Patrizia buys real estate fintech out of administration
Patrizia has bought London-based online real estate investment platform BrickVest out of administration.
The London-based firm had appointed ReSolve as administrator in November. Founded in 2014 by Emmanuel Lumineau and Thomas Schneider, BrickVest serves the liquidity and investment needs of 1,000 real estate sponsors, 20 banks and 6,000 clients in Europe and the US, from deal listing to investment execution.
With offices in London, Nice and Berlin, BrickVest employs more than 20 people.
Patrizia has bought London-based online real estate investment platform BrickVest out of administration.
The London-based firm had appointed ReSolve as administrator in November. Founded in 2014 by Emmanuel Lumineau and Thomas Schneider, BrickVest serves the liquidity and investment needs of 1,000 real estate sponsors, 20 banks and 6,000 clients in Europe and the US, from deal listing to investment execution.
With offices in London, Nice and Berlin, BrickVest employs more than 20 people.
To date, the firm has raised around £12m of capital in various funding rounds from 50 angels, three VCs and two banks.
Patrizia said the deal will give BrickVest access to a new global network of investors, industry partners and banks.
Wolfgang Egger, chief executive of Patrizia, said: “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.
“We will ensure that BrickVest has access to our deep industry knowledge, broad investor network and expert market intelligence which makes the platform even more attractive.”
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