Bellevilles
Bellevilles is a Paris-headquartered solidarity real estate company (foncière solidaire) founded in 2019 that acquires, ecologically renovates, and long-term manages buildings to provide below-market premises for social economy organizations, cooperatives, artisans, and affordable housing across seven French regions.
- Company typePrivate
- Founded2019
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Bellevilles does
Bellevilles is a French foncière solidaire (solidarity real estate company) founded in 2019 and headquartered in Paris, with regional offices in Toulouse, Marseille, and Bayonne. The company acquires, ecologically renovates, and long-term manages vacant or under-used buildings — former schools, markets, freight stations, factories, department stores — to provide below-market premises for social economy organizations (associations, SCIC cooperatives, ESS structures), artisans, affordable housing residents, and multi-functional third places (tiers-lieux) across seven French regions. As of 2024, it manages assets equivalent to approximately €150M across 15 active sites, with 17 projects delivered since 2020 and 337 projects studied over a five-year horizon.
The company operates a vertically integrated platform organized around two principal vehicles. Foncière Bellevilles is the investment arm that issues solidarity shares (actions solidaires) via the Vasco.fund/investir.bellevilles.fr portal and LITA.co, channeling citizen savings into property acquisition and renovation; investors benefit from a 25% income tax reduction under the IR-PME ESUS scheme, with €13M+ raised from 1,400-1,500 citizens since 2020 and over €20M mobilized through co-investment partners. Atelier Bellevilles, a wholly-owned construction and promotion subsidiary created in 2020, internalizes design, AMO (Assistance à Maîtrise d'Ouvrage), MOD (Maîtrise d'Ouvrage Déléguée), and CPI (Contrat de Promotion Immobilière) capabilities, with proprietary expertise in straw bale insulation, bio-sourced materials, systematic material reuse (4.2% reuse rate achieved at Génération Pasteur Albi), and participatory construction methods.
Bellevilles monetizes through a hybrid of (i) below-market rental income on the property portfolio leased to ~16 operating companies (more than half structured as SCIC cooperatives), (ii) construction management and promotion fees via Atelier Bellevilles for both internal and external project sponsors (e.g., Génération Pasteur Albi €2.7M contract, Tiers-Lab des Transitions Marseille €800k), (iii) co-investment and financial engineering structuring with institutional partners (Banque des Territoires/CDC, Action Logement, regional councils) on large projects such as PHARES (€8.5M) and Polto Stains (€7.3M), and (iv) consulting and training services for municipalities and project sponsors. Distribution is community-led, anchored by recurring site-based apéros, an annual citizen general assembly, the co-organized KISS (Kermesse de l'Immobilier Social et Solidaire), industry presence at MIPIM and Forum Bois Construction, and direct citizen onboarding via owned investment platforms. The regulatory foundation rests on ESUS accreditation (since 2019) and Label Finansol (since 2025), and the governance is a multi-body SAS structure (Associés, La Boussole operational committee, Comité d'Investissement, Conseil de Surveillance) with five co-founders (Alexandre Born, Adrien Ramirez, Jérémie Loevenbruck, Sébastien de Hulster, François Gendre).
Bellevilles firmographics
Firmographics- Name
- Bellevilles
- Legal name
- Bellevilles SAS
- Website
- https://bellevilles.fr
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bellevilles is a Paris-headquartered solidarity real estate company (foncière solidaire) founded in 2019 that acquires, ecologically renovates, and long-term manages buildings to provide below-market premises for social economy organizations, cooperatives, artisans, and affordable housing across seven French regions.
- Ownership category
- akta.pro rank
Bellevilles industry classification
Industry- Product category
- Solidarity Real Estate
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (52591)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Community Development & Affordable Housing Funds (FSANAJAK)
- akta.pro secondary industries
- ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE)
Keywords
Where Bellevilles is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices5 records
Markets served
Bellevilles business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Rental income from managed properties: Bellevilles generates rental revenue from a portfolio of properties leased to social economy organizations, cooperatives, artisans, housing residents, and third-place operators at below-market rents. With 15 sites in operation as of 2024 and assets under management equivalent to approximately €150M.
- Citizen investment fundraising: Bellevilles raises equity from individual citizens through tax-advantaged investment products (actions de la foncière solidaire), channeling capital into real estate acquisition and renovation projects. €13M raised from 1,400+ citizen investors since 2020, with 2 capital raises through LITA.co.
- Co-investment and leverage: Bellevilles mobilizes co-investment from institutional partners (Banque des Territoires, Action Logement, regional councils) to amplify citizen capital. Over €20M mobilized from co-investors, enabling projects such as PHARES (€8.5M), Polto Stains (€7.3M), and others.
