An unusual real estate investment is being offered to investors worldwide; the opportunity to own a piece of the world’s most famous cricket ground.
Parcels of land at the iconic Lord’s Cricket Ground in London and a share of the Mayfair home of iconic luxury brand Céline are being offered by New Commonwealth for as little as £500 (around C$875).
The investments will be processed using blockchain technology and the firm says that ‘s not just the technology that’s changing the traditional model of property investment.
"Our revolutionary business approach means that for the first time anyone can own a part of this treasured city. The pride, profits and benefits of property investment has been the preserve of the few for far too long, so we're delighted to give everyone a chance to own their part of these magnificent locations," the firm says.
In the case of the cricket ground, the firm says that there is unlikely to be any redevelopment in the lifetime of the investor, but that with the famous MCC cricket club’s lease expiring in 100 years it could be something of great value for heirs.
New Commonwealth will be adding more properties in the coming months.