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Peer2Peer Finance News | January 23, 2019

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BrickVest targets ultra-wealthy investors with new platform launch

BrickVest targets ultra-wealthy investors with new platform launch
Kathryn Gaw

REAL ESTATE investment platform BrickVest has launched a new service for institutional investors and ultra-high-net worth individuals (UHNWIs) called ‘BrickVest Select’.

Described as a “B2B deal listing and club deal investment platform,” BrickVest Select will offer access to large commercial real estate deals valued at between £5m and £300m. The minimum investment threshold is £500,000.

Read more: One fifth of world’s ultra-wealthy looking for new investments

The platform is already offering approximately £1.5bn worth of investments across 40 listed deals from across Europe, the United States and the Middle East. It expects to have 200 deals listed by the end of 2018.

“Having successfully created a one-stop online platform that provides investors of all sizes with access to institutional-grade real estate, BrickVest Select is the next step in our evolution,” said Emmanuel Lumineau, chief executive at BrickVest.

Read more: BrickVest hiring spree continues with COO appointment

“We’ve designed the service in response to growing demand from family offices and institutional investors looking to build larger, diversified commercial debt and equity real estate portfolios through different structures such as an alternative investment fund (AIF). Most investors of this type wouldn’t be able to directly access the range of assets we offer.

“Thanks to BrickVest Select, investors can disintermediate this process and therefore, avoid paying additional charges.”

BrickVest Select will charge between 0.5 per cent and two per cent, depending on the value of the deal. There are no fees for listing deals on the platform.

Lumineau added: “We have already received considerable interest from sponsors looking to build a broader base of high-quality investors through a fully licensed platform and we look forward to working with them to deliver some highly successful outcomes.”

Read more: BrickVest builds on institutional expertise