Register
The LX Living mixed-use development in Amoreiras, Lisbon. (photo: )
The LX Living mixed-use development in Amoreiras, Lisbon.
19.11.2019, 12:23

Wecan Tokenize Raises £9 Million in First Token Sale

Real Estate, Investment Showcase, EMEA
Novel real-estate tokenization platform Wecan Tokenize has raised just under £9-million in its first token sale allowing investors to buy into two projects in Lisbon, Portugal.

 

The platform which was launched by venture builder, Wecan Group, property developer, Capell and multi-financial services company, Geneva Management Group (GMG) in October is dedicated to increasing the liquidity of real estate assets by facilitating and securing transactions.

 

Transactions are carried out using blockchain technology to allow quick and easy exchanges that are more appealing for investors than traditional real estate investments, which are often considered illiquid. 

 

The first investment, LX Living, in the sought-after Amoreiras residential neighbourhood in central Lisbon, is a luxury residential development that provides residents with hotel-like amenities. The second is a 42-unit residential building which has been renovated. Both projects are managed by GMG Real Estate, a division of GMG UK developer with several successful projects under its belt including a co-working space and hotel in London (which is being developed in partnership with Ruby Hotels).

 

Further UK projects are planned with Wecan Tokenize offering investors an opportunity that allows investors to cash out when required.

 

 

 

Article rating:

vote data

Leave a reply

Jacob Aarup-Andersen. (photo: )
News Editor  - 19.05.2020, 17:02

ISS Names New CEO

ISS has appointed banker, Jacob Aarup-Andersen, to succeed Jeff Gravenhorst on his retirement on 1 September 2020.

Edge Hill University Campus. (photo: Edge Hill University)
News Editor  - 13.05.2020, 15:04

Celebrating Key Workers on World FM Day

Edge Hill University in Lancashire, North West England, is celebrating World FM Day today by thanking staff for their hard work during the year.

 (photo: Caio Christofoli)
News Editor  - 23.06.2020, 11:17

BSI Introduces Workplace Hygiene Solution

BSI has launched a suite of products and services to help organisations address operational challenges presented by the Covid-19 pandemic.

 (photo: )
FM Editor  - 18.12.2019, 16:08

The Drains of Christmas Future

UK wastewater and drainage solutions provider Lanes Group has reimagined "A Christmas Carol" into a story about the importance of clean drains.

 (photo: )
FM Editor  - 18.12.2019, 13:27

University of Manchester Clean Room Contract

SPIE UK has won an 18-month design, supply, install and commission contract for a clean room at The University of Manchester, as part of a new build being constructed by Balfour Beatty.