BrickVest has set up a second commercial property employee participation fund in partnership with German commercial property specialist Beos.
The London-based online property investment platform said it has launched the Employee Participation Fund (EPF), a co-investment fund, to offer Beos employees the opportunity to invest in their employer’s existing real estate deals alongside institutional investors.
BrickVest’s first EPF for Beos was set up in 2018.
The employee participation fund helps real estate developers to attract and retain talents, and improves overall confidence and ensures greater liquidity for institutional investors.
The fund, with €5m in assets at launch, is managed by BrickVest, while the underlying asset, a €300m German real estate portfolio, is managed by the Swiss Life Asset Managers affiliate Beos.
Emmanuel Lumineau, CEO at BrickVest, said: “We’re delighted to be partnering with Beos to launch our second EPF which benefits deal sponsors, investors and employees equally.
“BrickVest is fast cementing its place as the go-to solutions platform for European real estate sponsors. We look forward to working with other European real estate firms to put similar schemes in place and further democratise commercial property investment.”
Holger Matheis, management board at Beos, said: “We have decided to renew our trust in BrickVest for our second employee participation fund, making it accessible to a larger number of our staff.
“BrickVest has designed and executed all of the steps involved in structuring and managing the fund in a tailor-made and flexible way.”