Australian equity crowdfunder VentureCrowd will give investors the opportunity to take equity in two Mirvac properties as part of a new trial.
VentureCrowd Property will allow sophisticated investors to build diversified property portfolios “without the financing and property management hassles”, said a statement by the company.
VentureCrowd chief executive Jeremy Colless said expected regulatory changes in 2015 will allow crowdfunding investment opportunities to be extended to retail investors.
“The VentureCrowd platform has proven to be a compelling alternative capital raising solution for seed and later stage high-growth companies.
“We are now expanding the platform to encapsulate the much larger property market,” Mr Colless said.
As part of the trial with Mirvac, investors will have access to two properties in Sydney.
Mirvac chief executive for residential development John Carfi said the trial will also allow Mirvac to “understand the ins and outs of crowdfunding”.
“VentureCrowd already have the expertise and experience in delivering successful crowdfunding platforms,” Mr Carfi said.