Bricklet review: Bricklet, an Adelaide-based pro-ptech platform, has recently received strategic investment in its fractional investment platform from Stockland (8 percent equity stake) and Mirvac (5.6 percent equity stake). Bricklet is designed for sophisticated investors, who can buy a “Bricklet” in a building. Bricklet is structured so that property investors are registered against their title (having direct ownership) as opposed to the Unit Trust structure (Passive Properties) used by BrickX and others, as opposed to other fractional investment platforms (like BrickX).
Another significant difference is that Bricklets is aimed at sophisticated investors, with a price tag of around $30,000, as opposed to BrickX, which has a price tag of around $70.
Bricklet began with six apartments on Sydney’s Northern Beaches, with plans to expand to 150 properties through an Initial Bricklet Offering (IBO). The platform will also include a marketplace where property investors can trade Bricklets.