18 November 2025
MIMCO completes the acquisition of 15 Fénelon (Paris 10th) and launches its transformation into a premium serviced-apartment residence.
The MIMCO Group announces the acquisition of a building located at 15 rue Fénelon, in the 10ᵉ arrondissement of Paris, in the heart of a lively and rapidly transforming neighbourhood, close to major Parisian hubs and the capital’s iconic landmarks. This acquisition is fully aligned with the Group’s strategy, which aims to enhance institutional-grade assets in the heart of major European cities and make them accessible to private investors via its digital platform MIMCO Platform.
The asset, with a total floor area of 2,583 m², will undergo a major redevelopment, led by the DVVD architecture firm, with the objective of its conversion into a premium serviced-apartment residence comprising around sixty tourist apartments. The project includes the creation of a dedicated retail unit as well as the development and operation of the future establishment by Quartier Libre Collection Paris, a brand of the JHMH group.
Benefiting from exceptional views of the Saint-Vincent-de-Paul church and the Sacré-Cœur basilica from the upper floors, the future residence will feature high-end apartments designed to combine comfort, elegance, and tailor-made hotel services for a clientele mixing business travellers and leisure guests.
« The 15 Fénelon project illustrates the uniqueness of our approach: revealing the potential of existing assets and transforming them into distinctive addresses designed to stand the test of time. This is how we conceive value creation: at the crossroads of heritage, use, and experience. », said Paul-Eric Perchaud, Managing Director of the MIMCO Group.
The operational phase of the project will begin in the coming weeks with the submission of the Déclaration Préalable and the Autorisation de Travaux, followed by the start of the soft-strip works. The building permit application is scheduled for submission by the end of 2025, with construction expected to begin in 2026. The residence is planned to open in 2028 under the Quartier Libre Collection Paris brand.
Already active in the serviced-apartment segment through several operations in France and Portugal, the Group confirms its expertise and vision in a market undergoing transformation. A comprehensive approach further developed in its white paper « Serviced Apartments & Branded Residences », dedicated to the emergence of new hospitality formats at the heart of European metropolitan areas.
« With the 15 Fénelon project, we reaffirm our conviction in the potential of the Paris serviced-apartment market, driven by sustained demand and an attractive high-end positioning. This acquisition fully illustrates our ability to combine long-term asset vision with sustainable value creation. », said Christophe Nadal, CEO and co-founder of the MIMCO Group.
MIMCO would like to thank its partners who supported the transaction, in particular R&D Notaires (Julien Rémusat, Géraldine Bonneau, Benjamin Balderacchi, Alexis Arduin), Gide Avocats (Louis Oudot de Dainville, Marie Pastier-Mollet, Alexandre Bochu, Nora Chekhab, Farah El Bsat, Lisa Ould Issa), JLL (Frédéric Godard, Kamal Belkoq), Mosaic Real Estate Finance (Philippe Bernieri, Xavier Nguyen), Audit & Coverage (Vladimir Boutmy, Anais Remaoun), Nova Consulting (Julien Bernard, Samson Lopez Pardinas), as well as Ireo and Enjea (non-exhaustive list).
The Group also extends its thanks to its internal teams, its CGP and FO partners, and its investors.
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