BrickVest re-builds real estate investment 17 February 2016London Reporter: Stephanie Palmer
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Financial technology firm, BrickVest has launched its online real estate investment platform, allowing for relatively small investments into real estate opportunities usually only available to large institutions.
The BrickVest platform is now accepting investors, who can invest as little as €1,000 in to institutional real estate.
All deals on the platform have already closed, meaning that investors receive their stake in the property immediately – as opposed to crowdfunding investment projects, which require a certain level of investment in order to acquire the property.
The system is designed to be transparent and easy to access with a high level of liquidity, and could allow investors to choose opportunities based on their preferred asset class, geography and return profile.
Three closed deals are already available on the platform: a commercial real estate site on Oxford Street in London, with Thor Equities; office space in Berlin’s central business district, in partnership with Aerium; and retail sites in the German cities of Bremen, Düren and Flensburg, with Corestate.
CEO of 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.”
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