{"id":2318,"date":"2022-10-08T09:34:51","date_gmt":"2022-10-08T09:34:51","guid":{"rendered":"https:\/\/vasilj.eu\/?page_id=2318"},"modified":"2025-12-08T19:28:30","modified_gmt":"2025-12-08T19:28:30","slug":"impact-social-housing","status":"publish","type":"page","link":"https:\/\/vasilj.eu\/?page_id=2318","title":{"rendered":"Impact Social Housing"},"content":{"rendered":"<h1>Luxembourg Real Estate Professional<br \/>Bond with an Social Impact Purpose<\/h1>\n<h1>&#8220;Impact Social Bond&#8221;<br \/>(Covered bond)<\/h1>\n<div>\n<h1>Executive Summary<\/h1>\n<p>Investment of 40m\u20ac in a (Social Impact) Bond (as a Ltd. partner)<\/p>\n<ul>\n<li>Maturity 30 years<\/li>\n<li>Coupon of 6% per year (revenues guaranteed by the French State)<\/li>\n<li>ISIN number<\/li>\n<li>Sustainable development performance<\/li>\n<li>Real Estate Underlying Assets and French State Guarantee<\/li>\n<li>Revenues (i.e. Coupon payment) guaranteed by the French state<\/li>\n<\/ul>\n<p>Exit possible at year 5<\/p>\n<h1>Strategy<\/h1>\n<p>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:<\/p>\n<ul>\n<li>rents and rental vacancies<\/li>\n<li>renovation of the accommodation in the event of deterioration via a state guarantee<\/li>\n<li>outsourced management and tenant relationship to local associations approved and supported by the Prefectures<\/li>\n<\/ul>\n<ul><\/ul>\n<p><em>Please note that the availability of social housing allows municipalities to comply with the SRU law<\/em><\/p>\n<p>Renovation (if needed) to achieve the two highest levels of the DPE (Diagnostic de Performance Energ\u00e9tique) scale, reflecting the thermal (and acoustic) quality of these homes<\/p>\n<p>Aiming to acquire and renovate approximately 90,000m\u00b2 of housing<\/p>\n<p>Capital deployment between 1 and 3 years<\/p>\n<h1>Impact<\/h1>\n<p>Approximately 2,000 social housing units will be created. These buildings will allow:<\/p>\n<ul>\n<li>to house around 6,000 people in decent conditions<\/li>\n<li>in high energy performance flats (level A or B) limiting the impact of energy costs for their occupants<\/li>\n<li>adapted to mobility problems (old age, disabled, etc.)<\/li>\n<li>designed to promote social integration<\/li>\n<li>environmentally friendly<\/li>\n<\/ul>\n<h1>Team<\/h1>\n<h3>Franck P\u00c9TAIN<\/h3>\n<p>French national, studied Mathematics at the <a href=\"https:\/\/en.wikipedia.org\/wiki\/University_of_Nice_Sophia_Antipolis\" target=\"_blank\" rel=\"noopener\">University of Nice-Sophia-Antipolis <\/a>(Mathematic Science Advanced Degree) before he graduated from the <a href=\"https:\/\/en.wikipedia.org\/wiki\/EDHEC_Business_School\" target=\"_blank\" rel=\"noopener\">EDHEC business school <\/a>and earned an <a href=\"https:\/\/en.wikipedia.org\/wiki\/INSEAD\" target=\"_blank\" rel=\"noopener\">MBA from INSEAD<\/a>. Franck is the heir of a long Real Estate family tradition established in 1984 by his late father in Nice on the Riviera Coast.<br \/>He has worked more than 20 years with start-ups and as a <a href=\"http:\/\/www.euruscapital.com\/index.php?lan=en\" target=\"_blank\" rel=\"noopener\">financial consultant <\/a>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 <a href=\"https:\/\/entreprises.lefigaro.fr\/viagers-mutualises-gestion-sas-83\/entreprise-810962936\" target=\"_blank\" rel=\"noopener\">Real Estate Investment Fund<\/a> in Reverse Mortgage (<em>Fonds Viager<\/em>). He then designed an innovative model in this area to leverage on potential building rights on top of the \u201cclassical\u201d reverse mortgage.<\/p>\n<h3>Nicolas VASILJ<\/h3>\n<p>French national, holds an <a href=\"https:\/\/en.wikipedia.org\/wiki\/%C3%89cole_sup%C3%A9rieure_des_sciences_commerciales_d%27Angers\" target=\"_blank\" rel=\"noopener\">ESSCA <\/a>Master II degree in East-West International Relations, and an MBA from <a href=\"https:\/\/en.wikipedia.org\/wiki\/Lincoln_University_(California)\" target=\"_blank\" rel=\"noopener\">Lincoln University<\/a>. Nicolas has more than 20 years\u2019 experience in assembling complex financial solutions on Emerging markets \u2013 including via direct investment and structured finance.