BrickVest, the London-based online real estate investment platform, has announced the launch of Harvest Investment 6 (HV6), which will enable BrickVest members to gain exclusive access to the iconic Royal Liver Building in Liverpool ahead being brought to market.
HV6, the latest in BrickVest's range of single strategy Alternative Investment Funds, is designed to generate a stable income for investors through exposure to the office sector. To launch the offering, BrickVest has partnered with CORESTATE Capital Group, a fully integrated investment manager listed on the Frankfurt Stock Exchange with approximately €22bn AUM.
The Royal Liver Building was selected as the single asset of HV6 in response to growing investor demand for income-focused investment opportunities. Indeed, BrickVest's research among real estate investors shows that demand for this strategy has risen from 36% in Q2 2017 to 41% in Q2 2018.1
The Royal Liver Building currently holds an asset value of approximately €60m and is set in a prime location overlooking the River Mersey. It is a Grade I listed building and is located at the Pier Head. Along with the neighbouring Cunard Building and Port of Liverpool Building, it is one of Liverpool's 'Three Graces', which line the city's waterfront.
Commenting on the deal, Emmanuel Lumineau, CEO** at BrickVest, commented:**"This exclusive offer, which enables investors to gain exposure to the Royal Liver Building, has been launched in response to growing demand from our members for safe haven opportunities that generate income and provide high levels of liquidity at this late stage in the cycle."
"Two years on from the Brexit vote, our investor sentiment data shows that the UK remains Europe's most popular commercial property market. Our data also reveals that appetite for low risk, primary assets continues to climb."
More about HV6
HV6 will be distributed through AIFM liquidity platform, BrickVest Access. HV6 marks the second partnership with CORESTATE Capital Group, whom BrickVest partnered with for its HV1 exit in June 2017, which produced a return of 31% in less than 18 months after the platform was launched.
BrickVest Harvest Fund Series – HV6 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 €2bn of deals