Founded in 2005, Foncière LFPI Europe (FLE), is the real estate branch of the LFPI Group. It manages assets of around € 3 billion with € 2.599 billion AEM, spread over 237 buildings in Europe, occupied by 1 tenants, and € 065 million invested in 289 assets in the USA.
Managed by an experienced team with a local presence in each country, FLE has privileged access to investment opportunities. The teams have in-depth knowledge of the various target markets, as well as a proven ability to generate growth and deliver expected returns.
Supported by a solid financial structure, FLE has prudent financial leverage (less than 40%), with long-term financing.
FLE has a solid base of institutional investors spread across Europe.
The assets are mainly office buildings, well located and multi-tenant, as well as hotel and retail properties.
Their unit size is between 5 and 60 million euros. Particular attention is paid to the strength of tenants. In 2019, the rate of unpaid rents was 0.66%.
FLE acquires individual assets as well as acquiring portfolios. FLE has a long holding policy and knows how to take advantage of cycles to arbitrate certain assets.
The LFPI Group's strategy targets “core” to “opportunistic” investments in various asset classes (office buildings, shops, warehouses and hotels), located in well-established markets with a long holding period (average of 7 years ). Our objective is to maintain an annual net rental rate of return of over 6,5%, with great geographic diversification and diluted rental risk.
The LFPI Group is pursuing a strategy of growing the real estate portfolio (+ 19.8% in 2019), the value of which should reach 3 billion euros in 2020. The new objective is to reach 5 billion euros AEM by 2025 .
This growth will be achieved in all of the LFPI Group's current markets, whether through acquisitions of assets in Europe and investment in funds invested in real estate in the United States.
President, LFPI REIM
ESTP Engineer and Master of Science at University College of London.
Frederic joined Mazars in 1998 as a Financial Auditor. He managed acquisitions at STAM EUROPE (on behalf of American funds such as Cargill, Westbrook, Cerberus Partners and German with Allianz and DEGI) from 2000 to 2005.
He joined LFPI REIM (formerly Foncière LFPI) when it was created in 2005 as Head of Investments and became Chief Executive Officer in 2007.
Financial Director, LFPI REIM (France) & FLE (Luxembourg)
ICS water graduate and chartered accountant
Hubert worked for seven years in large audit firms: Pricewaterhousecoopers, then Deloitte where he was manager in the audit department. He then joined the Icade group in 2000 as Head of the Consolidation Reporting department. He was then appointed Director of Investments and Financing in 2004, then Financial Director of the Housing Property branch in 2005.
He joined the real estate division of the LFPI Group in February 2008.
Graduated in General Economics and Financial Institutions (CLEFIN) at Bocconi University in Milan, he held the position of Asset Manager at Merrill Lynch Immobilier and GE Real Estate between 2002 and 2007. At that date, he joined Generali Immobiliare Italia as Head of Investments then was appointed Key Account Manager of the group.
At the end of 2010, he joined Foncière LFPI Italia as Chief Executive Officer.
Asset Manager, LFPI Italia Reim spa
Graduated in Law from the University of Milan and Master in Law and Business from Il Sole 24ore Business School.
After a brief experience in a law firm in Milan, in 2016 she began her career in real estate as a Legal Officer - Real Estate within the Legal and Corporate Department of the Carrefour Group. Subsequently, she spent a few months as a property manager at Fondazione Patrimonio Ca 'Granda.
In June 2019, she joined the LFPI Italia Reim team as an asset manager.
Graduated in Business Administration from LUISS Guido Carli University, Rome (Italy) and holds a Masters in Accounting, Financial Management and Control from Bocconi University, Milan (Italy).
In 2009, she started her career at BNP Paribas REIM within the Italian Corporate Development department, followed by an experience abroad within the French investment / divestment team in Paris. From 2011, she worked for the Business Development team of Prelios SGR while in 2014 she was appointed Asset Manager for a fund reserved for qualified investors.
At the end of 2016, Claudia joined LFPI Italia Reim as Investment & Asset Manager
Office Manager, LFPI Italia Reim spa
Graduated in economics from the University of Turin,
She has worked in marketing, communication and sales for international groups, consulting companies and start-ups.
Since 2019, she has been an executive assistant at LFPI Italia Reim.
Junior Asset Manager, LFPI Italia Reim spa
Holder of a bachelor's degree in building engineering from Politecnico di Milano and a master's degree in science and management of the built environment.
He started his career as a support site manager for the Facility Management company ISS Facility Services. In 2019, he joined the AXA Italia Servizi - Corporate Real Estate & Logistics team, focusing on the management of the PalAXA building in Milan.
Since 2020, he has been part of the LFPI Italia Reim team as Junior Asset Manager.
Founder, LFPI Group.
Jérôme joined the mergers & acquisitions department of Lazard Frères in Paris in 1984, where he was appointed Director in 1993. He was appointed Managing Partner of Lazard Frères in 2001.
