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Jean-Marc Palhon, Chairman of EXTENDAM, explained: “The market is lacking rooms to meet demand. Occupancy rates and prices are nowadays very high across Europe. Trends will probably change during the next 12 to 18 months. If interest rates continue to decline, many investors will be less concerned and will have easier access to credit, which will boost asset values“.

To optimize opportunities in this market, real estate private equity funds remain a preferred option. By investing in both property and business assets, these funds offer a dual source of income: regular rental payments and potential capital gains from the business. Expected returns can reach double-digit levels, though they vary depending on the strategies employed.

Read Aurélie Fardeau’s full analysis on the attractiveness of hotel investment in the magazine Option Finance

The renovation of the iconic Ariane Tower in La Défense, is reaching new heights with a fully glass facade. Originally built in 1975, the tower is transformed to reduce energy consumption by 40% by 2030 while preserving the building’s unique design.

Acting as the project management assistant, REDMAN plays a crucial role in this ambitious project. Emilie Gonnot, Program Director at REDMAN, emphasizes: “This renovation is a true technical feat, allowing us to maintain occupant comfort while modernizing the tower’s energy performance“.

Since the work begun in November 2023, REDMAN has ensured effective coordination to minimize the impact on the building’s 85% occupancy. The operation is the first of its kind in Europe for an occupied high-rise building and highlights the group’s expertise and innovation in managing complex projects.

Learn more about how REDMAN is transforming the Ariane Tower into a model of energy efficiency in Amélie Luquain’s article for Le Moniteur

Did you know that only 28% of engineers in France are women? The association Elles bougent is committed to changing this reality by breaking down gender stereotypes and encouraging young girls to consider careers in industrial and technological sectors.

Founded in 2006 by Marie-Sophie Pawlak, a passionate and visionary engineer, Elles bougent was born from a simple fact: companies struggle to recruit female talent in such fields, still too often seen as male-dominated. To reverse this trend, Marie-Sophie Pawlak brought together companies, engineering schools, and dedicated mentors to show young girls that these careers are not only accessible but also fulfilling.

Today, thanks to Elles bougent, thousands of middle school, high school, and university students are discovering the many opportunities available to them in scientific and technical fields. Through inspiring events, testimonials, and meetings, the association works to break down barriers and spark new vocations.

A big round of applause to Elles bougent for their ongoing commitment to gender diversity and for their impact on the future of young girls!

Discover Elles bougent

On August 1st, 2024, the real estate developer completed full transformation of a historic mansion of over 2,700 square meters located at 60B Avenue d’Iéna, Paris 16^th. The asset is now renamed Villa Iéna. This project, carried out on behalf of Union Investment under a real estate development contract (CPI), was led by architects Naud and Poux, who successfully combined heritage preservation, contemporary expression and respect for the site’s history.

Built by Léon Chatenay in 1883, this Haussmann-style building has undergone several transformations. The top two floors were raised, with a reconstruction of the wooden framework and dormer windows, while a wooden made new wing was added at the rear of the courtyard. Particular attention was paid to energy performance and environmental impact, aiming for HQE and BBCA certifications for both the renovated and new parts of the building.

Villa Iéna has been fully leased to a single tenant and offers now premium services tailored to the specific needs of its occupant, blending historical elements with modern touches. The courtyard has been transformed into an agricultural greenhouse, and the green terraces, designed by Les Jardins de Gally, bring a touch of nature in the heart of Paris. An artwork by the artist Yzo is also displayed in the porch, highlighting the project’s involvement in the 1 building, 1 artwork initiative.

This ambitious project underscores Redman’s expertise and skill, as the company continues to stand out for its ability to transform historic buildings into contemporary and functional spaces while adhering to the strictest environmental standards.

Discover Villa Iéna in Immo Hebdo latest issue

EXTENDAM, in collaboration with SOHOMA International and 123 Investment Managers, recently acquired Navarra Hotel in Bruges. This 4-star establishment, featuring 94 rooms and remarkable heritage, is ideally located in the historic center of the city, often referred to as the Venice of the North.

Renovation work is planned for 2025 to enhance the visitor experience while preserving the authentic charm of this fourth acquisition for EXTENDAM in Belgium.

