Brickbro looking to close 5th property investment in Barcelona

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The digital real estate investment platform, Brickbro, expects to close its fifth operating loan operation, which expects to raise 109,000 euros that will be used to buy, rehabilitate and market a new loft in the district of Les Corts de Sarrià, Barcelona, in less than 24 hours.

The more than 2,000 users registered in the platform can attend this operation with an investment of 50 euros, Brickbro said in a press release in which the company also indicated that it expects to offer a return of more than 10% in eleven months

As reported by the company, the building that constitutes the operation is a commercial space with an area of ​​44 square meters that has recently been used as an office and is located on Morales Street, one of the neighborhoods with the highest income per capita, in Barcelona, ​​very close to the Fransesc Macià tram stop and the L'illa Diagonal shopping center.

If the acquisition of the premises is achieved, Brickbro would begin its fifth operation after the ones carried out between November 2018 and January 2019, among which, as the most recent participative investment to buy a space and convert it into a loft in the Clos de Sant Francesc street 2, in the old town of Sarrià.

Brickbro aims to undertake 15 more operations in 2019

In addition to this operation, the company founded by Guillermo Preckler and Carolina Santa Cruz in 2018, and which already employs 10 people, aims to undertake 15 real estate crowdfunding operations throughout 2019, as well as undertake a total of 50 projects at the end of the year.

The activity of the platform consists of buying offices, premises and mezzanines to convert them into lofts through a reform that revalues ​​the property for sale, which according to the thin counselor of the company Guillermo Preckler, constitutes "a solid model" that allows "offering access to real estate in Barcelona at prices well below the market ".

In this way, Brickbro is committed to "finding innovative projects with high global impact to change the prevailing real estate crowdfunding model in Spain".

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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