Executive Summary

Investment of 40m€ in a (Social Impact) Bond (as a Ltd. partner)

• Maturity 30 years
• Coupon of 6% per year (revenues guaranteed by the French State)
• ISIN number
• Sustainable development performance
• Real Estate Underlying Assets and French State Guarantee
• Revenues (i.e. Coupon payment) guaranteed by the French state

Exit possible at year 5

Strategy

Acquisition of residential properties (buildings) likely to be renovated in tense areas and then rented on a long-term social basis (governed by an organic law). This system secures:

• rents and rental vacancies
• renovation of the accommodation in the event of deterioration via a state guarantee
• outsourced management and tenant relationship to local associations approved and supported by the Prefectures

Please note that the availability of social housing allows municipalities to comply with the SRU law

Renovation (if needed) to achieve the two highest levels of the DPE (Diagnostic de Performance Energétique) scale, reflecting the thermal (and acoustic) quality of these homes

Aiming to acquire and renovate approximately 90,000m² of housing

Capital deployment between 1 and 3 years

Impact

Approximately 2,000 social housing units will be created. These buildings will allow:

• to house around 6,000 people in decent conditions
• in high energy performance flats (level A or B) limiting the impact of energy costs for their occupants
• adapted to mobility problems (old age, disabled, etc.)
• designed to promote social integration
• environmentally friendly

Team

Franck PÉTAIN

French national, studied Mathematics at the University of Nice-Sophia-Antipolis (Mathematic Science Advanced Degree) before he graduated from the EDHEC business school and earned an MBA from INSEAD. Franck is the heir of a long Real Estate family tradition established in 1984 by his late father in Nice on the Riviera Coast.
He has worked more than 20 years with start-ups and as a financial consultant to assist Entrepreneurs in setting up and fund innovative Businesses, most notably in the Real Estate sector. He is one of the inventors and founders of a Real Estate Investment Fund in Reverse Mortgage (Fonds Viager). He then designed an innovative model in this area to leverage on potential building rights on top of the “classical” reverse mortgage.

Nicolas VASILJ

French national, holds an ESSCA Master II degree in East-West International Relations, and an MBA from Lincoln University. Nicolas has more than 20 years’ experience in assembling complex financial solutions on Emerging markets – including via direct investment and structured finance.
Formerly with Bank Julius Baer in Geneva, he created a multifamily office for one of his clients and chaired several companies in Switzerland and abroad.
As an international consultant, he published an article on the management of non-profiled assets in the National Banking Journal, a publication of the Association of Russian Banks. (ARB)