- Property development and construction management fees: Through Atelier Bellevilles, the company charges fees for construction management (MOD), promotion (CPI), and technical advisory (AMO) services. Notable contracts include Génération Pasteur Albi (€2.7M) and Tiers-Lab des Transitions Marseille (€800k).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | One time/ perpetual license | Solidarity investment in the foncière (actions solidaires) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Bellevilles product offering
Product offeringCore offering
Bellevilles is a solidarity real estate company (foncière solidaire) that acquires, ecologically renovates, and long-term manages real estate assets to provide affordable premises for social economy organizations, affordable housing, and community third places. Through its Foncière Bellevilles investment vehicle, it mobilizes citizen capital via solidarity shares offering a 25% income tax reduction under IR-PME ESUS; through its Atelier Bellevilles subsidiary, it delivers construction, promotion, and technical advisory services; and it manages a portfolio of 15+ active sites across France valued at approximately €150M equivalent in assets.
Product overview
Bellevilles is a solidarity real estate company (fonciere solidaire) founded in 2019 that operates a platform model comprising the Fonciere Bellevilles investment vehicle (offering solidarity investment products with tax benefits) and Atelier Bellevilles (its construction and promotion subsidiary). The company offers a vertically integrated suite of services spanning Investment, Asset Management, Construction & Promotion, Place Management, and Consulting. The portfolio includes 20+ managed properties across France serving social economy activities, housing, and third-place functions. Bellevilles manages approximately 150M euros in assets (2024) and has raised 13M euros from 1,500 citizen investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Foncière Bellevilles
- Atelier Bellevilles
- Asset Management
Quantifiable outcome
- €13M raised from 1,400+ citizen investors since 2020; over €20M co-invested by institutional partners
- +4 more outcomes
Companies that use Bellevilles
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
Bellevilles technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Bellevilles partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, major and minor.
- HalagecoreHalage is the association managing the PHARES building at Île-Saint-Denis and a core partner in its rehabilitation and expansion. Bellevilles leads the foncière solidaires role in the joint project, with Halage providing operational management of the ESS ecosystem within PHARES.
- ANRU (Agence Nationale pour la Rénovation Urbaine)coreANRU is a key public partner for major urban renewal projects including PHARES (Île-Saint-Denis) and Polto (Stains), providing funding and strategic alignment for social real estate within NPNRU (Nouveau Programme National de Renouvellement Urbain).
- ANCT (Agence Nationale de la Cohésion des Territoires)majorANCT partners with Bellevilles on territorial development projects including Ilot Prudhon (Ivry-sur-Seine) and Maison Clovis (Clermont-l'Hérault), providing funding and strategic support for local development initiatives.
- LITA.cocoreLITA.co is the equity crowdfunding platform through which Bellevilles has conducted at least 2 capital raises, mobilizing citizen investment. Key distribution channel for Bellevilles' investment products.
- Vasco.fundcoreVasco.fund is the primary investment platform used by Bellevilles for citizen share subscriptions in the SCA Foncière Bellevilles. Investment portal accessible at investir.bellevilles.fr.
- Plateau UrbainmajorFellow solidarity real estate company and co-organizer of the KISS (Kermesse de l'Immobilier Social et Solidaire). Plateau Urbain and Bellevilles share complementary approaches to social real estate development.
- Yes We CampmajorYes We Camp is a key ally in social real estate development, sharing a vision for temporary and permanent social spaces. Partner in the KISS event and various project developments.
- De WatoumajorDe Watou is a co-investor and co-developer on the Aux Fabriques Réunies project in Verdun (€6.3M total), partnering with Bellevilles and CDC on the transformation of the Art Deco building.
- Commune Mesure / De WatoumajorPart of the 'Socle Commun' network (Base Commune, ESSentiel, De Watou) working on shared standards and practices for solidarity real estate. Bellevilles participates in this network alongside partner organizations.
- FAIR / FinansolmajorFAIR is the French association for responsible and solidarity finance. Bellevilles holds the Finansol label and participates in FAIR network activities including the KISS event organization.
- France Tiers-LieuxmajorNational network for third places in France. Bellevilles is an active member and participates in the network's advocacy and knowledge-sharing activities.
- Mouvement Impact FrancemajorBellevilles is a member of Impact France (formerly AVISE impact), participating in Impact Lab acceleration program and the broader impact entrepreneurship ecosystem.
- MouvESSminorNetwork for social entrepreneurship in ESS. Bellevilles participates in MouvESS activities and advocacy for the social economy sector.
- Envirobat Occitanie / EkopolisminorRegional sustainable building networks. Bellevilles participates in Envirobat events (including Forum Bois Construction) and holds the Prix OFF from Ekopolis for La Grande Coco.
- FEVEminorFEVE (Fermes En Vie) partnered with Bellevilles for a joint épargne citoyenne à impact event in Rennes on June 1, 2026, showcasing solidarity investment opportunities.
