Paris – Hines, the global real estate investor, developer and property manager, today announces the commencement of two large-scale student living projects in Paris, France.
The first is Liberté 1, a 26,500 square metres office building in Charenton-Le-Pont acquired from Covivio by the Hines European Real Estate Partners III (HEREP III) fund, which Hines plans to transform into a multi-use residential complex including 650 student beds.
The second sees Hines reveal plans for another 650-bed investment, this time on behalf of the Hines European Value Fund 2 (HEVF 2), via a 17,000 square metres complex located west of Paris in Hauts-de-Seine under the French ‘vente en l’état futur d’achèvement’ (« VEFA ») or ‘off plan’ process.
Source: press release sent on the 7th of March, 2024