Fairway advised Mirabaud Asset Management in its partnership with Linkcity, Bouygues Construction’s real estate development subsidiary, for the financing of real estate asset development operations.
With a €100 million envelope dedicated to the acquisition of lands that have already been developed and buildings that need to be upgraded in major French cities, the partnership will make it possible to finance the need to transform cities, in the early stages of development of mainly residential real estate projects.
The projects developed under this agreement will aim to contribute to reducing the carbon footprint, combating the artificialization of land, renaturation and biodiversity.
As part of this partnership, Mirabaud Asset Management acts as Linkcity’s financial partner. By investing as early as possible in real estate projects, the €100 million package, consisting of €20 million contributed by Linkcity and €80 million invested by Mirabaud, will enable Linkcity to finance the acquisition of assets without any conditions precedent for administrative authorizations or marketing, and thus strengthen its action within the regions to create new building spaces from existing ones.