Irish Life Investment Managers (ILIM) has added a 144-unit student residence in France to its portfolio.
Aberdeen Investments, on behalf of the Irish investor, has acquired The Place student residence in Suresnes, Paris from Cardinal Promotion for an unspecified amount.
The acquisition is the sixth investment made for ILIM’s pan-European multi-sector property strategy.
The transaction also marks the fourth collaboration between Aberdeen Investments and Cardinal Promotion.
Previous projects include the late-2024 delivery of a mixed-use real estate complex in the Grand Centre of Cergy-Pontoise, comprising over 22,600sqm of residential, student, and co-living accommodation, retail spaces and parking facilities.
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