Greystar has acquired land for a student housing development in Ivry-sur-Seine, in the Paris suburbs, as part of its pan-European residential strategy.
Construction of the 310-bed, 18-storey building, designed by Parisian architects Brenac & Gonzalez & Associés, will begin this September with completion scheduled for late 2025. The accommodation will comprise a total floor area of 8,300sqm, including 550sqm of communal areas. Residents will also have access to a rooftop.
Greystar management said Ivry-sur-Seine has a “constantly expanding and diversifying range of housing for students, young professionals and families”.
The development will be part of the ZAC Gagarine-Truillot urban redevelopment project, where Hibana is building a new engineering school. The site is close to the RER C and metro line 7 providing easy access to central Paris.
Thomas Charvet, managing director at Greystar France, said: “We are very proud to have completed this transaction as part of our pan-European residential strategy, which is gaining exposure to the French market for the first time.
“Being part of an ambitious urban redevelopment project, the location of the building and its proximity to Paris, as well as the dynamism of the town of Ivry-sur-Seine, all contributed to our investment decision. This first acquisition fits perfectly with Greystar’s strategy in France, where we fully intend to pursue our development.”
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