Aareal Bank has invested into real estate investing platform BrickVest, bagging a strategic stake.
This deal comes as part of Aareal’s digitalisation efforts. The bank chose to back BrickVest due to its successful digital model which it believes will ‘play a key role in shaping the future of real estate investing.’
London-based BrickVest is a pan-European real estate crowd investing platform, which allows users access to institutional-grade investment opportunities from as little as €1,000. The platform helps real estate companies to be connected with investors, family offices and institutional investors, creating a diverse source of capital.
The company’s Access product offerings provides private and institutional investors with access to institutional real estate investment opportunities. The BrickVest Select service is comprised of fund solutions for institutional investors and deal sponsors that provide high-levels of transparency and transactions on both sides.
BrickVest CEO Emmanuel Lumineau said, “This is another important growth milestone for our firm and underlines our decision to become an AIFMD-compliant platform from the start. Aareal brings our vision to an international level and is a strong supporter of an open and liquid platform open to all industry players.
“This is what we have already achieved with our new B2B platform, BrickVest Select, which is aimed at institutional investors committing equity, debt and mezzanine capital to high quality real estate deals.”
Last year, the company closed a £7m Series A round which was led by Berlin Hyp, the real estate finance provider of Savings Banks Finance Group.
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