is a U.K company, headquartered in London. The company was launched in 2017, and has since strived to develop solutions geared towards crowdfunding. This has led to the adoption of blockchain technology, and now security tokens.
Company operations are overseen by CEO, Arnoldas Nauseda.
Shojin Property Partners
Shojin Property Partners are a London based company, which was founded in 2009. Above all, they create investment opportunities through the development of various real estate projects, such as the one described here today.
Shojin Property Partners was acquired by Smartlands in early 2019
In Other News
We have detailed Smartlands multiple times over the past few months. Whether discussing acquisitions, or developmental choices, Smartlands has come a long way in this time. The following are a couple of articles discussing these events.