Paris 20th: a final investment for the OPPCI Immobilier Impact Investing
Swiss Life Asset Managers France acquired a residential asset located in the 20e arrondissement of Paris, on behalf of the OPPCI Immobilier Impact Investing, with developers Sogeprom and Envy. This is the latest acquisition for the social component of this fund created in 2019 in partnership with Cedrus & Partners, after those carried out in Saint-Jacques-de-la-Lande and Villeurbanne; assets finally made available to Habitat and Humanism. The Parisian building (15 new housing units, three raw floors) will be made available to the Samu social Paris in the summer of 2023 to the symbolic euro for a period of ten years. It will house 57 people in vulnerable situations for a temporary period.
Conceived by A+A Architects, the latest project to date proposes a neighborhood architecture fitting “delicately into the existing urban fabric”, is explained in a press release. It combines the rehabilitation of an existing residential building in R+3 and the creation of two residential buildings in Vefa. The properties have a total of nearly 1,000 m² of living space and more than 150 m² of terraces and individual gardens. Upon delivery, the building complex will comply with the RT 2012 -20%.
“After several years of work, we are proud that our Real Estate Impact Investing fund, which was the first impact real estate fund, is realizing its ambitions in favor of social housing”, declares Loic Longchampt, fund manager at Swiss Life Asset Managers France. “We are convinced that ten years of free availability of these buildings located in tense areas will make it possible to reintegrate these populations thanks to the support measures deployed by the partner associations and in particular the Samu social de Paris for this asset” indicates on the other hand Sebastien Rocapartner at Cedrus & Partners.