London-based on-line actual property funding platform BrickVest has been purchased by German outfit Patrizia. Monetary phrases weren’t disclosed.
Patrizia, which has been in the actual property funding administration enterprise for greater than 35 years, says the deal will give BrickVest entry to a brand new world community of buyers, business companions and banks.
Wolfgang Egger, CEO, Patrizia, says: “We’re satisfied that BrickVest has the potential to change into the go-to world and impartial business platform of selection for actual belongings. Due to this fact, it’s important for us that BrickVest stays impartial and gives full transparency, handy entry in addition to a lot broader option to all buyers.
“We are going to be sure that BrickVest has entry to our deep business data, broad investor community and professional market intelligence which makes the platform much more enticing.”