Wednesday 18 June 2008
movewithus is celebrating the first anniversary of Project Greengold, their innovative Argentinean arable farmland investment. Launched in June 2007 and now in its fifth stage, the investment has proven so popular that more than 15% of its clients have returned to reinvest, attracted by the soaring demand for soft commodities. This month, the earliest investors receive their first annual rental payments.
According to movewithus, arable farmland is one of the most lucrative investments available in the market. Macro-economic factors such as record oil prices and a worldwide food crisis have increased demand for crops produced on farmland, to be used as a source of food, animal feed and bio-fuel.
Robin King, director of movewithus, said: “If demand for land continues to rise at anywhere close to its current rate, investors in Project Greengold could end up as the oil barons of the future! The rising GDP of developing countries means a proportionally larger and more affluent middle class with more disposable income which, in turn, increases demand for meat and food staples such as rice. These conditions are not likely to change for at least a decade.”
Numerous investors have seen the development as a way to shield their wealth from the effects of the credit crunch. Many lenders have been withdrawing finance for traditional off-plan property investments as lending criteria become stricter. However, Project Greengold is completely funded by private investment, eliminating any reliance on bank lending and adding security and stability.
Secure and affordable enough to attract first-time and experienced investors alike, the investment has drawn investors from countries in Europe, the US and the Asia. Their backgrounds have been notably varied - solicitors, doctors, property developers, company directors, accountants and insurance risk assessors, to name just a few.