Catella Residential Investment Management has acquired an Elithis ‘energy-positive’ residential tower and attached low-rise building development in the city of Clermont-Ferrand in the Auvergne-Rhône-Alpes region of central France for €29 mln.
The concept designed by the French sustainable engineering Elithis Groupe, at standard market construction costs, includes bioclimatic design, high energy efficiency, on-site energy production and tenant’s energy coaching.
The asset will have 91 apartments, as well as communal social spaces and parking for 62 cars. Renewable energy is produced through a combination of photovoltaic panels on the roof and facades and from biomass in the form of waste wooden pallets.
The bioclimate environment of the apartments is managed party through automation, for example through light sensitive shutters, and by residents through a proptech app, which provides data for temperature control and education on energy efficiency, as well as updates on cost savings and bonus payment accumulation.
Xavier Jongen, managing director at Catella Residential Investment Management, said: 'The latest Elithis development acquisition is the second Elithis project development on behalf of this institutional mandate, after the earlier investment in a similar property in Dijon. It is part of an ambitious Catella programme for our institutional investors that is bringing these world-leading energy-positive buildings to cities across France.'
Thierry Bievre, president of Elithis Groupe, concluded: 'With the launch of this emblematic project for the City of Clermont Ferrand, Elithis is signing its 7th project, the 5th in a row with its partner Catella Residential Investment Management.'
