Gecina has acquired an off-plan student residence from Icade Promotion and the higher education group Ynov in Ivry-sur-Seine, Paris for €41 mln.
Designed by the architects RRC Architectes and Pierre Raoux, the student residence will be NF Habitat HQE Excellent certified and offer 367 beds and almost 450 m2 of communal areas.
With a student residence portfolio of over €307 mln at end-June, Gecina said it was continuing to develop its subsidiary Campuséa. With a pipeline of almost €100 mln of projects under development, it will be able to offer nearly 3,700 beds by 2021.
The Ivry-sur-Seine residence is scheduled to open for the start of the 2021 academic year and is part of a campus for a future school that will be operated by the Ynov group, specialised in the digital, cinema and audiovisual sectors.
Gecina was advised by notary Wargny Katz.
