Former Primonial Reim duo launches property boutique

Former head of Asset Management and Acquisitions at Primonial Reim Jean-Baptiste Pracca and Laurent Delautre, who was responsible for commercial properties at Primonial Reim, have partnered with Primonial group to launch property boutique Mata Capital.

The new company will focus on asset management and structuring activities primarily for international and French institutional clients.

Its investment strategy will aim to the creation of value and will complete Primonial Reim’s core funds.

Pracca, managing partner of Mata Capital, said the firm has set a target of €500m to €1bn of assets under management in five years. Mata Capital’s first property fund will be available early November.

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