News and Announcements
Bricklet Series A Opens After Almost $9m Sales In First Quater
- Published March 20, 2020 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
BRICKLET, Australia’s only property fragmentation platform, has officially opened its Series A Funding Round as it looks to capitalise on a successful first quarter.
BRICKLET sold almost $9 million worth of bricklets in its first quarter of 2020, including 259 bricklets in development project Roxy Muse – an over 55s seven-unit apartment block development set to be complete by December 2021.
BRICKLET is aiming to raise $3 million in this latest funding round. Mirvac and Stockland are currently leading the round, with over $1 million already committed. BRICKLET is looking to raise funds to take advantage of an untapped $375bn fragmented property market.
BRICKLET’s current markets are SMSFs and the sophisticated investment community, a market worth over $75 billion. BRICKLET’s next phase is addressing the $300 billion consumer investment market, following the approval of its retail investment licence.
BRICKLET launched in December 2019, to help more people access the property market and the investment opportunities that come with it. It achieves this by fragmenting the Torrens Title into individual, affordable bricklets (fragments). Bricklet owners are a registered owner of that fragment on title and receive all the benefits that come with owning an investment property – such as rental and capital yields.
BRICKLET’s Deal Room for Series A is now open on CRIISP. To find out more information, click here.
About Bricklet
Fragmentation is the new way to invest in property. A property can be split into ‘bricklets’ and then each bricklet is sold individually. Giving investors the opportunity to own a proportion of the property, at a fraction of the cost.
BRICKLET is the world’s only property exchange, providing a market for tradable fragments of real estate. It provides a full suite of services including listings, trading, clearing, settlement, technical and information services, and other post-trade services.
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