- SNCF ImmobilierminorSNCF Immobilier is listed as a 'Grand Compte' partner, suggesting a commercial relationship around the use of railway-adjacent properties. Le TLM (Paris) is located along the Petite Ceinture railway.
- Terres de LiensminorSolidarity land trust organization. Bellevilles participates in shared governance activities alongside Terres de Liens and maintains a cooperative relationship.
- SolifapminorSolidarity foundation for affordable housing. Member of the KISS collective organizing the Kermesse de l'Immobilier Social et Solidaire.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Bellevilles competitors and assessment
Company assessmentDirect peers
- Yes We Camp: French social real estate operator building temporary and transitional urban projects (Les Grands Voisins, Halle Girard). Direct peer in the tiers-lieux ecosystem with similar citizen-engagement and adaptive reuse approach; partner of Bellevilles in the Socle Commun network.
- LITA.co: European equity crowdfunding platform specialized in impact and solidarity investments. Direct peer as a citizen-investment channel for ESS projects; has hosted 2 Bellevilles capital raises.
- Plateau Urbain: Fellow French solidarity real estate operator developing temporary and permanent third places on vacant properties for social economy actors. Co-organizes the KISS event with Bellevilles and shares the same community-led, below-market-rent model targeting ESS structures.
- Vasco.fund: Citizen investment platform for solidarity real estate and impact projects in France. Peer in the solidarity-investment distribution channel; hosts the primary subscription interface for Foncière Bellevilles shares.
- Habitat et Humanisme: Major French movement providing affordable housing to underprivileged populations through a network of associations and foncières solidaires. Direct peer in solidarity real estate, sharing a below-market rent model and citizen-investor fundraising approach.
- Terres de Liens: Solidarity land trust operating across France to acquire agricultural and rural real estate for ecological and social purposes. Comparable solidarity-finance and citizen-investment model (Foncière Terre de Liens) and similar ESS-aligned governance structure.
Broad incumbents
- Novaxia: French impact real estate developer focused on urban transformation and ecological renovation (Novaxia Neo, Novaxia R). Comparable in ecological renovation and impact positioning, but broader commercial scope and larger AUM.
- Foncière 3F / Groupe Action Logement: One of France's largest social housing landlords managing tens of thousands of affordable units through ESUS-aligned entities. Larger incumbent in social/affordable housing real estate; comparable mission but vastly larger scale and traditional institutional rather than citizen-led.
Others
- Banque des Territoires (Groupe CDC): Caisse des Dépôts subsidiary financing territorial development projects including social real estate. Co-investor in Bellevilles projects (PHARES, Polto) and ecosystem partner; included as a peer because it is the primary institutional capital provider in Bellevilles' space.
- Emmaüs France: National federation of Emmaüs organizations operating solidarity-based real estate, logistics, and second-hand economy activities. Thematically comparable as a major solidarity/social economy actor with real estate footprint, though with a different operational model (more insertion-focused than impact-investment).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Bellevilles social profiles
Digital presenceBellevilles compliance and trust
Trust signalCompliance2 records
Bellevilles financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bellevilles leadership team
Management profileNumber of profiles
Profiles10 records
Bellevilles subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bellevilles funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bellevilles M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bellevilles
What does Bellevilles do?
Bellevilles is a solidarity real estate company (foncière solidaire) that acquires, ecologically renovates, and long-term manages real estate assets to provide affordable premises for social economy organizations, affordable housing, and community third places. Through its Foncière Bellevilles investment vehicle, it mobilizes citizen capital via solidarity shares offering a 25% income tax reduction under IR-PME ESUS; through its Atelier Bellevilles subsidiary, it delivers construction, promotion, and technical advisory services; and it manages a portfolio of 15+ active sites across France valued at approximately €150M equivalent in assets.
Is Bellevilles a public or private company?
Bellevilles is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bellevilles founded?
Bellevilles was founded in 2019. It employs 11 to 50 people.
Where is Bellevilles based?
Bellevilles is headquartered in Paris, France, in the Europe region.
How does Bellevilles make money?
Four revenue lines are on record. Rental income from managed properties are the primary driver. The others are citizen investment fundraising, co-investment and leverage and property development and construction management fees.
Who are Bellevilles's main competitors?
Direct peers on record are Yes We Camp, LITA.co, Plateau Urbain, Vasco.fund, Habitat et Humanisme and Terres de Liens. Broad incumbents are Novaxia and Foncière 3F / Groupe Action Logement. Others are Banque des Territoires (Groupe CDC) and Emmaüs France.
Does Bellevilles have an API?
No public API is recorded for Bellevilles.
What industry is Bellevilles in?
Bellevilles's product category is Solidarity Real Estate. Its primary akta.pro industry code is FSANAJAK, Community Development & Affordable Housing Funds, with a secondary code of FSANAJAL, ESG Integration / Responsible Investment Funds (Broad ESG). Its NAICS code is 525 and its SIC code is 6531.