Fairway advised Mindston Capital on the refinancing of the 34 Foch transaction, an iconic mansion with a surface area of 3,160 m² located in the 16th arrondissement of Paris.
The Mindston Luxury Real Estate fund raised €62 million in debt from Incus Capital, enabling it to refinance the initial acquisition debt and cover the entire cost of the project (construction, carrying costs, and fees).
Acquired at the end of 2023 for €46.5 million, the Blumenthal-Montmorency mansion is currently undergoing a complete renovation, with delivery expected in just over a year. Ultimately, the asset will be sold to a single buyer in the ultra-luxury residential market in Paris.
“We are very pleased to be partnering with Incus Capital to support this new phase of the project,” said Sébastien Bertin. “Their confidence and expertise will be instrumental in successfully restoring this unique heritage asset in the heart of Paris.”
