La Française Real Estate Managers (REM) has acquired a coliving residence for seniors in France for an unspecified amount.

The 19th century private hotel, the former home of the painter Dunoyer de Segonzac, was acquired for a collective real estate investment vehicle.

It is located at 9 Avenue Sainte Marie in Chaville and operated by Chez Jeannette under a 12-year lease.

The asset offers a surface area of 310sqm spread over four levels and will be transformed into shared senior housing with services, which can accommodate eight residents, La Française REM said.

Jérôme Valade, director of La Française REM’s healthcare real estate division, said: “The ageing of the population combined with longer life expectancy is a long-term trend observed throughout Europe. It is naturally accompanied by growth in the demand for assets in line with new uses, including coliving assets for seniors.

“This is La Française Real Estate Managers’ first investment in a coliving asset dedicated to seniors and we are pleased to have permitted the opening of a new site operated by Chez Jeannette, whose founding values are perfectly compatible with our investment strategy.”

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