Germany’s Aareal Bank Group is to buy a stake in BrickVest, the London-based online platform for commercial real estate investments.
BrickVest provides professional investors with access to institutional-class real estate investment opportunities and is the only fully regulated online platform of its kind in Europe.
Aareal Bank is the second German bank to acquire a strategic stake in BrickVest, following Berlin Hyp’s investment in October 2017.
Hermann Merkens, chief executive of Aareal Bank, commented: “BrickVest is a proven start-up with a comprehensive understanding of real estate, capital markets, regulation and technology. Its platform fits perfectly with our innovation and digitisation growth strategy. Making such acquisitions is also one of the central thrusts of our Aareal 2020 programme.”
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