Clearwater International advises La Casa on its €30m fundraising to support development in the Paris region and across France
Clearwater International has advised La Casa, the leader in residential co-living in France, on a €30m funding round. The fundraising consists of €10m equity and €20m debt provided by a banking pool led by Banque Palatine, SocFim and Caisse d'Epargne Hauts-de-France.
Former investors contributed most of the new equity whilst main shareholders remain, founder Victor Augais and the Paluel-Marmont family (Abarines Invest), alongside Business Angels.
Funds raised will be used to develop a network of houses acquired by property owner La Casa Immobilier, with an increase from 30 to 100 dwellings over the next three years, in the Paris region and across France.
La Casa has created a new way of co-living for people that are united around a common passion and values such as benevolence, team spirit and enthusiasm. The company rely on strong fundamentals including a cohesive community, approved themed houses, an average occupancy rate of 99% over the last two years, and a demand six times higher than its offer.
La Casa will benefit from this fundraising to structure its team and accelerate its development on new projects, such as offering property owners the opportunity to run their assets in co-living via a management mandate.
Adviser to La Casa Immobilier on its €30m fundraisingView more