Anaxago partners with Groupe Babel to offer a new investment opportunity in the co-living sector in Grenoble, showcasing a structured financing approach and promising returns.

Information on the Target

The Groupe Babel has established itself as a compelling player in the co-living sector, blending investment, development, and operational management under one roof. With a successful track record of prior projects in Saint-Ferréol, Montpellier, and Grenoble funded through Anaxago, the group is now advancing with its second phase in the Grenoble operation. Following a capital increase of €41 million in 2024, Groupe Babel currently manages 764 apartments with the ambitious goal of expanding to 2,500 units by 2028.

The current funding opportunity is specifically directed towards a Grenoble asset developed in partnership with the Caisse des Dépôts, situated on Rue Maurice Gignoux. This includes a completed building that is actively operational, along with a second property undergoing rehabilitation, which boasts stunning panoramic views of the city. The strategic plan entails enhancing operational performance, completing construction works, and subsequently engaging in long-term refinancing or institutional sale.

Industry Overview in France

The co-living industry in France has witnessed substantial growth in recent years, driven by increased urbanization, affordability issues, and a shifting preference for communal living spaces, especially among younger generations. This sector has gained traction among institutio