(October 4, 2018) – Peakside Capital Advisors AG and Brickblock Limited have announced a strategic partnership that will merge institutional real estate investment management with the benefits of blockchain technology.
The partnership will see Peakside Capital utilize Brickblock’s proprietary software and legal framework for evidencing and databasing a real estate fund on the blockchain, a process more commonly known as tokenization. Tokenization allows for capital to be raised from a global investor pool, and for investors from around the world to access investments such as those offered by Peakside Capital, cheaper and more efficiently than what’s possible via current investment structures.
Brickblock’s full smart contract ecosystem – the technology at the heart of the partnership – was successfully audited by blockchain leaders ConsenSys Diligence at the end of September. Peakside Capital is set to be the first institutional real estate fund management firm to employ such technology.
The partnership will be presented at Expo Real in Munich, Germany, on Tuesday, October 9th at 3:00 p.m. (Hall A1, Conference Room A12). Expo Real is one of the world’s largest trade fairs for property and investment, and attracts some of the industry’s most reputable professionals and firms.
Stefan Aumann, founding partner of Peakside Capital, said:
“Blockchain-based solutions, such as those provided by Brickblock, will transform the real estate sector as they increase the ease of access for different classes of investors and transparency in global real estate markets.
“This strategic partnership marks a turning point in real estate investment management, as it will be the one of the first democratized investment products. The idea is to provide attractive, professionally managed investment products that fully comply with any applicable regulation to a broader investor base using state-of-the art blockchain technology.”
Jeffery Woodward, Director of Brickblock Limited, said:
“We are incredibly excited to take this first step in our mission to make real estate investments more accessible, affordable, and efficient. Peakside Capital’s offering presents an ideal use case for the application of our technology and we are really proud to be working with a company that has consistently demonstrated its expertise in the industry.”
Director, Brickblock Limited
M: 0044 (0) 7887990096
For Peakside Capital
Dido Laurimore / Tom Gough
+44 (0) 20 3727 1000
About Peakside Capital Advisors AG
Peakside Capital is a specialist European Investment Manager, owned by its management. It manages real estate assets currently totalling over EUR 1 billion in gross asset value with a focus on CEE and Germany. The company has offices in Frankfurt, Munich, Zug (CH), Warsaw, Prague and Luxembourg.
Peakside Capital provides fund management and investment advisory services for managed portfolios that include its four real estate funds and a significant number of separate account investments.
The investment strategies it pursues serve the individual requirements of its investors, and range from core to opportunistic across the office, residential, hotel and retail sectors. The investment spectrum comprises investments in single assets and portfolios through to distressed debt and investments in real estate operating companies.
About Brickblock Limited
Brickblock is a technical service provider that allows for real estate investments to be transacted via smart contracts on the blockchain. The company has offices in Berlin and Gibraltar and secured a €5 million institutional Series A investment from Finch Capital in May 2018.