Something in the project caught my attention, but I'm still a bit skeptical of real estate-related projects, most of those that preceded it were not successful in fundraising and didn't continue later. What are the differences related to EReal, Relest and previous ones? What would be worth my attention and investment here?
We think a lot of older projects did not have a real focus in their real estate investing, or they were just investors and not developers. We are focusing on a slice of the market, in this case the 11B GBP affordable housing market and furthermore, we are competing with almost no one because no developer is interested in buiilding 100% affordable housing. Since we have the financial model where we work directly with the councils and pension funds, we will do much better.