Cheyne Capital Management has provided GDG Investissements with a €44m loan to help buy and refurbish a mixed-use property in Central Paris.
GDG is planning to convert the existing property located in the 6th Arrondissement in central Paris into a mixed-use building, comprising both space for a campus and social student housing.
Raphael Smadja of Cheyne Capital Real Estate, said: “This is a rare opportunity to deliver high-quality campus and social housing to Paris’s city centre. We’re pleased to be supporting GDG Investissements on this initiative and believe their long-standing focus on implementation of business school campuses and excellent track record in this sector make them an ideal partner for this project.”
Rémi Gaston-Dreyfus at GDG Investissements. said: “We are delighted to be acquiring this property, whose strategic location offers exceptional potential for our investment portfolio, particularly given its proximity to the prestigious Sorbonne Université.”
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