Property investment and financing platform, Estateguru Marketplace Limited, has announced it is launching to the UK market with its first office opening in Manchester.

The technology firm plans to start facilitating loans once fully FCA approved.

Estateguru Group was founded in Tallinn, Estonia in 2013 and has since funded over €500m in loans to 3,000 development projects and business plans across Europe. The firm hit the €100m lending mark in 2019 and has grown exponentially since, breaking half a billion in loans in January of this year.

Following final approval from the FCA, Estateguru confirmed it will facilitate property-backed loans for SMEs and present investment opportunities in the UK for both retail and institutional investors looking to get a return on their capital through real estate and development projects.

The firm will begin its operations in Manchester, funding property and development projects across the North West region before expanding its services with a London office in the pipeline.

Estateguru managing director, Ross Gandy, commented: “Our offering is twofold – not only do we offer an accessible route into real estate for retail investors, and a reliable source of investment for large institutions, but our ability to provide competitive alternative finance options to SME borrowers is absolutely crucial in supporting innovative development projects that ultimately have a positive impact on the region and the local people.”

Co-founder and chairman of Estateguru Group, Marek Pärtel, added: “Reaching the significant milestone of €500m lent was the perfect way to start 2022, and set the tone for the year ahead. We have seen the demand for financing grow throughout Europe and especially from SME companies who are looking for professional, reliable financing partners with expertise in the sector.”

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