Real estate investment platform BrickVest has been authorised by the Autorité des Marchés Financiers (AMF), the French financial regulator, to carry out operations from Nice.
The firm has also been given permission to have additional offices in Paris and Berlin.
BrickVest will be able to operate as an alternative investment fund manager (AIFM) with pan-European passporting, as well as continue to serve its UK clients as it already has a licence in the country.
This means it will be able to provide real estate investment management and liquidity services to European customers after Brexit.
People moves
Additionally, Remi Antonini has been promoted to managing director of BrickVest Europe. He was previously the firm’s head of funds.
“We are delighted to have secured a full scope AIMF license from the AMF well ahead of Brexit,” said Emmanuel Lumineau, chief executive of BrickVest.
“We now have two AIFM licenses – one in the UK and one within the EU-27 – which puts us in the best position to offer our clients a comprehensive service, whatever form Brexit takes.
“The decision to choose Nice for our new Eurozone head office underlines the French Riviera’s growing reputation as a leading tech hub attracting a pool of international investment and technology professionals with strong connections to the European market.
“This license is a new step in our growth strategy as France has one of the largest and most exciting European real estate markets. We are looking forward to making the most of the opportunities this brings to our growing number of deal sponsors, investor base and technology ecosystem.”
