Pre-opening | ClubFunding Issues €680,000 in Bonds to Turn Two Floors in Central Montpellier into 19 Offices

23/09/2026 – ⏱ 2 min

This article is for informational purposes only and does not constitute investment advice or a recommendation of any kind.

The French platform ClubFunding is preparing a €680,000 bond issue to finance the purchase and refurbishment of 340 sqm in central Montpellier, spread over the fifth and sixth floors of a building two minutes' walk from the Le Polygone shopping centre. It should be remembered that any reference to return is inseparable from the corresponding risk, which is set out below.

The published fact sheet does not state the interest rate or the term of the issue, essential figures for assessing the operation, nor the opening date, the minimum investment or an internal rating. It also does not identify the issuing company. Investors should verify these details in the contractual documentation before committing funds.

Asset description, construction progress and sales traction

The purchase price is €270,000, around €794 per sqm. The works budget is estimated at €462,000 including VAT and covers the renovation of the interior spaces together with electrical, plumbing, air-conditioning, ventilation and joinery work. The result will be the division of the property into 19 offices.

The operators will not sell the asset: they intend to keep the offices and let them to independent professionals. The fact sheet does not explain with what funds the issue will be repaid, a relevant point when the operation does not envisage a sale. On demand, the documentation mentions letters of intent received, which are not signed leases, and places expected rents above the observed market average, without supporting comparables. The platform adds that the partners previously developed a paramedical centre in Montpellier, Magnolia, which the file presents as 100% occupied.

Financial structure, coverage ratios and security

The security consists of a first-ranking mortgage registered over the financed asset and a joint and several personal guarantee from the legal representative, a natural person. The fact sheet provides no independent valuation, LTV or LTC. Purchase and works total €732,000, above the €680,000 of the issue, and the documentation does not quantify the operators' contribution. According to the platform, the operator has repaid one previous operation on ClubFunding.

The platform itself warns that the higher the rate, the greater the risk of loss of capital or non-payment of interest, and that past returns do not anticipate future ones.

Non-sophisticated investors have a four-calendar-day pre-contractual reflection period to revoke their offer without penalty. This is a crowdfunding product, not a deposit or a guaranteed savings product. It carries risks of illiquidity and of total or partial loss of principal. It is not supervised by the CNMV or the Bank of Spain, and has no cover under Directives 2014/49/EU and 97/9/EC. Investors may not recover the capital contributed.

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Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.