Alantra’s Real Estate Debt Fund closes sustainable financing deal in Paris, signaling commitment to the French market with second investment

• Alantra’s Real Estate Debt Fund has provided a financing in the form of a Sustainable Bond for the repositioning of a real estate asset located in the heart of Paris, 50 meters from the iconic Champs-Élysées.
• This marks the Fund’s 12th transaction and its second investment in France, following the financing of two logistics assets in Paris in 2022.

• Alantra is one of the most active private debt players in the mid-market space in Southern Europe, having deployed more than €2bn across five countries, through four different strategies: Corporate Direct Lending, Flexible Capital Solutions, Real Estate Debt, and Credit Opportunities.

Paris, 2 October 2024 – Alantra, the independent global mid-market financial services firm, is pleased to announce that its Real Estate Debt Fund has provided a financing in the form of a Sustainable Bond for the repositioning of a real estate asset located in the heart of Paris, in rue du Colisée, 50 meters from the iconic Champs-Élysées.

Following a complete repositioning, the property will be managed by Sonder, a leading American operator in the sector, as a Flex Living residence. The building has been designed to meet the highest environmental standards, with the goal of obtaining a BREEAM Excellent certificate.

The property is owned and managed by Alexandre Bibas and his partners, a group of French real estate investors specializing in asset repositioning, primarily in Paris through the Delta Reim group. Delta Reim operates through three dedicated structures: BFP Capital, CLV and Delta IM. The company prioritizes sustainable development and innovation, focusing on high-potential projects across various sectors such as Flex Living, or currently, Educational Real Estate, a promising new segment tested by crisis.

Alantra Private Debt provided a long-term, flexible Sustainable Bond to refinance the existing debt and fund the refurbishment works. This marks the Fund’s 12^th transaction and its second investment in France, following the financing of two logistics assets in Paris in 2022. Alantra was advised by Fairway Avocats, while Delta Reim was advised by Wingate’s Debt Advisory team.

Alexandre Bibas, Founder of Delta Reim and BFP Capital, said: “I thank Alantra for their flexibility in structuring this deal. The Parisian market requires more hybrid and sustainable buildings to meet the growing demand for service-oriented housing.”

Jaime Cano, Partner at Alantra Private Debt, added: “We are pleased to have supported Delta Reim and BFP Capital in this project, which we believe has strong potential given the asset’s prime location and the fundamentals of the Flex living concept in Paris. The financing will also improve the building’s environmental sustainability standards, in line with most of our financing investments. This second investment in France underscores the growing interest in our alternative financing solutions beyond Spain and is another step in the international expansion of our European Private Debt platform.”

Alantra’s Real Estate Debt strategy provides long-term flexible financing solutions to real estate companies across various asset classes in Europe. The first fund has invested in Spain, France, Italy, and Portugal spanning multiple real estate sub sectors, including logistics, hotels, offices, student accommodation, and self-storage.

Alantra is one of the most active private debt players in the mid-market space in Southern Europe, having deployed more than €2bn across five countries. Together with Indigo Capital, an established player in the alternative finance market in which Alantra holds a 49% stake, the platform employs 20 professionals working from offices in Paris, Milan, and Madrid across four different strategies: Corporate Direct Lending, Flexible Capital Solutions, Real Estate Debt, and Credit Opportunities.