- Bricklane harnesses technology to unlock investment in residential property at scale.
- The company was founded in 2016 by Simon Heawood and Tom Cavill in London, United Kingdom.
- Bricklane are backed by a range of leading investors including LocalGlobe, A/O Proptech, Clocktower Technology Ventures, DMG Ventures, and Zoopla.
About Bricklane
Using Compass, Bricklane’s proprietary technology platform, the company have industrialised the investment process from end-to-end, executing granular transactions that fly below the radar of other professional investors to create a sustainable edge for our partners.
Once properties are acquired, the company provides a great proposition for our tenants, with long-term contracts as standard, and responsive property managers.
Bricklane are currently deploying their first major institutional mandate, focussed on carefully selected areas of London, the South East, and Bristol. They also manage portfolios of property for retail investors in London, Leeds, Manchester and Birmingham.
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Bricklane Acquisition of Residential Property Portfolio
In February 2020, it was announced that Bricklane had completed the acquisition of a portfolio of residential assets worth more than GBP13.6 million from the British Residential Unit Trust (BRUT) in a transaction comprising a cash and shares consideration.
The BRUT portfolio contains 74 PRS units, which are 93 per cent leased, spread across four high quality buildings located in Manchester and Birmingham. The properties have been acquired on behalf of Bricklane’s Regional Capitals REIT, increasing its total number of properties to 127 and taking its AUM to GBP23.6 million. They are a strong strategic fit with the existing portfolio and provide additional exposure to specific attractive submarkets already targeted by the Fund, such as Birmingham’s Jewellery Quarter.
Bricklane’s Regional Capitals REIT has a total return of 20 per cent-plus since launch in September 2016, despite political uncertainty, and is now well-poised to benefit from increased market momentum. For BRUT shareholders, the part-share part-cash consideration enables them to maintain exposure to the strongly performing assets while removing direct management responsibilities and operating overheads.
