This is the final acquisition for this fund, thus concluding the investments in the social part following those made in Saint-Jacques-de-la-Lande and Villeurbanne.

Swiss Life Asset Managers France hereby announces that it has signed a deal to acquire a residential
asset located in the 20th arrondissement of Paris on behalf of the Immobilier Impact Investing OPPCI from developers Sogeprom and Envi. This property will be made available to Samusocial de Paris. It is the final acquisition for the social part of this fund launched in 2019 in partnership with Cedrus & Partners following those made in Saint-Jacques-de-la-Lande and Villeurbanne, which have been placed at the disposal of Habitat et Humanisme.

This property complex comprising 15 new homes and three plots for development is located in the “Campagne à Paris” residential area of the 20th arrondissement of Paris.

It is conveniently located in the immediate vicinity of shops and services and enjoys excellent public transport connections with Porte de Bagnolet metro station on line 3 just 300 metres away.

Designed by A+A Architectes, the project features an architectural style that blends gently with the existing urban fabric. Its style represents a cross between the 1930s houses typical of the neighbourhood and small multi-dwelling buildings.

The project combines the refurbishment of an existing four-storey residential building, the typical architectural style of the “Campagne à Paris” neighbourhood, and the construction of two residential buildings with sale on completion. The properties altogether comprise almost 1000 m2 of living space and more than 150 m2 of terraces and individual gardens.

This property will be placed at the disposal of Samusocial de Paris from the summer of 2023 for the symbolic sum of 1 euro for the duration of ten years. It will offer temporary accommodation for 57 persons living in vulnerable circumstances. The objective is to provide them with support for their social reintegration while at the same time enabling them to experience the benefits of true neighbourhood life in Paris.

“Following several years of work, we are proud that our Immobilier Impact Investing real estate fund, the
first impact real estate fund, has set out its ambitions in favour of social housing,”
says Loïc Lonchampt, fund manager at Swiss Life Asset Managers France.

“We have every confidence that making these properties, which are located in marginalised areas but close to schools, transport facilities and shops, available free of charge for ten years will enable these communities to be reintegrated thanks to supporting measures deployed for this asset by partner associations and in particular Samusocial de Paris,” says Sébastien Roca, associate at Cedrus & Partners.

“Being a responsible and committed developer also means conceiving real estate projects for the benefit of people in vulnerable situations and that meet the expectations of our investors,” explains Ouissam Mokaddem, IDF Residential Director at Sogeprom.

“This model partnership will in a few months’ time allow us to take care of and support homeless families, couples and single women,” says Guillaume Chéruy, Assistant Director at Samusocial de Paris.

At its scheduled completion in July 2023, the property complex will meet the criteria for RT 2012 –20%.

The Immobilier Impact Investing fund

Launched in 2019, the Immobilier Impact Investing OPPCI is the first impact real estate fund. Its objective is to rehouse needy people via our two partners – Samusocial de Paris and Habitat et Humanisme, both major players in social housing – while at the same time targeting a return for investors.

Its strategy is two-fold with a portfolio combining return and solidarity:  

  • The social part, comprising 20% of total commitments by investors, is made up of residential assets constructed or to be constructed in Paris and its first-ring suburbs and major French cities. They are selected
    in consultation with our partners and placed at their disposal free of charge upon completion.
  • The return part (comprising 80% of total commitments by investors) is invested in assets dedicated to managed residential accommodation (such as retirement homes and student accommodation).