Alta, Asia’s leading digital securities exchange for alternative assets, has partnered with Shojin, a property investment platform based in England. This collaboration aims to launch Shojin’s offerings and broaden access to the United Kingdom’s real estate sector.
Muzahir Degani, Head of Private Capital Markets at Alta, stated, “This partnership with Shojin is a significant milestone in expanding access to premier real estate investment opportunities in the UK. At Alta, we are committed to democratizing alternative assets. Shojin’s proven track record and innovative approach align perfectly with our vision. The UK remains a top choice for real estate investors worldwide, and this collaboration will enable our investors to tap into unique high-yielding opportunities and diversify their portfolios with confidence.”
The UK housing market is expected to see substantial recovery in the next 12 months, driven by an increase in new property listings and rising buyer interest, according to a survey by the Royal Institution of Chartered Surveyors (RICS).
In the past year, buyers from Singapore and the Asia-Pacific region have actively acquired commercial properties in London. Data from CBRE and Savills reveal that Asia-Pacific buyers dominated foreign property investments in the British capital in 2023, seizing opportunities in the city’s undervalued commercial property market. Singaporean investors have led the charge, securing properties worth £1.1 billion (S$1.87 billion) in 2023, followed by Japanese investors with acquisitions totaling £900 million.
Shojin, established in 2009 as a property developer, pivoted in 2015 to support other developers needing junior funding. By 2017, it received FCA authorization for its online investment platform. Since then, Shojin has raised over £65 million for projects with a combined Gross Development Value exceeding £615 million. The company has also garnered industry accolades, including the Bridging Lender of the Year award at the P2P Finance Awards 2023.
Igor Gorbatsevich, Head of Digital at Shojin, commented, “We are excited to partner with Alta to bring our property investment opportunities to a wider audience, especially in Asia. This collaboration enhances our mission to make high-quality real estate investments more accessible to a global investor base.”
Amidst the rising demand for real estate, Alta recently announced a partnership with Ray White Capital, Australia’s largest real estate group, aiming to expand access to Australian Real Estate Private Credit.
In an era marked by evolving investor demands for liquidity and portfolio diversification, Alta remains committed to tackling the challenge of private market illiquidity with enhanced access, efficiency, and security. Recently, Alta was named a 2024 Technology Pioneer by the World Economic Forum and the Best Alternative Asset Exchange 2024 by the UK-based publication, Capital Finance International.
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By Proptechbuzz
By Ravi Kumar
