Alvarium launches investment platform in France
Alvarium Investments has teamed up with asset manager Osesam to launch a platform to invest $100m (£79m) a year in France.
It will commit between $5m to $50m per deal, alongside co-investment from private and institutional clients, targeting mainly residential assets valued up to $200m.
The joint venture will also include some office investment, with assets managed by Osesam’s operating platform.
Alvarium Investments has teamed up with asset manager Osesam to launch a platform to invest $100m (£79m) a year in France.
It will commit between $5m to $50m per deal, alongside co-investment from private and institutional clients, targeting mainly residential assets valued up to $200m.
The joint venture will also include some office investment, with assets managed by Osesam’s operating platform.
Osesam’s investment strategy has to date focused on development of offices, retail, residential and hotels in Paris and other major cities in France.
Alvarium entered the French market in 2019 and has 20 employees based in Paris. The firm is rapidly expanding its investments in real estate. To date, it has invested $4bn of equity via its direct real asset co-investment programme, representing around half of its global investment.
The firm operates across Europe, the Americas and Asia Pacific, and recently expanded its UK portfolio with Home REIT, the first listed REIT dedicated to providing accommodation to the homeless.
Jonathan Elkington, partner and chief operating officer of real estate co-investment at Alvarium, said: “Our move into this strong, liquid market is client-led. We have seen good opportunities in the French real estate market for several years and now, with the right partnership in place, we are in a strong position to realise that potential and provide our international client base with an expanded range of high-quality investment opportunities.”
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Image © Alvarium
