Fintech real estate platform BrickVest is open for business.
BrickVest allows users to invest as little as €1,000 in institutional real estate. This, says the company, was previously only accessible to large institutions such as pension funds, insurance companies and large family offices.
BrickVest also announces three deals which will allow users to invest alongside three investment partners who currently manage billions of global real estate assets:
- Thor Equities, a global leader in urban real estate investment and development, access to investment in retail assets located in central London;
- Aerium, the pan-European real estate investment manager, access to an investment in the heart of Berlin’s central business district;
- Corestate Capital Group, access to German retail portfolio.
Investors behind BrickVest include Harvard University Professor of Real Estate Finance, Richard Peiser, and Global Founders Capital, the venture capital arm of Rocket Internet.
In a statement BrickVest said: “We offer a range of investment opportunities allowing investors to select an opportunity based on the preferred asset class, geography and return profile. Unlike property crowdfunding platforms, which first need to raise enough financing from investors in order to acquire a property, all the investment opportunities on platform have already been closed. This means that investors can immediately acquire their stake in the property.
“We have unlocked the ability to combine unparalleled ease of access and transparency while providing an institutional-level investment platform with increased liquidity, supported by best-in-class reputable fund service providers such as Nabarro LLP (legal), BDO LLP (audit, tax), Reyker (fund operations, depositary, custodian) and Lawson Conner (regulatory).”
CEO at BrickVest Emmanuel Lumineau said: “Today is a significant moment in the real estate industry, as we are levelling the playing field for those who have been unfairly locked out from closed networks. While most existing real estate peer-to-peer funding platforms act as a brokerage service for investors, BrickVest offers the full spectrum of investment management services: from complete deal underwriting and structuring to investment management, rating and monitoring. BrickVest further sets itself apart by providing to the European investment community a unique liquidity platform to a traditionally illiquid asset class. I certainly believe that we are introducing a fundamental shift in the process of real estate investment.”