Brickowner is launching a brand new residential property fund which will likely be ISA and self-invested private pension (SIPP) eligible as soon as it completes the itemizing course of.
The actual property funding belief (REIT) – generally known as Brickowner REIT – will listing on The Worldwide Inventory Trade (TISE).
“This addition represents a giant step ahead in increasing funding alternatives for our valued customers,” mentioned the property funding platform. “Traders will make investments and promote their shares in Brickowner REIT by means of the brickowner.com web site.”
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The agency mentioned that it will likely be capable of settle for investments by means of ISAs and SIPPs as soon as it’s listed on TISE. It’s hoping to have the itemizing course of accomplished by Spring 2024.
“This implies larger flexibility and accessibility for our traders, offering them with much more alternatives to discover inside our progressive platform,” Brickowner mentioned.
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The agency added that the brand new REIT construction affords enhanced diversification alternatives for traders.
“This improvement opens up new prospects, permitting traders to unfold their investments throughout a broader vary of belongings,” it mentioned.
Earlier this yr, Brickowner raised its minimal funding threshold from £500 to £1,000 resulting from “modifications to the regulatory atmosphere”.
Tighter rules have elevated the price of onboarding new traders, main numerous platforms to comply with swimsuit.