Shift Capital advises Osesam and Alvarium on the acquisition of 49 Servan in the 11th arrondissement of Paris

SHIFT CAPTIAL is advising OSESAM and ALVARIUM for the financing of a tertiary redevelopment project located at 49 rue Servan (Paris XI). The project will allow the restructuring of a group of four buildings into a high standing office building totalling 3,500 sqm.

ALVARIUM, a family office with over $22 billion in assets under management worldwide, has joined forces in 2020 with OSESAM, a Parisian operating partner founded by former executives of L Real Estate (Groupe Arnault - LVMH), to create a joint venture. The platform aims to deploy €100m per year in value-add and opportunistic real estate transactions in the Île de France and major French cities. Its investment strategy focuses on the development and redevelopment of commercial and residential assets, with a strong emphasis on quality, sustainability and innovation.

Shift Capital advised OSESAM on the structuring and raising of the financing corresponding to an LTC ratio of approximately 55% from an international bank. Shift Capital accompanied the joint venture throughout the entire fundraising process, from sourcing and obtaining the credit offer (before obtaining PC) to closing.