Matthieu de Lauzon, EXTENDAM, explained: “This new acquisition, with our partners SOHOMA and 123 IM, completes our hotel portfolio in Belgium. It is our fourth acquisition in this European country, and new operations are under consideration. This establishment charmed us with its unique heritage character and premium positioning within the city of Bruges. Close to the French and Dutch borders, the Venice of the North indeed has an ideal location, just 1 hour from Brussels, 2 hours and 20 minutes from Paris, and 2 hours and 50 minutes from Amsterdam or London. This fourth employment zone of Flanders also has direct access to the port of Zeebrugge, providing a major economic and tourist advantage“.

EXTENDAM thus continues to build a very strong hotel portfolio in Europe.

Read the full article on Hospitality-ON

Organized by Archistorm, this unmissable fair dedicated to innovative materials for architecture, design, decoration and interior design is coming back in October! This year, an immersive journey of over 700 sqm will connect industrials and craftsmen in a space designed to stimulate imagination and reveal potential. The agenda gathers meetings, discussions, and workshops for an enriching exploration of materials.

Annabelle Ledoux, founder of Les Grandes Idées, will once again have the pleasure of hosting a series of roundtables on the power of materials!

Join us on October 15 and 16, 2024, at Atelier Richelieu, 60 rue de Richelieu, Paris 2nd.

Information and registration

The hotel industry has been experiencing impressive growth dynamics since the end of the pandemic. Room rates are rising significantly due to high demand.

Jean-Marc Palhon, Chairman of EXTENDAM explained: “Occupancy rates and prices are today very high across Europe. Trends will probably evolve in the next 12 to 18 months. If interest rates decline continues, many investors will be less concerned and will have easier access to credit, which will increase asset values“.

To fully capitalize on the potential of the hotel industry, investing in real estate private equity funds is an attractive option. By combining investment in the property and business asset, investors can benefit from rental income and potential capital gains from the business, with returns that can reach double digits.

Discover Aurélie Fardeau’s report on the attractiveness of hotel investment in the latest issue of Funds Magazine

REDMAN, in collaboration with the architectural firm Naud et Poux Architectes, has recently delivered the “Villa Iéna” project located in the 16th arrondissement of Paris. This project includes 2,700 sqm rehabilitated on behalf of Union Investment.

The mansion, built between 1883 and 1884, has been carefully restored. The work respected every original architectural element while incorporating contemporary elements to meet current requirements.

To achieve its low carbon impact goals, the project finely tuned its energy renovation and reuse approaches. It aims for HQE and BBCA environmental labels. The courtyard transformed into an agricultural greenhouse and the green terraces additionally provide refuges for wildlife in all seasons. These spaces bring a touch of nature to the heart of the city.

Acknowledging the trust shown by Union Investment, Nicolas Decloquement, Deputy Managing Director of Operations at REDMAN said: “The success of this complex rehabilitation operation is the result of close collaboration between the REDMAN teams and their partners who showed tenacity and unwavering commitment at all stages“.

Read the full article by Elena Jeudy-Ballini in Le Journal du Grand Paris

🏨EXTENDAM, in collaboration with 123 IM and their co-investors, announces the sale of three Mercure hotels to their operating partner and co-investor somnOO. Located in North Rhine-Westphalia, in Hagen, Hamm, and Lüdenscheid, these hotels, totaling 458 rooms, have performed excellently throughout the investment cycle, achieving an IRR in line with expectations.

Acquired in 2018, these 4-star hotels offer large meeting spaces and multiple food and beverage outlets. This transaction demonstrates the strong potential for value creation in the hospitality sector.

🤝 The sale of this robust portfolio to somnOO confirms EXTENDAM’s commitment to value-add investments in European hospitality. Despite the challenges posed by the COVID period, the teams ensured solid performances, thus validating the initial investment strategy.

Read the full article on La Tribune de l’Hôtellerie

Today, 2 billion people do not have permanent access to drinking water. To address this issue, Helio Water offers a 100% autonomous system that uses only solar energy to naturally transform a wide variety of water, including seawater, into pure water.

Inspired by the natural water cycle, Helio Water uses the principle of solar distillation to provide up to 10 liters of drinking water per day, meeting the needs of a family of 5.

Congratulations on this beautiful innovation!

Discover Helio