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Proptech firm Bricklane doubles size of portfolio by buying 74 rental homes

Written by CRETech | Feb 26, 2020 8:00:31 PM

Proptech investment platform Bricklane has more than doubled the size of its portfolio with the acquisition of 74 rental properties worth a combined £13.6m. The platform, which allows the public to invest in property portfolios for a little as £100, acquired the units from the British Residential Unit Trust in a cash and shares transaction. The units are spread across four buildings in Manchester and Birmingham, and are 93% leased. They were acquired on behalf of Bricklane’s Regional Capitals REIT, increasing the fund’s portfolio to 127 properties. It now has £23.6m worth of assets under management.