SUMMARY
Team
- Fondateur CEO = Cedric O’Neil
- Fondateur CTO = Nebojsa Stovanovic
Bricks, established in early 2021, initially provided access to real estate investments through royalty-based contracts. This approach continued until late 2022, but by mid-2023, the company shifted to a bond contract model. This change followed a cautionary notice from the AMF (France’s Financial Markets Authority), which highlighted issues in the sector. Although the notice did not directly name Bricks, it was apparent that Bricks, as a leader in this new royalty-based real estate model, was a key focus.
In this updated structure, Bricks now acts as a financial intermediary rather than holding ownership of projects. Its role is primarily to connect:
- Project initiators who bring forward real estate ventures;
- And investors who seek to fund them.
With this shift, Bricks has positioned itself as a real estate crowdfunding platform, backing both short-term property transactions and longer-term rental investments.
This transition to a crowdfunding model seems better aligned with Bricks’ capabilities. That said, the company still faces obstacles in project selection and presentation. Currently, I do not consider Bricks to be among the top-tier real estate crowdfunding platforms.
Given Bricks’ history, a cautious approach is advisable until the company builds a more reliable track record. Past challenges make it difficult to place full confidence in Bricks at this stage.
Pros
- Small entry buy in 10E
- New way obligations system which is well structured
- A project supported by the AMF
- A good and big community which enables Bricks striking force
- You can plan your investment from your personal space and don’t have to be in front of your pc at a set time
- Better revenue then their old royalty’s system
Cons
- The old royaltys system really left a massive black mark on the whole of the company
- It will take a long time before people look over that
- You do not actually own a part of property so there is many risk:
– Loss of capital
– Loss of revenue - Performance stats are not public