BrickVest announces first close of Harvest Investment 5
News | June 21, 2018
BrickVest, the London-based online AIFM real estate platform today announces the first closing of Harvest investment 5 ("HV5"), a BrickVest-managed real estate Alternative Investment Fund focused on Swiss income producing real estate investment opportunities. HV5 has been developed in partnership with ACRON AG, a leading Swiss-based real estate asset manager with a transaction volume of CH1.7 billion.
HV5 is a Core Investment strategy aiming to produce a 5%+ annual dividend and capital appreciation over time transact, HV5 is available to BrickVest "Access" members, BrickVest's real estate investment platform dedicated to HNWs and family offices.
To accommodate continuing demand from European investors for access to quality Swiss real estate income-producing strategies, HV5 is exploring its option to increase its equity allocation to the ACRON investment from CHF 1m to CHF 40m via additional fund raising through its BV Access Platform during 2018.
First fund investment
Following the closing of its first tranche, HV5 has made its first equity investment in an a CH180m asset portfolio managed by ACRON AG, comprising premium office buildings in the greater Zurich and Bern Areas. The portfolio is well capitalised with 30+% equity capital and has a diversified pool of investment grade rated tenants including Takeda Pharmaceuticals International AG, Baxter and T-Systems.
BrickVest Harvest Fund Series - HV5 is part of BrickVest's Harvest Investment Fund Series, a group of BrickVest-managed thematic, single strategy Alternative Investment Funds. These offer European professional investors cost-efficient and transparent access to real estate deals across the Continent, anchored by institutional assets and managed by alpha asset managers. Since 2015, Harvest Investment Fund series has launched seven funds and provided exposure to the capital structure of Euro 2bn of deals.
HV5 first tranche distributed through AIFM liquidity platform, BrickVest Access
The HV5 first tranche was distributed to European Investors by BrickVest Access, its AIFM liquidity platform. The first tranche was raised from 17 professional investors in Germany, France, the UK, the Netherlands and Scandinavia. These included family offices and High Net Worth Individuals with sizeable real estate allocations in their investment portfolios. The first tranche represented 15% of HV5 investors' annual real estate investment allocation. HV5 investors can trade their interest on BrickVest Access Secondary market, one month after the First Tranche closing.
Emmanuel Lumineau, Founder and CEO, commented:"The first close of HV5 and its addition to the Harvest Investment Fund Series further demonstrate BrickVest's ability to offer access to institutional-grade investment opportunities to European investors and work hand-in-hand with established sponsors such as ACRON. We are also delighted that HV5 has already made its first investment in premium office assets in Bern and Zurich."
"We look forward to launching additional thematic Harvest Funds in the UK over the coming months to meet growing demand from European investors for access to high quality real estate deals in a cost efficient, secure, transparent and liquid environment. We are proud to welcome ACRON to our dedicated Alpha Sponsor platform. ACRON is a first-class investment manager and together we will be ideally positioned to develop highly attractive real estate investment strategies for European investors."
Kai Bender, Managing Director at ACRON, commented:"In BrickVest, we have found a partner that allow us to support our real estate asset management strategy in Switzerland and make them investable to a new target group of investors in Germany and the rest of Europe in the most secure and transparent way."
BrickVest's Since 2015, BrickVest has made several significant investments in developing proprietary resources and tools to serve investors in European alpha real estate managers. These include i) the successful development of its Harvest Investment Funds series, BrickVest's AIF thematic real estate funds, ii) the launch of BrickVest Access, its digital fund distribution and liquidity platform supported by a community of 5,000 investors in Europe and 600 sponsors, iii) a team of 30 investment and technology professionals, enabling it to effectively access the real estate sponsor and deal universe in Europe while offering quality investment and liquidity solutions through its digital platform.
The BrickVest Harvest Investment Fund series is managed by BrickVest IM Ltd, BrickVest FCA-approved full Scope AIFM and supported by prominent advisers including BDO LLP (Audit, tax), CMS (legal) and Reyker (Custodian, Depository).