Blog
€3 million financing in just 3 months
We are pleased to announce that the Devon platform has reached an important milestone - over €3 million in project financing secured within just three months of launch.
This achievement reflects the strong interest and trust shown by our investor community. More than 400 active investors have already joined Devon, supporting a steady flow of real estate investment opportunities.
Since launch, the platform has successfully completed 8 financing rounds across 5 high-quality real estate developments.
We are actively preparing further rounds for both new and ongoing projects, offering a range of compelling opportunities and supporting MJL Group's expansion plans. These projects include new developments - all built using MJL Group’s designed and manufactured modular building systems - and renovation projects located in premium urban and resort areas.
We extend our sincere thanks to all our investors and partners for your continued support. We look forward to growing together and creating long-term value.
You may like these articles
Operations overview / September
The first month of autumn is behind us, and we continue to actively work on MJL Group’s projects and funding developments. September brought further progress across construction projects, alongside continued work on strengthening platform's legal and regulatory framework, including a positive legal assessment from KPMG Germany.
Operations overview / August
August was an important month for Devon, with progress across both the platform’s regulatory foundation and its underlying development portfolio. A key milestone was the publication of the KPMG Germany legal opinion, providing further clarity on Devon’s loan structure and its treatment under German regulatory requirements.
Executive Summary - KPMG Germany Legal Opinion
KPMG Germany has conducted a legal assessment of Devon’s loan structure and contractual framework under the applicable German regulatory requirements, with particular focus on whether Devon could be classified as conducting deposit-taking business. Below is a summary of KPMG’s general findings and regulatory conclusions.