Clearwater International has advised Edmond de Rothschild Investment Partners (EdRIP) on their acquisition of a 30% stake in the Atland group.
This transaction validates Atland’s development strategy both organically and through acquisitions. Founded in France in 2003 by Georges Rocchietta and Lionel Védie de la Heslière, Atland has already launched a new business line with the creation of a “hotels and services residence division”. Outside France, Atland operates an office in Belgium and is planning to open an office in London to offer its services to Anglo-Saxon investors.
The Atland group operates as a real estate investment trust and runs two business lines:
• Housing – Atland runs construction and refurbishment projects, dedicated to first time buyers, rental investments, social housing or housing block sale to institutional investors. The group mainly operates in the Ile-de-France region, with 600 housings under construction through a dozen projects.
• Corporate real estate – Atland operates through its subsidiary Foncière Atland, a listed REIT, which benefits from the SIIC tax regime. Its strategy accompanies business customers in their real estate developments in the Ile-de-France and the French regions through two business lines; real estate sale-leaseback services, and the construction of turnkey rental development housing. Foncière Atland currently has more than €420m of real estate AUM, including more than €300m through co-investments.
Edmond de Rothschild Investment Partners is the private equity affiliate of the Edmond de Rothschild Group and is dedicated to minority investments into privately-owned companies. The Edmond de Rothschild Group specialises in asset management and private banking (€132bn under management, nearly 2,900 employees spread across 30 offices, branches and subsidiaries worldwide).
The Clearwater International team was led by Laurent CamillI.