Atland creates new real estate private debt business
French real estate investment manger Atland has created a new private debt business in response to investor demand.
The new business – called Aedgis – will offer financing solutions to developers and investors in real estate. The firm said that it plans to launch a real estate private debt fund soon. This fund will target projects with a value of between €5m (£4.17m) and €25m, and will prioritise the energy transition of buildings and the revitalisation of city centres.
Alexia Picot has been hired as managing director and financial manager of Aedgis. She was previously investment director at Sienna Investment Managers, and a financial auditor at PwC.
Read more: Heitman closes third real estate debt fund with $800m
“Private capital has a key role to play in financing operators and companies to support their investment and innovation capacity in their real estate,” said Picot.
“Aedgis is ideally positioned, with the private debt expertise of its management team coupled with the real estate know-how of the Atland group teams.
“By intervening at the right time in the market cycle, investors have the opportunity to participate in a major transformation movement in the sector.”
Read more: Castlelake and Niam Credit to provide €1bn for Scandinavian RE market
“With Aedgis, we are structuring a private debt platform capable of meeting the new challenges of the real estate and infrastructure asset financing market,” added Antoine Onfray, deputy chief executive of Atland.
“This initiative is part of Atland’s strategy to offer a complete range of investment solutions that meet the different risk-return profiles of our investor clients.
“With the group’s recognised expertise, we are affirming with Aedgis and a first upcoming fund, our ambition for growth in asset management in Europe.”
Read more: Faes & Co gets OakNorth funding for US bridge finance business
