NexusCrowd has launched a new redevelopment project on its online investment platform, and has partnered with Toronto-based Downing Street Realty Partners (Downing Street), the lead investor for the $12 million project.

The real estate, already purchased by Downing Street, includes three industrial properties in the Greater Toronto Area (GTA); on in Mississauga and two in Toronto, all totaling 110,000 square feet. The two Toronto properties are currently being remediated due to environmental contamination and will be completed in September 2016.

“We are extremely pleased to welcome Downing Street as a partner,” said Hitesh Rathod, chief executive officer of NexusCrowd. “Downing Street has a long history of successful investment and management in the real estate development and redevelopment sectors. This partnership broadens our ability to offer high-quality investment opportunities to accredited investors with a reputable sponsor.”

NexusCrowd, the first investment platform in Canada to provide accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50 per cent of their funding target, has raised $500,000 for this new project.

According to crowdfunding firm, Massolution, the market for real estate crowdfunding is expected to increase by 150 per cent, equaling $2.57 billion in 2015, making it one of the fastest-growing industry segments of crowd capitalism.

 “Partnering with NexusCrowd enables us to efficiently raise additional sources of capital, while leveraging the power of crowdfunding,” added Marc Canale, partner at Downing Street Realty Partners.