Stéphane Theuriau
Partner, Head of BC Partners Real Estate
Real Estate
BC Partners Real Estate is a real estate investment platform launched in 2018 by industry leaders Stéphane Theuriau, Laurian Douin and Thibault Lauprêtre as a fully integrated business within BC Partners.
We use our in-depth operational understanding and close monitoring of macro trends to define bespoke capital investment strategies fitting local markets. With a presence across Europe, and through our long-standing relationship network, we leverage our strong operational ethos to create value across all major asset classes.
Our first Real Estate flagship fund BC Partners European Real Estate I “BCPERE I” exceeded its initial target size of €500-€700 million with total commitments of €901 million, with 92% institutional capital. BCPERE I has made investments in France, the UK, Germany, Spain and Italy.
2019
Founding year
€901M
Raised for first BCP Real Estate fund*
95%
of investors in BCPERE I are strategic relationships of the RE Partners prior to joining BC Partners
12
Investments across five countries for first BCP Real Estate fund
*including co-investments.
Where we focus
Operating platforms
We leverage our sector expertise and local relationships to expand sector-focused platforms, increase their asset intensity, and enhance their profitability.
High-yielding assets
We identify and acquire heavily repriced assets with strong cash flow potential, and implement capital expenditure programs to increase value.
Recapitalisations
We source and invest into high-quality assets and platforms that require recapitalisation.
Our unique investment DNA
- Senior team stability with strong operational background
- Extensive Real Estate Private Equity expertise
- Local Pan-European footprint and exclusive operating partner network
- Full integration within BC Partners’ platform
- Sustainability-driven with in-house expertise
- Proven ability to adjust to uncertain market environment
Our approach
We invest across Europe, leveraging local market knowledge to identify deal opportunities. We seek opportunities from market dislocations and debt recapitalization, aiming to acquire high-quality assets at attractive valuations and platforms with growth potential. Our focus includes sectors with tailwinds from secular and demographic trends, sustainability, and technology, such as residential, hospitality, corporate headquarters, student housing, industrial and logistics, and self-storage.
We acquire assets needing active management and operational improvements to unlock value and generate cash flows. Sustainability is integral, with each investment targeting relevant environmental certifications.
Our sectors
BC Partners European Real Estate I has invested across multiple sectors, offering high diversification and granularity across Europe.
- Hospitality
- Residential
- Corporate HQ & Central Office
- Industrial & Logistics
- Self-storage
Our geographies
We operate across Europe, and benefit from a long-standing network of local relationships and operating partners.
BC Partners European Real Estate I has invested across:
France
Capital committed
32%
UK
Capital committed
30%
Germany
Capital committed
16%
Italy
Capital committed
12%
Spain
Capital committed
10%
Real Estate investments
The BC Partners Real Estate team has extensive experience across large and complex real estate projects in Europe. The portfolio is highly diversified across countries and sectors, with €40m average ticket size, reasonable loan-to-value figures at the deal and fund level, and tenant optimisation strategies with high occupancy levels.
View our portfolioProven and experienced leadership team
The three Founders of BC Partners Real Estate have worked together for over 15 years and are supported by two seasoned Managing Directors. Collectively, they bring an average of 30 years of experience in the real estate sector, underpinned by a deeply rooted network of brokers, developers, and strategic partners across Europe. Their efforts are bolstered by a highly skilled, multicultural team spanning investment, asset and development management, finance, and investor relations — operating seamlessly from offices in Paris, London, and Hamburg.
Laurian Douin
Partner, Real Estate
Thibault Lauprêtre
Partner, Real Estate
Nicolas Guerin
Managing Director, Real Estate
Konrad Stoebe
Managing Director, Real Estate
Sandra Mallozzi
Chief Financial Officer, Real Estate
Angus Fell
Director, Real Estate
Max Vasholz
Director, Real Estate
Clélia Denonain
Director, Real Estate
Carla Todaro Amorone
Director, Real Estate
Emre Inci
Principal, Real Estate
Mathieu Ravel
Principal, Real Estate
Victor Gardillou
Principal, Real Estate
Natacha Gros
Principal, Investor Relations
Our commitment to sustainability
At BC Partners Real Estate, sustainability is core to our investment decision making from acquisition, starting with a mandatory assessment undertaken during due diligence for each prospective investment, to asset management, development and exit.
ESG Certifications
Get in touch
To contact a member of our investor relations team, email investor.relations@bcpartners.com
Find local and press contact details on our contact us page.
Contact us