A firm which has set out its stall as the stock exchange for property has announced that it now has over £100m of property value on its platform.

Property Partner is a crowdfunding platform which allows investors to chip in ‘shares’ in property purchases. Investors benefit by sharing in rental income and in any capital appreciation when the property is sold. They can also trade their shares.

It launched in December 2015 when it had £21.9m assets under management. By last December it had £57.8m worth of property under management, and has since almost doubled.

In October Property Partner completed the UK’s largest ever property crowdfund as individual investors together raised nearly £3m of equity to purchase a purpose-build student block in central Newcastle.

Founder Daniel Gandesha said the business is maturing from a start-up into an established investment platform.

He said: “Confidence in the business is growing, and while we will always remain a product for everyone, it is not uncommon for investors to be depositing six- or seven-figure sums, which is driving our growth.

“Buy-to-let investors and deposit savers alike are finding our product an easier way to access the property market.”