Edmond de Rothschild REIM (France)

Edmond de Rothschild REIM (France), formerly known as Cleaveland, is an Alternative Investment Management Company established in 2005 and dedicated to real estate funds. Edmond de Rothschild REIM (France) is authorized by the French Autorité des Marchés Financiers (AMF) since 2010 and part of the Edmond de Rothschild Group since 2016.

Edmond de Rothschild REIM (France) offers a full range of real estate services to meet both private and institutional clients’ expectations and strategy.

Key Figures

As of 31/12/2020

€6.2bn

Assets under Management

450

Assets in portfolio

Our Know-how

Edmond de Rothschild REIM (France) draws on the expertise of a multidisciplinary team structured around 3 activities:

Acquisition of real properties for private and institutional clients.

Management of the entire acquisition process : from the Letter Of Interest to the signature of the deed of sale.

Identification and presentation of investment opportunities according to the defined strategy, coordination of the acquisition process (preliminary evaluation and due diligence on rental, technical, financial, legal, notarial and environmental aspects), elaboration of the acquisition business plan, support investment vehicle’s financial, legal and tax structuring.

Define the strategy and actively manage the asset to optimise value creation (mid-term objectives implemented in the annual action plan).

Implementation of strategic decisions to maximise value creation : rental status optimisation, lease negotiation and renewal, marketing of vacant spaces and monitoring of brokers, definition of the multi-year works programme and supervision of restructuring and renovation, assets’ administrative management, design and implementation of a SRI policy on each assets, if appropriate.

Sale process oversight : manage the data room, sale’s marketing, brokers’ monitoring, negotiation of sale’s conditions.

Advise and support the Alternative Investment Fund (AIF) inception or take-over : fund’s structuration, incorporation documents (Articles of Association, Prospectus), selection of partners (custodian, auditors, real estate appraisers, asset and property managers), obtain Autorité des Marchés Financiers (AMF) approval, Commercial court registration, implement fund’s governance.

Financial, legal and administrative management of the fund on a day-to-day basis : real estate portfolios management and supervision, control and monitoring of regulatory and statutory fund’s ratios, follow-up of running costs (OPEX/CAPEX), reporting to regulatory bodies and investor.

Supervision of specific operations : financing optimisation, cash management

SOCIALLY RESPONSIBLE INVESTING : OUR APPROACH

Edmond de Rothschild REIM (France) aims at playing an active role in the fight against climate change while promoting social responsibility and corporate governance. This commitment of socially responsible investing (SRI) is reflected not only in-house, but also with key stakeholders: tenants, users and service providers are involved.

SRI objectives are processed on the 3 areas – Environment, Social and Governance.

Our Team

François Grandvoinnet Chairman Read more

François Grandvoinnet acts as Edmond de Rothschild REIM France Chairman. He is in charge of the company’s development and services expansion.

He can rely on a +30 years experience in the pan-European real estate investment field for both institutional and private clients on all asset classes, from core to opportunistic strategies.

Before joining Edmond de Rothschild, he was Aviva Investors Real Estate France’s CEO, supervising strategy and chair of the investment committee. From 2014 to 2019, the company has obtained its AMF approval, raised EUR 1 billion of capital from third parties and launched five investment funds, including 3 pan-European funds. Assets under management had also doubled with EUR 3.5 billion acquisitions.

François has also held senior management positions at AEW, AXA REIM, CBRE Global Investors and Archon, either in France and abroad. At AEW, he was supervising a more than EUR 12.5 billion portfolio.

François graduated from Université Paris Dauphine and holds a DECF degree.
Lyes Badji Executive Director Read more

Lyes Badji supports the Chairman in the definition of the company’s strategy and action plan. He is also in charge of the regulated fund management line of business. He has a 15-years experience in real estate and finance.

Lyes began his carreer in 2005 in London in the real estate financing field, at Crédit Agricole Corporate Investment Bank and then at Royal Bank of Scotland.

In 2008, he has joined Cleaveland and has been appointed to act as CFO in 2012. He has been actively involved in the development of the fund management activity, contributing to a growth of the assets under management, from EUR 200 million to EUR 6.6 billion.

Lyes graduated from Université Paris Dauphine and holds a Master degree from NEOMA business school.
Clément Brazy Head of Finance Read more

After several years as a financial auditor at PwC, Clément was real estate structured finance analyst at Crédit Agricole CIB. He has joined Edmond de Rothschild REIM (France) teams as senior fund manager before taking up the position of Head of Finance.

He deals with regulated fund management and real estate financing implementation.

Clément graduated from EDHEC Business School.
Sophie Facques Head of Legal Read more

Sophie started her career as company law specialist at Archon Group (Goldman Sachs) before joining CGW in 2003. Sophie then joined the Bleecker Group between 2004 and 2009, dealing with corporate and contract law topics.

Sophie is Head of Legal at Edmond de Rothschild REIM (France) since 2009.

Sophie holds a DESS degree in corporate law.
Benjamin Lempire Head of Real Estate Read more

Benjamin began his career in 2004 as a consultant at Cushman & Wakefield in the Capital Markets department.

He has joined Edmond de Rothschild REIM (France) in 2006 as an Asset Manager before leading the Real Estate department in 2017.

Benjamin graduated from EDHEC Business School and Université Paris-Sorbonne.

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