OPENCORP TAPS INTO THE CROWD FOR GROWTH

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Source: Business News Australia

MELBOURNE developer Matthew Lewison started out by giving friends and family a piece of the action from a string of developments he was undertaking.

Now, he is extending his reach through what his company OpenCorp describes as a crowd-sourcing model that has given the group momentum to expand into broader markets.

OpenCorp is currently eying $360 million worth of projects in the Brisbane market, and many of the investors planning to share in the profits include self-managed super funds.

OpenCorp, which was established in 2005 primarily as a property investor, started acquiring sites in Brisbane a few years ago as Queensland’s south-east corner finally showed signs of recovery.

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