Alantra’s Real Estate Debt Fund has provided a Sustainable Bond financing for the repositioning of a prime real estate asset in Paris, now set to operate as a Flex Living residence managed by Sonder.

Target Information

Alantra’s Real Estate Debt Fund has secured financing through a Sustainable Bond for the repositioning of a prime real estate asset situated in the heart of Paris, just 50 meters from the renowned Champs-Élysées. This financing is part of a larger initiative to refurbish and manage the property, which will soon operate as a Flex Living residence under Sonder, a prominent American management company in the sector.

The building's repositioning aims to achieve the BREEAM Excellent certification, reflecting the highest environmental standards. It is owned and managed by Alexandre Bibas and his partners, a coalition of French investors focusing on asset repositioning in Paris under the Delta Reim group, which emphasizes sustainable development and innovation across various high-potential projects.

Industry Overview in France

The real estate market in France, particularly in Paris, has shown resilience even amid economic uncertainties. The demand for innovative housing solutions, such as Flex Living, is on the