Real estate fintech firm Wealth Migrate is moving forward with a strategy for global expansion in response to growing demand, which follows an industry survey that shows Millennials are now the most interested in real estate investing via technology.
The company, which offers global real estate investment opportunities via an online platform, has opened additional offices in the U.K. and the U.A.E.
The move is part of a corporate strategy to meet increasing demand from global investors and build relationships with real estate operators around the world.
Ken Williams, who holds over 20 years’ experience in investment banking, has been named CEO of Wealth Migrate, U.K. while Lee-Ann Rush, who has experience in intellectual property and corporate governance and compliance, has been appointed, CEO of Wealth Migrate, MENA.
The recent moves come after a survey by RealtyShares and Harris Interactive found that Millennials are the most interested in entering the real estate market.
More than 80 percent of this age group said they wished the process of investing in real estate was easier, with 60 percent saying they would be more likely to invest there were technology available ease the process.
Rush said similar sentiments exist in the Middle East.
“Living in the vibrant cosmopolitan city of Dubai, I have experienced first-hand how Middle Eastern and expat investors are hungry for hassle-free, well-managed global real estate opportunities to diversify their portfolios and reduce risk,” Rush said. “Wealth Migrate offers a transparent, convenient platform which makes it easy to invest across multiple jurisdictions and currencies, creating true global wealth.”
Easing the investment process is also one of the reasons why Wealth Migrate expanded to the U.K., said said Hennie Bezuidenhoudt, co-founder and chairman of Wealth Migrate
“In addition to being one of the leading FinTech hubs, the U.K. is an exceptional real estate market, which we have been investing in for over 15 years,” said Bezuidenhoudt. “The addition of Mr. Williams and the rest of the U.K. team will ensure we continue to bring this country’s high quality investment opportunities to our growing community of investors.”