Magellim, the group resulting from the combination of asset management firm Foncière Magellan and real estate developer Magellim Développement, has announced its equity investment in the real estate crowdfunding platform Baltis Capital. After having announced, last January, its combination with A Plus Finance, a French asset management firm specializing in real estate and private equity, Magellim is taking yet another step toward its goal of becoming a key global real estate investment and asset management player with a strong local presence.
Groupe Magellim was advised by Franklin partner Numa Rengot, assisted by associate Pierre Dupuys.