<br \/>Formerly with <a href=\"https:\/\/en.wikipedia.org\/wiki\/Julius_Baer_Group\" target=\"_blank\" rel=\"noopener\">Bank Julius Baer<\/a> in Geneva, he created a multifamily office for one of his clients and chaired several companies in Switzerland and abroad.<br \/>As an international consultant, he published <a href=\"https:\/\/nbj-ru.translate.goog\/publs\/kak-sdelat-problemnyi-aktiv-doxodnym\/32137\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\" target=\"_blank\" rel=\"noopener\">an article on the management of non-profiled assets<\/a> in the National Banking Journal, a publication of the <a href=\"https:\/\/nbj-ru.translate.goog\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\" target=\"_blank\" rel=\"noopener\">Association of Russian Banks<\/a>. (ARB)<\/p>\n<\/div>\n<div>\n<style>\n.uk-navbar-nav {display:none;}\n<\/style>\n<\/div>\n<p><!--more--><br \/>\n<!-- {\"type\":\"layout\",\"children\":[{\"type\":\"section\",\"props\":{\"style\":\"default\",\"width\":\"default\",\"vertical_align\":\"middle\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"title_breakpoint\":\"xl\",\"image_position\":\"center-center\",\"image\":\"wp-content\\\/uploads\\\/andrei-koscina-Syxjd6sKMD4-unsplash.jpg\",\"image_size\":\"cover\",\"padding\":\"large\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"headline\",\"props\":{\"title_element\":\"h1\",\"content\":\"Luxembourg Real Estate Professional<br \\\/>Bond with an Social Impact Purpose\",\"title_style\":\"heading-small\",\"title_color\":\"muted\",\"text_align\":\"center\"}},{\"type\":\"headline\",\"props\":{\"title_element\":\"h1\",\"content\":\"\\\"Impact Social Bond\\\"<br \\\/>(Covered bond)\",\"title_color\":\"muted\",\"title_style\":\"h1\",\"text_align\":\"center\",\"margin_remove_top\":true}}]}]}]},{\"type\":\"section\",\"props\":{\"style\":\"default\",\"width\":\"small\",\"vertical_align\":\"middle\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"title_breakpoint\":\"xl\",\"image_position\":\"center-center\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"text\",\"props\":{\"margin\":\"default\",\"column_breakpoint\":\"m\",\"content\":\"\n\n<h1>Executive Summary<\\\/h1>\\n\n\n<p>Investment of 40m\\u20ac in a (Social Impact) Bond (as a Ltd. partner)<\\\/p>\\n\n\n<ul>\\n\n\n<li>Maturity 30 years<\\\/li>\\n\n\n<li>Coupon of 6% per year (revenues guaranteed by the French State)<\\\/li>\\n\n\n<li>ISIN number<\\\/li>\\n\n\n<li>Sustainable development performance<\\\/li>\\n\n\n<li>Real Estate Underlying Assets and French State Guarantee<\\\/li>\\n\n\n<li>Revenues (i.e. Coupon payment) guaranteed by the French state<\\\/li>\\n<\\\/ul>\\n\n\n<p>Exit possible at year 5<\\\/p>\\n\n\n<h1>Strategy<\\\/h1>\\n\n\n<p>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:<\\\/p>\\n\n\n<ul>\\n\n\n<li>rents and rental vacancies<\\\/li>\\n\n\n<li>renovation of the accommodation in the event of deterioration via a state guarantee<\\\/li>\\n\n\n<li>outsourced management and tenant relationship to local associations approved and supported by the Prefectures<\\\/li>\\n<\\\/ul>\\n\n\n<ul><\\\/ul>\\n\n\n<p><em>Please note that the availability of social housing allows municipalities to comply with the SRU law<\\\/em><\\\/p>\\n\n\n<p>Renovation (if needed) to achieve the two highest levels of the DPE (Diagnostic de Performance Energ\\u00e9tique) scale, reflecting the thermal (and acoustic) quality of these homes<\\\/p>\\n\n\n<p>Aiming to acquire and renovate approximately 90,000m\\u00b2 of housing<\\\/p>\\n\n\n<p>Capital deployment between 1 and 3 years<\\\/p>\\n\n\n<h1>Impact<\\\/h1>\\n\n\n<p>Approximately 2,000 social housing units will be created. These buildings will allow:<\\\/p>\\n\n\n<ul>\\n\n\n<li>to house around 6,000 people in decent conditions<\\\/li>\\n\n\n<li>in high energy performance flats (level A or B) limiting the impact of energy costs for their occupants<\\\/li>\\n\n\n<li>adapted to mobility problems (old age, disabled, etc.)