Mirabaud Asset Managements' approach of the The Grand Paris project will result in the biggest urban property (real estate) and infrastructure project in Continental Europe since Baron Haussmann redid Parisian streets in the 19th Century, aiming to spend some €30bn over the next three decades to transform the city and periphery around France's capital.
New homes and offices will be developed in mind of sustainability, as Paris seeks to benefit from a positive demographic trend, and dynamic and diverse economic activities.
Our strategy follows an investment philosophy clearly articulated around the "Grand Paris" project, crossing over Private Equity and Real Estate in a value add approach. The investment theme is based on a "transformation approach", investing alongside established real estate developers where Mirabaud will carefully select and challenge each project.
Three sub-strategies with distinct risk/return profiles and time horizon:
- Residential building projects,
- Transformation of ex-industrial sites into residential/office space buildings,
- Building/renovation of office spaces.
Each project will benefit from the proximity of the existing, or future, infrastructure of public transportation from the Grand Paris master plan.
Watch the video for more insights into how Mirabaud AM is looking to leverage its value-add approach to the transformation taking place. More video material and explanations here