Real estate financial advisory
SHIFT CAPITAL advises SCPI PFO on the financing of an €83 million 31,000 sqm office portfolio. This portfolio presents four assets- one in Essen, Germany, and the other three in Utrecht (2) and Amersfoort (1) in the Netherlands
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.
Banks with fewer resources to allocate to real estate financing will favour a risk / return ratio that is more advantageous for them. They will go much more readily towards core / core + segments rather than value-add operations, says Damien Giguet.
SHIFT CAPITAL assisted an investor in the sale of an asset of more than 13,000 m² located in the 13th arrondissement of Paris.
SHIFT CAPITAL advised Perial Euro Carbone on the financing of a 4200m2 office building in Brussels, supporting the SCI during the marketing phase and during negotiations. SHIFT CAPITAL coordinated all the stakeholders during the transaction, which amounts to € 20M.
