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Peer2Peer Finance News | October 23, 2017

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BrickVest partners with German property firm on employee participation fund

BrickVest partners with German property firm on employee participation fund
Suzie Neuwirth

BRICKVEST, the peer-to-peer real estate firm, has partnered with German commercial property specialists BEOS to offer a new investment fund to BEOS employees.

The London-based company said on Tuesday that the employee participation fund (EPF) will enable BEOS employees to invest in existing BEOS real estate opportunities alongside institutional investors.

“Many of our employees wanted to participate in the real estate deals they are managing on a daily basis,” said Holger Matheis, who is on the management board at BEOS. “In BrickVest, we have found a partner with whom we have been able to implement an innovative solution that makes this possible.”

The BrickVest/BEOS EPF is a multi-million-pound property fund that is managed by BrickVest and independent from BEOS.

Read more: BrickVest builds on institutional expertise

BEOS employees will invest via the BrickVest platform in BEOS’ €300m (£266m) German real estate portfolio.

The new fund aims to boost employees’ motivation and commitment to the company, by providing access to an investment opportunity usually open just to institutional investors.

The announcement is the start of a series of services that BrickVest intends to offer to sponsors in the fintech, regtech and proptech sectors.

Read more: Property P2P platforms unfazed by landlord worries

BrickVest connects sophisticated investors with institutional real estate opportunities in the UK, Europe and the US.

Thomas Schneider, chief investment officer at BrickVest, said the company is actively looking to partner with more European commercial property firms on similar deals.

“We are continuing to attract institutional sponsors, thousands of investors and family offices that are seeing BrickVest as alternative investment solution,” he said. “Our innovative platform continues to see soaring levels of demand for accessible real estate investment.”

Read more: Demand grows for property loans in tranches