European investor Greystar has acquired a 650-bed student residence in Puteaux, located in the suburbs of Paris, expanding on its current footprint of 4,710 beds across France’s biggest student cities.
This site has been acquired from Veld Capital and the Freo Group, which commissioned the construction of the building from Nexity and Bouygues Construction. Financial details were not disclosed.
Located close to the universities and schools of Nanterre and La Défense district, the purpose-built student accommodation (PBSA) site was designed by Axel Schoenert Architectes and is due to be delivered in summer 2024, replacing a former office building. The residence has a floor area of 18,800 sqm, and will feature 1,250 sqm of high-quality communal areas and a 164- space car park. The first residents will be welcomed next summer.
Source: https://propertyeu.info/Nieuws/Greystar-picks-up-650-bed-student-facility-in-France/16a29ac3-c508-43fe-b48e-8f0d77ac8ef4, on 14.09.2023