BrickVest, the pan-European online real estate investment platform, today announced it has raised more than £1 million for its listed real estate projects, closing two oversubscribed investments two months after launch. The platform has already attracted more than 1,120 international members.
The BrickVest platform provides investors online access to institutional quality commercial real estate investments across Europe and its performance in its first month shows consumer appetite for investment opportunities provided by ‘Proptech’ firms. BrickVest was founded by the end of 2014 and is has offices in London and Berlin.
Only two months after the launch, BrickVest raised £1 million and an additional £0.7 million in pledges. The investment platform completed two oversubscribed German institutional grade investments with a London Oxford Street retail investment opportunity selling fast. BrickVest identified 125 real estate sponsors with more than 300 deals across Europe and the United States.
According to BrickVest, 1,000 investors from Family Offices and high net worth individuals with aggregate wealth of £3 billion looking to deploy £100 million into European and United States Real Estate in the next 12 months.
Emmanuel Lumineau, CEO, BrickVest says: “We knew BrickVest could satisfy sophisticated investors, historically unable to access significant real estate investment opportunities, and the success in the first month is strong validation for the platform. With the first two deals in Germany already closed, our members have indicated their intention to increase their allocation to our investment offerings. We are now focused on investing in our technology and people to scale our services and on ensuring that we are reacting swiftly to this remarkable global demand for accessible real estate investment.”
The first investment opportunity to close on BrickVest’s platform is an office in Berlin’s central ‘Potsdamer Platz’ – a deal made available thanks to BrickVest’s partnership with ÆRIUM.
BrickVest’s Chief Investment Officer Thomas Schneider notes: “The opportunities available to members are selling themselves. Our users appreciate the transparency, simplicity and ease of investing. This has enabled us to focus on our unique deal sourcing capabilities. We are now expanding our investment offering to other European countries and the US and we are accelerating the launch of our secondary marketplace.”