3 December 2018
After 25 successful years, we celebrated with friends old and new at our London office on 4th December 2018.
We would like to take this opportunity to thank all the people we have worked with since our formation. You have helped us to create, build and manage our past and present social infrastructure and residential property portfolios.
The Mill family, as we like to call ourselves, continues on its mission to bring capital to need for mutual benefit, ensuring both commercial and social outcomes across our projects. As part of our mission, we set up Mill Group’s charitable arm, Community Sponsors Charity, in 2005. This has helped to bring business and local communities together to create initiatives that improve education, health and social cohesion.
David Toplas, CEO, who founded Mill Group, said: “We may be 25 years old, which is considered old in business terms, but we are certainly not set in our ways. We are continuously evolving to drive positive change in the real assets market by identifying, developing and investing in innovative projects and people.
It is within our core values to seek positive social outcomes with commercial integrity in everything we do, and Mill Group will continue to do so for the many years to come.”
During the last two years, we have created and incubated three new game-changing property ventures: Vesta Property, Abode Impact and Hop Homes. We also invest and support Green Energy Sustainable Solutions and its investment company, Free Green Electricity, which have seen substantial growth in the solar energy solutions market for commercial properties.
Here is an overview of some our recent projects.
Vesta Property is the marketplace for buying and selling rental property. Incubated by Mill Group, Vesta launched in February 2018.
Vesta is set apart as the first dedicated platform in the UK to offer investment properties for sale with tenants already in place. This eliminates void periods for landlords and it also creates stability for tenants and encourages longer tenancies, which are UK government policy aims.
Vesta provides an online estate agent service to landlords, property developers and institutions that want to sell direct and a portal service to estate agents and lettings agents who are selling tenanted properties on behalf of landlords. It provides a platform that enables institutions to access existing Private Rented Sector stock at scale in an efficient and cost-effective manner.
Vesta has already sold 105 (£23m) properties with a further 151 (£15.5m) sold subject to contract and has had offers on £108m (1,000+ beds) student accommodation accepted. It has also won industry accolades, being awarded Buy-To-Let Newcomer of the year at the Propertywire awards. Vesta will shortly be opening its latest equity crowdfunding round to new investors through leading European platform Seedrs. For more information contact:
Vesta Global Limited
T 07841 873711
There is clear evidence to show that those needing wheelchair-accessible homes are an underserved market in the Private Rented Sector (PRS), despite many having the financial resources to rent a home privately. To help solve this, Abode Impact is launching the first accessible housing fund for London in 2019. The aim is to attract large-scale institutional investment to target financial returns and social impact by purchasing newly built accessible homes for private rent. Abode Impact has been incubated and supported by the Mill Group since early 2017, and is majority-owned by Community Sponsors Charity.
We have created a new way to buy your home – the Home Owning Partnership or HOP for short. The new product will help to bridge the gap between renting and owning, targeting long-term renters and those struggling to get a big enough mortgage – or get a mortgage at all.
HOP will launch in 2019, offering people an opportunity to co-invest in the home they want, where they want. The HOP Investment Program (‘HIP’) will offer long-term inflation-linked returns to institutional investors and others that seek this style of investment return.
HOP is being incubated by the Mill Group and will shortly be seeking investment for both its development capital as well as its investment programme.
Further information please contact:
Head of Marketing
T 07481 152889