This strategic acquisition makes Bricksave the largest global fractional real estate investment platform, with total investments exceeding $350 million.
Bricksave, the leading digital platform offering access to private real estate investments in the United States and Europe, announces that it has reached an agreement to acquire Alte Investments, a leading investment firm based in the United Kingdom, pending approval of the Financial Conduct Authority (FCA). Once this acquisition and its current financing round are completed, Bricksave would reach a valuation of more than $60 million.
This strategic acquisition makes Bricksave the largest global fractional real estate investment platform, with total investments exceeding $350 million. At the same time, the operation boosts its global presence, allowing access to a broader client base and introducing innovative real estate investment products in both the Americas and Europe. The addition of Alte is essential to facilitate the launch and management of a US residential portfolio valued at $100 million.
“We are excited to welcome the Alte Investments team to the Bricksave family,” said Tom de Lucy, CEO of Bricksave. “This acquisition not only strengthens our position in the market, but also enhances our ability to offer diversified and high-yield investment opportunities to our clients. With the combined experience of both companies, we are poised to set new standards in the investment industry. real estate investment”.
Florent Danset, CEO of Alte, also expressed his enthusiasm regarding the operation: “This partnership with Bricksave opens new doors for our clients and reinforces our ability to offer solid cross-border investment opportunities. Bricksave’s reputation and success in the US residential market, combined with our experience in the European real estate sector, complement each other perfectly. “We are excited about the future and the value we can collectively bring to our investors.”
Added to the acquisition of the Colombian fintech Macondo, which took place last year, this announcement gives rise to the union of three platforms that, although they differ in geographical locations and product offerings, share the vision of democratizing access to the real estate sector. The specific knowledge and experience of each company will be shared at the management level, maintaining centralized management of the merged companies but delegating day-to-day responsibilities to each entity.
As a result of the agreement, Latin American investors will benefit from the transfer of best practices in real estate investment, taking advantage of European experience to create long-term value and access profitable investments resistant to market fluctuations in America and Europe. This merger reinforces Bricksave’s credibility by integrating a team with notable institutional experience, increasing trust and attracting more investors from the LatAm region.
Sofía Gancedo, COO and co-founder of Bricksave, adds: “Our mission has always been to democratize access to global real estate investments, and this transaction allows us to take that promise to the next level. By integrating Alte’s institutional expertise with Bricksave’s technological approach, we aim to provide investors with hassle-free access to alternative assets and deliver attractive risk-adjusted returns.”
Bricksave thus becomes the largest pan-Latin-European fractional real estate investment platform, both in terms of markets covered and investments made through the platform, with total investments exceeding $350 million.
Source: Ambito
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