Bricks.co: rental property available from €10

The real estate sector has until now been spared the effects of the digitalisation of the economy.

Bricks.co: rental property available from €10

The real estate sector has until now been spared the effects of the digitalisation of the economy. Many proptechs are now changing the game. Bricks.co aims to become the cornerstone of this movement of funds with a rental property investment solution from just 10 euros.

Buy and resell shares of rental properties with ease

Bricks is an intuitive online platform, offering its members the opportunity to buy and resell shares of rental properties with an annual return of between 10 and 15%. A performance certainly much better than the meager rate of 0.5% of the booklet A, yet the preferred investment of the French.

A classic rental investment requires the acquisition of an apartment or a house for several tens or hundreds of thousands of euros, the possible subscription of a mortgage, the search for a tenant and a good dose of administrative management. . Bricks.co's proposal, on the other hand, is simple and radically different: allow anyone to invest in rental property from 10 euros.

Once his money has been invested on the platform, the investor simply has to wait for the monthly repayment of his rental yields. Bricks.co is responsible for investing in buildings, collecting rents and distributing them to its investors.

The basic principle of Bricks.co is therefore comparable to that of "paper stone", and in particular to the purchase of shares in real estate investment companies (SCPI). However, the new platform is distinguished by its simplicity of operation, the liquidity of the shares and the absence of the very heavy fees charged by SCPIs.

Good to know

Bricks.co is a new player in rental real estate that was born at the beginning of 2021. It was founded by Cédric O'Neill, who was already at the origin of the 1001Pharmacies site eight years ago. The entrepreneur aims to digitize rental property investment and revolutionize the market.

Why is Bricks.co's offering appealing to investors?

Within a few months, the platform earned the trust of more than 40,000 retail investors. It now has assets under management worth more than 10 million euros, made up of 15 apartment buildings.

To support this high organic growth, the Bricks team has grown from 10 to 20 people since the beginning of the year, and intends to strengthen soon to reach 150 employees by the end of 2022. Fundraising from investors institutions would also be imminent.

In fact, the platform brings a major financial innovation, by democratizing access to real estate investment and making it accessible to all. It is in line with the first real estate crowdfunding sites allowing investors to pool their resources to complete a construction project.

Beyond the profitability of the projects financed, the purchase of shares (or "Bricks") has something to appeal to savers put off by the heaviness and constraints of rental real estate, with:

Good to know

Bricks.co has been approved by the Prudential Control and Resolution Authority (ACPR) of the Banque de France. Its investment model has also been validated by the Organization for the Single Register of Intermediaries in Insurance, Banking and Finance (ORIAS).

A selection of rental properties meeting specific criteria

The selection of properties offered on the platform is made with care. Bricks.co uses raised funds only:

These medium-sized cities, in the context of the health crisis, are also experiencing a phenomenon of population displacement from major metropolitan centers, and therefore an increase in demand for housing. "If we can offer our investors this windfall effect, we are delighted", underlines Cédric O'Neill.

How to invest on Bricks.co?

Once a new property is online, any individual can create an account on the platform and acquire a certain number of "Bricks".

A Brick corresponds to a share of the building, and therefore to a share of the rents which will be paid to investors every month, in proportion to the number of shares acquired. Each "brickser" retains the possibility of reselling their shares at any time on an internal market place, at the price of their choice.

Reported profitability of at least 10% per year

Bricks aims to offer an annualized rate of net return of between 10 and 15%. To achieve this, the platform relies in particular on a "triptych of profitability" formalized by Cédric O'Neill:

This financial mechanism makes it possible to achieve significant returns, far from the performance of more traditional savings products.

Given the success of Bricks.co, Cédric O'Neill hopes to raise between 15 and 20 million euros soon. Its objective is to quickly internationalize the platform to quickly offer properties in Portugal, Germany or Spain, in dynamic areas. The year 2022 should therefore be one of strong growth for the young company.

Three key points to remember about Bricks.co:


8

NEXT NEWS