SHIFT CAPITAL Barometer | Q3 2022
European real estate debt market barometer | Q3 2022
Real estate financial advisory
A year after its acquisition, the Belgian listed company Atenor signed its first green loan in France: Banque Populaire Rives de Paris granted them €45 million over five years.
SHIFT CAPITAL advises OSESAM and ALVARIUM INVESTMENT for the financing of a tertiary redevelopment project located 49 rue Servan in the 11th arrondissement of Paris. The project will restructure four aging buildings into a high-standard office building which will total 3,380 sqm.
French real estate lending is dominated by a handful of large domestic banks, which have responded to the market’s cautious tone. Since the onset of the pandemic their willingness to lend has been highly dependent on the type of asset and associated risk, says Damien Giguet.
The banks' main focus is always on their existing clients and their portfolios, making it relatively complicated to finance new, riskier operations, confides Damien Giguet, founder and CEO of Shift Capital. The good news is that a plethora of alternative funders is emerging, which in turn address the various categories of risk.