2022-05-12 11:22 CET, France | Press release
A fund advised by J.P. Morgan Asset Management has acquired three residential buildings in the Greater Paris area, two of which are being developed by Emerige and one co-developed by Emerige and Icade. Delivery is scheduled for 2024.
Located in Versailles (78), Ville-d'Avray (92) and in the 15th arrondissement of Paris, the properties represent a total of 167 rental units (13,000 sq.m).
In Versailles, the Franklin Azzi Architecture and Chartier Dalix agencies have imagined "a dialogue between the past and modernity", with four new buildings and five renovated ones - 94 homes in total - within a 1.6 hectare wooded park enclosed by walls, opposite the Madame Élisabeth estate.
In Hauts-de-Seine, Emerige, in association with France Logis, is designing a programme conceived by the architect Anthony Béchu, which offers 38 homes spread over two buildings surrounded by the Fausses-Reposes national forest.
Finally, the Les Ateliers Vaugirard project in the 15th arrondissement of Paris, co-developed with Icade, is based on the restructuring and development of former RATP workshops to provide 131 homes. The first building of 34 homes, acquired by the advised fund, is designed by Ibos and Vitart; the second by the agency Hamonic + Masson & Associés.
All of these programmes are aiming for NF Habitat HQE certification.
Diversification
"This transaction is in line with our portfolio diversification strategy and our strong belief in the residential asset class in connected, green environments close to the capital," says Jean-Philippe Vergnol, Chairman of J.P. Morgan Asset Management Real Estate France. "We have high ambitions for 2022 and are actively looking for other opportunities."
For Christophe Bacqué, Chairman of Emerige Résidentiel, "this is a strategic transaction for Emerige which demonstrates our ability to meet the growing demand from institutional players and establishes the group as a key player in Greater Paris.
"We are delighted to have accompanied J.P. Morgan Asset Management Real Estate France in the acquisition of this portfolio. These assets will offer quality rental accommodation in highly sought-after locations", add Éric Fintz, Gianni Vigezzi and Matthieu Audinet, of Ikory Asset Management.
Source: Business Immo