First Italian Deal for the French Real Estate Crowdfunding Platform ClubFunding

ClubFunding, a French real estate crowdfunding platform, with over €1.5 billion in financing disbursed, has successfully completed the issuance of two senior secured bonds.

The funds raised, the total amount of which was not disclosed, will be used to refinance the bank debt contracted for the acquisition of Palazzo Duodo, a prestigious historic property located in Venice.

The operation, which represents ClubFunding’s first investment in Italian assets, features Carlotta Italia srl, the Italian vehicle of the French company Compagnie de Phalsbourg. The acquisition of the Palace, which took place at the end of 2021 by Cassa Depositi e Prestiti, was financed by ClubFunding also through the provision of a direct loan.

Two bonds for refinancing

The two bonds issued by ClubFunding have different characteristics: the first has a value of 5 million euros and a maturity of 2 years , while the second has an unspecified amount. Both bonds were placed among qualified institutional investors.

“ We are happy to offer this new territory to our investors. Italy is the third largest economy in the European Union, its real estate market is very attractive, driven by the dynamism of its metropolises, its tourism potential and the cultural affection of Italians for brick , ”commented Gautier Allard , CEO of the crowdfunding platform.

Founded in 2015 by David Peronnin, ClubFunding stands out as a reference platform for the financing of real estate projects in France and Europe.

Through its community of retail and institutional investors, the company offers real estate developers alternative solutions to bank credit, such as the issuance of bonds or shares.

In March 2024, ClubFunding strengthened its presence in Italy with the opening of a branch in Milan, led by Charles Haezebrouck and Paolo Insom

The two managers, appointed co-investment directors for Italy, boast solid experience in the real estate sector and consolidate the partnership between ClubFunding and the eRE-element Real Estate group, already a partner of the French platform since 2015.

The refinancing operation of Palazzo Duodo represents a further step in ClubFunding’s growth path, confirming its ability to innovate and offer flexible financial solutions suited to the needs of real estate operators in Europe.

“ We are pleased to support ClubFunding in its development in Italy. By expanding our business, we will be able to offer operators, developers and sellers of local goods all the solutions offered by the platform. Thanks to its rapid fundraising capacity and supported by a favorable economic context, we are convinced that the formulas offered by ClubFunding, in the form of loans, equity or fractional, will convince Italian entrepreneurs ,” explained Haezebrouck and Insom on the occasion.

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(Featured image by  garten-gg via Pixabay)

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