BrickVest, the London-based online alternative investment fund (AIF) manager for real estate has announced the first closing of Harvest investment 5 (HV5), a BrickVest-managed AIF focused on Swiss income-producing real estate investment opportunities.
HV5 has been developed in partnership with Acron, a Swiss-based real estate asset manager with a transaction volume of CH1.7 billion (€1.5 bn).
'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,' said Emmanuel Lumineau, BrickVest's founder and CEO.
Following the closing of its first tranche, HV5 has made its first equity investment in an a CH180 mln asset portfolio managed by Acron, comprising premium office buildings in the greater Zurich and Bern areas.
The portfolio is 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 said.
HV5 is a core investment strategy aiming to produce a 5%+ annual dividend and capital appreciation over time. The fund is currently available to BrickVest Access members, BrickVest’s real estate investment platform dedicated to high net worth individuals and family offices.
'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,' concluded Lumineau.