<\\\/li>\\n\n\n<li>designed to promote social integration<\\\/li>\\n\n\n<li>environmentally friendly<\\\/li>\\n<\\\/ul>\\n\n\n<h1>Team<\\\/h1>\\n\n\n<h3>Franck P\\u00c9TAIN<\\\/h3>\\n\n\n<p>French national, studied Mathematics at the <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/University_of_Nice_Sophia_Antipolis\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">University of Nice-Sophia-Antipolis <\\\/a>(Mathematic Science Advanced Degree) before he graduated from the <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/EDHEC_Business_School\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">EDHEC business school <\\\/a>and earned an <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/INSEAD\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">MBA from INSEAD<\\\/a>. Franck is the heir of a long Real Estate family tradition established in 1984 by his late father in Nice on the Riviera Coast.<br \\\/>He has worked more than 20 years with start-ups and as a <a href=\\\"http:\\\/\\\/www.euruscapital.com\\\/index.php?lan=en\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">financial consultant <\\\/a>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 <a href=\\\"https:\\\/\\\/entreprises.lefigaro.fr\\\/viagers-mutualises-gestion-sas-83\\\/entreprise-810962936\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Real Estate Investment Fund<\\\/a> in Reverse Mortgage (<em>Fonds Viager<\\\/em>). He then designed an innovative model in this area to leverage on potential building rights on top of the \\u201cclassical\\u201d reverse mortgage.<\\\/p>\\n\n\n<h3>Nicolas VASILJ<\\\/h3>\\n\n\n<p>French national, holds an <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/%C3%89cole_sup%C3%A9rieure_des_sciences_commerciales_d%27Angers\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">ESSCA <\\\/a>Master II degree in East-West International Relations, and an MBA from <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Lincoln_University_(California)\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Lincoln University<\\\/a>. Nicolas has more than 20 years\\u2019 experience in assembling complex financial solutions on Emerging markets \\u2013 including via direct investment and structured finance.<br \\\/>Formerly with <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Julius_Baer_Group\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Bank Julius Baer<\\\/a> in Geneva, he created a multifamily office for one of his clients and chaired several companies in Switzerland and abroad.<br \\\/>As an international consultant, he published <a href=\\\"https:\\\/\\\/nbj-ru.translate.goog\\\/publs\\\/kak-sdelat-problemnyi-aktiv-doxodnym\\\/32137\\\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">an article on the management of non-profiled assets<\\\/a> in the National Banking Journal, a publication of the <a href=\\\"https:\\\/\\\/nbj-ru.translate.goog\\\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Association of Russian Banks<\\\/a>. (ARB)<\\\/p>\"}}]}]},{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"html\",\"props\":{\"content\":\"\n\n<style>\\n.uk-navbar-nav {display:none;}\\n<\\\/style>\"}}]}]}]}],\"version\":\"3.0.4\"} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxembourg Real Estate ProfessionalBond with an Social Impact Purpose &#8220;Impact Social Bond&#8221;(Covered bond) Executive Summary Investment of 40m\u20ac 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2318","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vasilj.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2318"}],"version-history":[{"count":53,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2318\/revisions"}],"predecessor-version":[{"id":2449,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2318\/revisions\/2449"}],"wp:attachment":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}