Coliving partnership for LBO France
Natixis is supporting LBO France in its exclusive partnership with Colonies, the French leader in the coliving business. Via this facility, LBO France will be able to finance the acquisition and restructuring of properties used for this new form of shared housing, which will be operated by Colonies. The partnership involves a €150 million investment, covering around hundred houses in the next three years.
Residential coliving is a new high-potential market. This innovative way of living offers residents a private, furnished space and shared common areas with services included, and helps address demand in high-density urban areas and the unprecedented, flexible way of working.
Thierry Bernard, Head of Real Estate & Hospitality Finance Europe, said: “We are pleased to support LBO France on this new asset class which is expected to experience robust growth in the coming years. The financing deal was adapted to suit LBO France’s needs and particularly the rapid development of a substantial housing portfolio”.