Ethical Property Company expands beyond Europe

Social enterprise plans world-wide franchises

The Ethical Property Company intends to create a series of worldwide franchises after extending its operations into Europe.

The social enterprise, which buys property and rents it to third sector organisations, bought its first buildings outside the UK last year in the Belgian cities of Brussels and Namur and is using these assets to set up an independent company.

Jamie Hartzell, managing director of the company, said it was holding a private offering - where people are approached to purchase shares in the company - to raise finance from a small number of investors and would follow it up with a public offering.

He said he wanted to extend operations to other European countries and was considering doing the same thing in Nairobi, Kenya.

"Our primary purpose is to strengthen the cause of civil society all around the world," said Hartzell. "We've tried this model in Belgium and it's worked extremely well. Now we want to see it work elsewhere."

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