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Cheyne deploys €850m in France, launches Paris office

[Image: Raphael Kugnharski/Unsplash]

Alternative asset manager Cheyne Capital Management is to open a new office in Paris, its fifth office in Europe and eighth world-wide.

Cheyne’s said the move underlines its commitment to the French lending market. The firm has deployed about €850 million in France in the past four years in 14 property loans and said in a statement that a Paris office will support origination and improve the team’s access to attractive lending opportunities.

Raphael Smadja, Head of French Real Estate at Cheyne Capital commented: “We recognised several years ago that the opportunity set for senior and mezzanine real estate lending in France was growing rapidly, so we have built a team that is able to capitalise on this.”

Among its latest deals the Paris team has provided a senior loan for an office development in Bagneux, acquired by Hemisphere and Bain Capital. The 15,000 sq m low-rise office and leisure projects, close to the future Gare de Bagneux metro station, will meet high environmental standards.

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