Lumière Impact Real Estate

Managed by Lumière Gestion · Paris, France

Fundraising · 51% raised

Real EstateValue-addDevelopment📍 France📍 Southern EuropeVintage 2025Professional only

Investment strategy

Lumière Impact Real Estate acquires and repositions under-utilised urban assets in French and Southern European cities into energy-efficient affordable housing. The fund is classified Article 9 under SFDR and targets both measurable social impact and value-add returns.

Real Estate: strategy parameters

Risk profile

Value-add / development

Asset types

Residential, mixed-use urban

Target LTV

≤ 55%

SFDR classification

Article 9

Target return

12–14% net IRR

Focus

Investment regions

France, Southern Europe

Sectors

Urban regeneration, affordable housing

Portfolio: investments made by this fund

Trastevere Housing ComplexActive

Sector

Residential

Country

Italy

Year

2026

Amount invested

€19m

Le Marais Regeneration ProjectActive

Sector

Residential

Country

France

Year

2025

Amount invested

€24m

Company	Sector	Country	Year	Amount invested	Status
Trastevere Housing Complex	Residential	Italy	2026	€19m	Active
Le Marais Regeneration Project	Residential	France	2025	€24m	Active

Manager

Firm

Lumière Gestion

Headquarters

Paris, France

Founded

2012

AUM

€900m

View manager profile & team →

Key terms

Target size

€275m

Raised to date

€140m

LP minimum ticket size

€500,000

Fund term

12 years

Management fee

1.5%

Carried interest

15% over 6% hurdle

Regulatory

Domicile

France

Regulator

AMF

LEI

5299FICTIONAL004XX

Eligibility

Professional only

This profile is provided for information only and does not constitute an offer, solicitation or investment advice. Eligibility restrictions apply under AIFMD.