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 €58.7m (£50m).
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 €500m in the last five years.
