Real estate fund manager Patrizia has acquired a real estate crowdfunding platform that recently went into administration. The German-based company has bought BrickVest, a proptech business that was created in 2014 to enable individuals to participate in institutional-grade real estate deals. BrickVest raised close to £12m (€14.1m) and made a number of real estate deals before going into administration. It is the latest move by Patrizia into the burgeoning proptech sector. Last year, it invested in WiredScore alongside British Land, and in 2018 invested in artificial intelligence company Evana.