A new player on Luxembourg’s real estate landscape has emerged with the creation of Eaglestone Equity Partners, led by Gaétan Clermont. Established by Eaglestone Group, the new company will specialise in development and management of real estate funds, the creation of 'club deals' between investors and a real estate co-investment platform in France, Switzerland, Belgium and Luxembourg.
"The ambition is to invest opportunistically through the purchase of existing assets or real estate companies that are subject to restructuring or value enhancement. Real estate co-investment platforms are still underdeveloped in Europe compared to the United States. But the concept appeals to investors because it is an alternative to investment funds that offers many advantages in terms of strategy flexibility, profitability and liquidity," said Clermont.
According to the company, investors have already committed the equivalent of €150 million into future real estate projects with office, retail, hotel and large-scale residential potential, and half a dozen projects are already under preview.
Nicolas Orts, CEO of Eaglestone Group, explained the rationale behind the creation of the new company.
"After experiencing exponential growth over the past five years in our core business of developing real estate projects, we were looking for some diversification. With this new activity, we are emerging as one of the first real estate groups in Belgium, structured in two distinct clusters, promotion on the one hand and opportunistic investment on the other,” he said.
Image: Gaétan Clermont, Nicolas Orts.
