Base Commune

Base Commune is a socially responsible real estate cooperative, with ESUS accreditation (Social Utility Solidarity Enterprise), dedicated to combating urban devitalization and real estate speculation by purchasing ground-floors spaces for socially beneficial uses. Founded in 2021, this cooperative stems from two well-established and committed organizations in the fields of urban planning and real estate: Plateau Urbain and Le Sens de la Ville. Practically, the cooperative acquires ground-floor spaces at prices up to 50% lower than market value to offer its occupants affordable, solidarity-based rents—up to three times cheaper than the market rate. These ground-floor spaces are intended to be mixed-use areas, open to the neighborhood and accessible for a variety of activities: Social and Solidarity Economy (SSE), independent businesses, services, craft and cultural activities, associations and solidarity projects, such as a community café, a homework help association, or a local food network. These activities, which have a significant local impact, are often excluded from the traditional real estate market due to high land prices. However, Base Commune aims to go beyond the role of a simple real estate cooperative by not only supporting their occupants in their development but also by animating these spaces and the surrounding neighborhood, much like horizontal third places, through a site manager for each location. With over €345,000 in revenue in 2023, Base Commune is now seeking funding through LITA.co to finance the first three operations already under contract (in Paris and Malakoff) and two others in Lyon. The cooperative is conducting an initial fundraising round of €2.5 million from various stakeholders, including a major public institutional financier, France Active, Plateau Urbain, and LITA.co, which is reserved a €350,000 share. The funding will also be supplemented by bank debt, which is already well underway.

Join us in supporting a new real estate player serving the Social and Solidarity Economy by investing in Base Commune!