Giving buildings back to the community is social impact

Innovation and social impact can go hand in hand, Sanmi Adegoke, CEO, Rehoboth Property International told Real Asset Impact.

“We are now a real estate firm doing development, investment and consultancy, but initially we started out from a niche market,” he said. Adegoke’s starting point was finding places of worship for the community – churches, mosques and Hindu temples.

“We saw there was a massive gap in the market because there was a massive demand for those buildings,” he explained. “So we were able to grow from about three clients when we started, to the 5,000 clients we have now.”

From actively looking for spaces for places of worship, the company evolved into development and widened its reach.

“We started developing different kinds of unused buildings like courthouses, police stations, pubs or prisons and turning them into community assets,” he said. “We are doing a lot of very innovative development in the UK.”

Adegoke’s role has been recognised with several awards, including Property Investors’ Property Developer of the year in 2022 and UK Property Awards’ Entrepreneur of the year in 2021.

“We as a firm believe that it’s all about giving back to the community and having a positive social impact, which is why we turn these old buildings back into useful assets,” he said.

Reheboth Property International’s next step is a £100 million social impact fund which is about to be launched on the market.

Please click on the video above to watch the full interview or listen to the podcast below.