BrickVest, the online real estate investment platform, has announced its first successful exit less than 18 months after it launched its platform. The investment alongside CORESTATE Capital Group, the residential portfolio and commercial real estate markets investment firm, featured a sizeable national German retail portfolio of 23 assets.

European investors who invested in the BrickVest Fund Harvest 1 LLP have achieved returns of 31%, it says, adding that by comparison, the FTSE EPRA/NAREIT Developed Europe Index generated a return of 18% over the same period.

The exit was initially expected to go through in Q4 2020 however the first dividend distribution was made by CORESTATE Capital Group in March this year at around 2% net yield.

Remi Antonini, head of ratings at BrickVest, commented: “Following the successful exit, investors using the BrickVest platform have achieved a superior return from an institutional-quality fund. This attractive absolute return was realised in the context of a controlled risk profile as the fund invested in a diversified and income-producing German retail portfolio with a cautious gearing level.”