Brickowner Avis 61

Avoid. Avoid. Avoid. If you think about investing forget about it. Poor due diligence of the projects. Majority of the projects delayed, with many losing whole capital or minimal returns. Not worth the risk. Avoid.

I would give zero stars if possible.
Brickowner managed to 'sell' me a project to invest into building apartments - when property is in short supply.
Cut a story short, project 5 years late, with a 100% loss of funds.
No explanations, just excuses - have taken the matter to the FCA.

Invested in Canynge Sq.
Initial Exit Date :2019
Predicted Exit date 2024.
Initial Projected Return:24%
Predicted Return:-8%

5 years late and -32% return later here is my reflection.

I mean I accept there are risk to investing but this level of delay and under performance is pure mismanagement and irresponsible marketing.

1.What are parameters used to calculate exit date and return? I would like to see those numbers?

2.The company missed many opportunities to sell e.g. during COVID when stamp duty had been removed.

It is very high risk investment. What is strange in such a profitable market - Real Estate. When property prices are rising everywhere in Europe, all my investments here gave me a 100% loss.
For example property prices on the Spain coast in the same period increased by 40%.

My personal advice Do Not Make The Mistake I did. Do not invest. You will probably lose money. I have come to the conclusion the site is likely a sophisticated scam way of making money for a set number of people. Don't be fooled by the facade and the healthy figures or past history presented to you. Projections based on my experience are completely inaccurate... you are likely to then be told a year later there is a delay, then another 2 years later another delay... And a loss then different things and slowly you will see the money you invested dwindling to negative returns. Am now expecting nothing back not even my original investment. Someone is making money from this site and I can assure you it is not me and it likely will not be you.

Stay away from Brickowner

Had £25k invested, Regent House Project projected return approx 35%+ over the period invested - around 1 year, due to mature 2019.
I don't get it how they Coyne group running in the loss and still trying to sell the units and no ETA yet, I have been told I already lost 75% of investment and this could be zero in near future.
Because 6 months ago I have been told I am losing 7% of my investment then how come in 6 months this went to 75% or even 100% something fishy. Will take a legal action against these kinds of crowd fundings companies.

I would not recommend this company to anyone making any investments into the property market.

Brickowner not giving clear picture and want to keep all the funds with them

I have been with Brickowner for 15 months to date and been incredibly impressed with the level of communication, detailed information on investments and clarity of the offers. I also feel confident that they carry out thorough due diligence and have their investors best interests at the heart of all they do. The platform provides an excellent opportunity to spread investments across multiple projects and is evolving to cover different markets.
I would recommend Brickowner to anyone wanting a fully managed property investment platform.

Be careful if you plan to invest money here.

Since 2018, I haven't received any of the invested projects returned. It feels now like a Ponzi scheme: closer to the delivery time, a project's expected delivery date moves further and further. Now, I have been notified that one of the 1-year projects invested in 2018 has failed and all money was lost.

Don't get me wrong. I understand the risks. But it's hard to believe that it is normal for property investments to have all 5 projects with expected delivery in 1-2 years to be delayed for 3-4 years by now already.

I am eagerly awaiting the next projected exists in 2023 and 2024, to see if they'd be extended again or closed with full money lost.

I have been investing through the Brickowner platform for about a year and have found it very straightforward and the whole process is transparent. It has given me a way to have diversified investments in property without all the hassle usually involved.
I have met several of the team who are all committed and passionate about what they are doing and Adam has been great at keeping in touch with updates and new opportunities. Property investment is never completely straightforward especially over the last couple of years but the Brickowner platform does make things as straightforward as possible.

The platform was recently updated and when doing so they changed my bank account details to someone else's bank details. So when I tried to withdraw my money I almost lost it!

I contacted support over 3 weeks ago and still cannot access my money. I've sent everything they asked for and still not enough...always finding excuses to fix it, or ignoring my emails completely.

As most of their projects are delayed or stuck, it looks like they want to keep all the funds.

Communication has been spot on and after a few twists and turns thanks to covid my investments with them are on track.

I used to have HMOs but sold up 5 years ago and started investing on property investment platforms. In my experience Brickowner are one of the best out there.

Property can be tricky and things often don’t go to plan. Covid hasn’t helped but Brickowner are prepared to get stuck in the face of problems… whilst things haven’t gone to plan they are on track for me.

I’ve been investing for over 2 years with Brickowner. I have trust in the company and their communication has been good. There is room for improvement but they are open to working with investors. I have just moved into their Cornerstone club and attended an event with them in December. I got to meet the team and my impression was they are extremely knowledgeable and trustworthy. I would definitely recommend.

I invested in one of brickowners property 2 years ago, quite disappointed to learn that the project is delayed by more than 2 years now. Worst part brickowners told that my investment is stuck and they cant do anything than staying invested or lose all interest gained in last 2 years. They have a secondary market where you can sell your portion and get only principle amount back (meaning lose interest earned in last 2 years) but that is subject to someone buying your portion. Hence, making this option difficult to exercise.

After speaking with a dozen other investors, they are facing same issues with Brickowners and are stuck with them just like me.

Would recommend to stay away from this company and don't invest with them as they have no idea what they are doing with investors money. Hope this can be raised with any regulator to get the invested money back.

Brickowner is a great concept with a user friendly platform and an excellent team behind it. It's been an easy way for me to include property within my portfolio without having the hassle and capital requirements of actually buying property!

With the pandemic, it's been a challenging period that has undoubtedly had an impact on the investments. However that is understandable and the team's communication has been both informative and timely.

I have invested three times through Brickowner and the experiences led me to invest in the Company itself. They operate straightforward, efficient but rigorous processes. The team are an approachable and their focus on due diligence and compliance was what I wanted in a provider.

Excellent business model for hands off investment into the property development sector. Efficient management team with a very good due diligence process for all projects they approve for their platform. Great returns for the risk profile and still delivering successful results even through the Lockdown period despite some delays which have occurred across the entire sector of course.

I echo the last reviewers comments. This platform has proved to be an efficient and simple way for us to build a portfolio of property investments. The platform strengths convinced me to invest in the company too.

Excellent customer service, always available to provide information on existing investments as well as upcoming opportunities. And if the investment is not running so smoothly, Brickowner have the skills and experience to get the deal done and make it happen.

straight forward platform, good communication, easy to understand information