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Transactions - MAY 13, 2019

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AI European fund makes first deal

by Released

Smart Estate Fund 1 SCSp, managed by Edmond De Rothschild Private Equity, has acquired its first asset, an office building in Levallois-Perret, France, a neighboring municipality of Paris.

The Edmond de Rothschild group and its subsidiary, OROX Asset Management, focus on new real estate trends in continental Europe, which address the technological, demographic and environmental challenges within this sector.

Smart Estate Fund 1 SCSp partly uses artificial intelligence to identify the most attractive investment opportunities in key European cities

The algorithm designed to analyze systematically complex market conditions and evolutions was developed exclusively for Smart Estate by the Swiss-based FinTech AAAccell, a spin-off from the University of Zurich. The derived analysis, based on more than 8,000 economic, urban, social and financial variables, are then merged into dynamic algorithms. The use of artificial intelligence, combined with traditional research and

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