The operation is located at La Giettaz between Megève and La Clusaz. It is a family resort with a ski area linked to that of the Portes du Mont-Blanc ski station offering a total of more than 100 km of slopes. The chalet is located 5 minutes' drive from the ski slopes and benefits from a view over the valley.
The financing allows the completion of the work on the chalet. The chalet consists of a ground floor / 1st-floor unit that can accommodate up to 32 people and includes a swimming pool, sauna and jacuzzi area that will be rented on a seasonal basis and the second floor that will be rented on a yearly basis.
Seasonal rentals will have the following average weekly prices, depending on the period of the year:
* High season: 15 000€ (December to March)
* Average season: 7 500€ (July– August)
* Off-season: 4 000€
All the services (site, reservations, contract, cleaning...) are carried out by Mr. Deltour.
At an average market price of 4,100 €/m², the chalet L'Arrondine is valued at 3 million €, which seems to be a low estimate given the new character of the chalet and the top-of-the-range amenities on offer.
Construction was suspended in 2018 because Mr Deltour has devoted himself to the chalet le Cerf Voland, which is also owned by De La Grange Immobilier. Chalet le Cerf Voland is a chalet of the same type as the Arrondine chalet, which is operated as a seasonal rental.
The transaction is being carried out by SARL De La Grange Immobilier, which is in the process of being transformed into a SAS (simplified joint-stock company) with a capital of 401,000 euros, registered with the Chambery Trade and Companies Register under number 812 660 579, on 21/07/2015.
SARL De La Grange is 99.975% owned by Mr. Deltour and the balance by Mrs. Jaspers. In the process of being transformed into a SAS, it will also hold the bond issue.
The bond loan will be issued by SARL De La Grange Immobilier, which is in the process of being transformed into a SAS at an annual rate of 11% per annum, for a period of 48 months. Interest is paid annually but guaranteed for a minimum period of 6 months. The loan will be amortized semi-annually from the second year.
In order to provide additional guarantees, the repayment of the bond loan is guaranteed by :
* A 2nd rank mortgage in favor of Raizers representing the mass of bondholders with an asset valuation of €3 million. A 1st rank mortgage in favor of the bank for only €500,000.
* Personal guarantee from Mr. Deltour
The bond contract provides for early redemption if :
* Sale of one of the lots of the chalet
All the documents associated with this fundraising are available in the "documentation" tab.
Amortized semi-annually after a period of 12 months.
Pierre Deltour, 49, Belgian, took over his father's crockery rental company at the age of 24. In 2010, he bought a marquee rental company which he sold in 2015 to devote himself to real estate.
Mrs. Jaspers is Mr. Deltour's ex-wife. She no longer has any role in the company.
Mr. Deltour has completed three transactions at Crest Voland through his company De La Grange Immobilier, which he operates on a rental basis:
Know more about Le chalet des Campanules.
Know more about Le chalet le Cerf Voland.
Balance sheet company De La Grange Immobilier
Income result company De La Grange Immobilier