The result of the merger of FONCIÈRE MAGELLAN, a real estate asset management company, and MAGELLIM DEVELOPPEMENT, a real estate developer, MAGELLIM is an integrated real estate group. Its management company, which obtained AMF approval in 2014, currently has AUM of more than €1 billion and specialises in investment in regional tertiary and industrial real estate. Run by Steven PERRON and Julien BELLEC, MAGELLIM generated revenue of nearly €40 million in 2020, representing annual growth of more than 50%, with a team of around 30 people based in Paris, Nantes, Strasbourg and Lyon. The Group's forecast revenue for 2021 is €75 million.
Advised by ADVISO PARTNERS, the Group raised a €22 million financing line through a banking pool comprising CAISSE D'EPARGNE, BANQUE POPULAIRE GRAND OUEST, BRED and CREDIT MUTUEL ARKEA. This new source of financing will enable the Group to ramp up its acquisitions policy in order to achieve its target of €3 billion of AUM by 2025.
MAGELLIM has already established a list of priority acquisition targets that will enable it to diversify and consolidate its position nationally and throughout France's regions.
Steven PERRON, Chairman of the MAGELLIM Group
"These new financial resources will secure the Group's long-term development and bolster Magellim's position as an independent player. This new line is also a mark of renewed trust from our banking partners, with whom we have been working for many years and whom we would like to thank for their commitment and support."
