Brickowner launches residential property fund

Brickowner is launching a new residential property fund which will be ISA and self-invested personal pension (SIPP) eligible once it completes the listing process.

The real estate investment trust (REIT) – known as Brickowner REIT – intends to list on The International Stock Exchange (TISE).

“This addition represents a big step forward in expanding investment opportunities for our valued users,” said the property investment platform. “Investors will invest and sell their shares in Brickowner REIT through the brickowner.com website.”

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The firm said that it will be able to accept investments through ISAs and SIPPs once it is listed on TISE. It is hoping to have the listing process completed by Spring 2024.

“This means greater flexibility and accessibility for our investors, providing them with even more opportunities to explore within our innovative platform,” Brickowner said.

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The firm added that the new REIT structure offers enhanced diversification opportunities for investors.

“This development opens up new possibilities, allowing investors to spread their investments across a broader range of assets,” it said.

Earlier this year, Brickowner raised its minimum investment threshold from £500 to £1,000 due to “changes to the regulatory environment”.

Tighter regulations have increased the cost of onboarding new investors, leading a number of platforms to follow suit.