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BRICKVEST ANNOUNCES ITS FIRST COMMERCIAL REAL ESTATE DEAL IN ZURICH WITH A LEADING SWISS DEVELOPER, STEINER AGPublished : 8 years ago, on
BrickVest offers investors access to a preferred equity investment for a new commercial real estate project in Zurich with Steiner AG
BrickVest, the London based online real estate investment platform, has expanded the range of institutional quality real estate investment opportunities available by offering its first preferred equity deal in Switzerland in partnership with the long-established and successful Swiss real estate developer, Steiner AG. After delivering three new deals at the beginning of September, BrickVest continues to scale its platform and has a current deal pipeline of over £50 million.
The deal sees BrickVest expand its product range to become an online real estate investment platform to offer deals diversified by region, risk and capital structure. BrickVest’s platform allows investors to invest in pre-vetted commercial real estate with the ease of an online trading platform. The deal agreed with Steiner AG will fund the development of MANUFAKT8048, a new business park in Zurich comprising 15,000m² of modern office space.
Emmanuel Lumineau, CEO at BrickVest, commented: “We are very pleased to announced a deal with Steiner AG, who is one of the oldest and most experienced developers in Switzerland, as it perfectly illustrates BrickVest’s ethos – we want to break down barriers for deals that were previously accessible only to the elite institutional investors.” The development will be managed day to day by Seiner AG, an institutional quality deal sponsor with over 100 years’ experience in the Swiss market. Steiner AG has developed over 100,000 m² in Switzerland and more than EUR 500 million in the last five years.
Guy Besson, Head of Business Development at Steiner AG said “We are entering the professional real estate crowdfunding space as it offers tremendous potential for the future and we want to be the pioneers in the field. BrickVest was the perfect partner for us because it stood out with its institutional quality platform and governance, which is the key to making it a lasting and scalable opportunity.”
BrickVest is institutionalising the real estate crowd funding model and is on a mission to offer investors online the same product and service as large institutions such as pension funds and insurance companies would expect while providing unique tools to assess, build and transact on their real estate investment portfolio. BrickVest has unlocked the ability to combine unparalleled ease of access and transparency while providing an institutional-level investment platform with increased liquidity, supported by best-in-class reputable fund service providers.
European investors interested in signing up and viewing BrickVest’s pan-European real estate investment offering can do so on https://brickvest.com/en/.
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