From 1995, he became Deputy Managing Director of Fonds Partenaires Gestion, then Managing Director in 1997.
In 2002, he participated in the creation of the LFPI Group.
Managing Director, FLE GmbH (Austria)
Holder of a master's degree in law from the Faculty of Vienna with a doctorate in law from the University of Salzburg and ELTE Budapest, he began a third cycle at King's College London, from which he graduated in 1998. After graduating, he became Partner at Wolf Theiss & Partners.
From 2000 to 2004 he was Head of the Legal Department at Immorent CR in Prague. In 2005 and until mid 2007, he joined Sparkassen Immobilien AG, Vienna, as Head of International Operations.
He became Managing Director of FLE GmbH in July 2007.
Director of Heritage, FLE GmbH (Austria)
Graduated in 2005 in International Affairs and Business Economics at the University of Vienna, she continued her studies with a doctorate in economic and social sciences, which she obtained in 2011.
Along with her doctorate, she joined CA Immo International AG in 2007, then Europolis Real Estate in 2009.
She joined the FLE GmbH team in May 2010, as Director of Heritage.
Investment Director, FLE GmbH (Austria)
Studies in International Business Administration (MSc) at the University of Vienna and the London School of Economics: Graduation 2014
Real Estate Asset Manager studies at IREBS: Graduation 2017
PwC Transaction Services GmbH, Real Estate M&A
PwC Advisory Services GmbH, Property valuation
Brainlab Hong Kong, Finance & Control
Asset Partner AG, Real Estate M&A
Immogate AG, Project development
Fabian Haupt's area of responsibility covers the entire acquisition process for all types of real estate acquisitions in Germany, Austria and Eastern Europe.
Mr. Haupt acts as a key contact for RE brokers and agents.
Project Management / Technical Asset Management, FLE GmbH (Austria)
Area of responsibility:
Professional career :
Senior Financial Controller, FLE GmbH (Austria)
András Ráduly is responsible for the group's financial management and control, including budgeting and forecasting, as well as financial reporting. Another important aspect of his job is cash management. He is responsible for the liaison with the external accounting departments and the auditors.
CALIFORNIA. - Chartered Chartered Accountant (2011)
Financial Controller, FLE GmbH (Austria)
Andreas Weinbergmair's area of responsibility is the control of the Group's finances and includes budgeting and forecasting as well as corporate reporting. Another key area of responsibility is cash management. It also acts as an interface with accountants and external auditors.
Asset Manager, FLE GmbH (Austria)
Kevin Zielonka's area of responsibility includes:
Controller, FLE GmbH (Austria)
Mr. Reszler's missions concern, among other things, the support of internal control in the control of external accountants and the preparation and control of payment transactions from the owner accounts of the various holding companies. In addition, he is responsible for reporting and preparing business plans and forecasts and helping to set up asset management software.
Asset Manager, FLE GmbH (Austria)
Daniel Wimmer acts as Asset Manager and is responsible for the following areas:
Studies: Business Consulting (BA) at the University of Applied Sciences Wiener Neustadt with specialization in real estate management and finance
University of Applied Sciences 2012 - 2015
2015-2017 Property Management at HSG Zander Austria GmbH
Asset Manager, FLE GmbH (Austria)
Managing Partner, LFPI US LLC (USA)
Holds an MBA and BA from the University of Chicago.
Roland joined the Merger & Acquisition department of Lazard New-York, then Lazard Paris. In 2004, he joined the Real Estate Group of UBS, where he held the responsibilities of Manager. There, he developed experience in sourcing, due diligence supervision, structuring and negotiation of transactions for a total amount of over US $ 20 billion for listed and unlisted real estate companies, private equity funds, hedge funds, family offices, pension funds and sovereign funds.
In 2013, he joined the LFPI team as Managing Director in charge of the activity in the United States.
Senior Analyst, LFPI US LLC (USA)
David joined LFPI in 2018 after graduating from EMLYON Business School with a specialization in Finance and Strategy. Before EMLYON, he held several positions as analyst trainees; notably by working at The Invus Group LLC and Quaero Capital SA. David graduated with a Master of Engineering from Ecole Centrale Lyon.
He holds a BA from the University of UCLA.
Prior to joining LFPI, James was Head of Credit Analyst in the Investment, Asset Management and Fund Structure department at Moody's. Before joining this structure, James worked at Medley Partners, an investment company specializing in private equity, real estate and credit strategy participations and co-investments. He started his career in the Lehman Brothers group.
Vice President, LFPI US LLC (USA)
Graduated from Lehigh University in 2011 with a specialization in Finance.
Collin started his career at Blackstone in the Hedge Fund Solutions (BAAM) department. In 2014, he joined Allianz Real Estate of America and worked with the investment, mortgage issuance and asset management teams. Collin holds the CFA and CAIA accreditation.
In 2016, he joined the LFPI US team as Chargé d'Affaires.