UK-based Online Real Estate Investment Platform BrickVest Acquired by German Firm Patrizia

UK-headquartered digital real estate investment platform BrickVest has reportedly been acquired by Patrizia, a Germany-based firm. Details regarding the terms of the deal and the amount paid for the purchase have not been shared publicly.

Established in 2014, BrickVest allows customers to invest in pre-screened real estate businesses from more than 1000 sponsors, all handled via the internet.

Patrizia, which has notably been in the property investment management industry for over 35 years, said that the deal will allow BrickVest to gain access to a large global network of investors, major industry participants and financial institutions.

Wolfgang Egger, CEO at Patrizia, stated:

“We are convinced that BrickVest has the potential to become the go-to global and independent industry platform of choice for real assets. Therefore, it is essential for us that BrickVest remains independent and provides full transparency, convenient access as well as much broader choice to all investors.”

Egger added that his firm will ensure that BrickVest gets access to its extensive industry knowledge and expertise, established investor network and expert market intelligence which “makes the platform even more attractive.”

Mark Supperstone, managing partner at administrators ReSolve, noted:

“We are pleased to have secured the sale of this leading Fintech player to Patrizia enabling it to further develop its business with the backing of such a strong and well-connected partner. We wish it every success in the future.”

As mentioned on BrickVest’s official website, the company aims to be a “one-stop solution provider for deal sponsors and investors in real estate.”

The company offers a regulated execution and liquidity platform which aims to be “at the forefront of technology.” BrickVest’s proprietary system has been designed to address the complete value chain, from the offering stage to closing, as well as a secondary market for trading.

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