BrickVest generates 31% returns from maiden exit

The European online crowdfunding platform has made its first exit from a Corestate partnership 18 months after the launch of the platform.  

BrickVest, a European online crowdfunding real estate investment platform, has made its first exit from a national German retail portfolio of 23 assets.

In a statement announcing the exit, the firm said the European investors that invested in the BrickVest Fund Harvest 1 vehicle have achieved returns of 31 percent, following the exit.

The investment was made in partnership with Corestate Capital Group, the Luxembourg-headquartered real estate investment firm.

“Following the successful exit, investors using the BrickVest platform have achieved a superior return from an institutional-quality fund led by a strong real estate investment manager,” commented Remi Antonini, head of ratings at BrickVest.

“This attractive absolute return was realised in the context of a controlled risk profile as the fund invested in a diversified and income-producing German retail portfolio with a cautious gearing level.”

BrickVest was launched in early 2016 as a pan-European online marketplace for real estate investing through which retail investors among others could invest in pre-vetted investment opportunities. Investors need to create an account, select their investment, and transfer the investment amount after signing legal documents, following which they receive monthly cash flow and proceeds once the asset is sold, according to information on BrickVest’s website. The firm also adds that in case the requisite investment target amount is not met, money is returned to the investors.

The firm is targeting investments in development projects and cash-flowing assets across all asset types and locations, and will also explore investments in debt and equities securities.