Swiss Life Asset Managers and Cedrus & Partners announce the delivery of the first Immobilier Impact Investing fund asset

Swiss Life Asset Managers France announces the addition of a student residence in Dijon on behalf of OPPCI Immobilier Impact Investing. This is the first asset added to this impact fund created in 2019 in partnership with Cedrus & Partners.

Located near the city centre and Dijon TGV station, the property is part of the new Cité Internationale du Vin et de la Gastronomie district, which covers a plot of 6.5 hectares, on the site of the former general hospital. The 70 000 m2 building complex consists of renovated historic buildings and new constructions for cinemas, a shopping mall, a senior care residence, housing, a training centre dedicated to gastronomy and a student residence.

Purchased from Eiffage as sale upon completion, this student residence consists of 145 one and two-room apartments with more than 2700m2 living space and 255m2 for common areas.

Delivered in October 2021, the building has TC 2012-22% energy performance.

The Immobilier Impact Investing fund

Launched in 2019, OPPCI Immobilier Impact Investing is the first impact real estate fund. Its objective is to rehouse needy people via our two partners – Samusocial de Paris and Habitat et Humanisme, both major players in social housing – while at the same time targeting a return for investors.

Its strategy consists of two parts with a portfolio combining return and solidarity:
- the social part, which accounts for 20% of total investors’ commitments. This part consists of residential properties, built or to be built, located in Paris and the inner suburbs and in major French metropolises. They are selected in agreement with our partners and made available to them free of charge upon delivery.
- The return part (representing 80% of investors' total commitments) is invested in assets dedicated to managed accommodation (senior residences, student residences...).