Patrizia has acquired real estate investment platform BrickVest, whose parent company fell into administration in November.
London-based BrickVest allows both institutional and private investors to invest in real estate deals from various vetted “sponsors”. It will retain its independence as part of the deal, Patrizia chief executive Wolfgang Egger said.
Patrizia did not disclose the financial terms of the deal.
The platform had the potential to “become the go-to global and independent industry platform of choice for real assets”, Egger said.
“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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