BNP Paribas REIM buys off-plan resi asset in Bordeaux
BNP Paribas Real Estate Investment Management France announced yesterday it has acquired an off-plan residential asset in Bordeaux, which will have 55 apartments of various sizes divided between two buildings.
The 3,800 sqm asset, that will be delivered in Q3 2024, has a range of apartments from studio to five rooms to address the needs of young professionals as well as families. The flats will have outdoor areas like balconies and patios and there will be three shops on the ground floor of the building.
“We are very pleased to add a premium asset to this residential portfolio”, said Guillaume Delattre, CIO, BNP Paribas REIM France, Belgium, Luxembourg, Spain and Portugal. “This transaction highlights our ability to deliver custom-made solutions to match our clients’ needs and our commitment to facilitate access to the living sector. We look forward to new transactions in the near future”.
The building is located at 341 boulevard Jean-Jacques Bosc, in the Euratlantique area of Bordeaux, with various shops and schools within walking distance. It faces the Brascassat public garden that has a children’s playground and sports facilities. The tramway line C connects to the main train station and to Bordeeaux city centre in a few minutes.
In accordance with BNP Paribas REIM’s CSR strategy, the asset is certified NF Habitat Excellent (9 stars), which means it will be exemplary in terms of quality of life, respect of the environment and economic performance.
BNP Paribas REIM France acquires this asset on behalf of Danish investor PFA Pension as part of a new separate account targeting residential buildings in the main cities of France. It follows a first acquisition announced in March of an off-plan residential asset in Saint-Cyr-L’Ecole .
BNP Paribas REIM, a business line of BNP Paribas Real Estate, provides a wide range of real estate funds and investment solutions for investors with a European focus. It manages assets for over 230 institutional investors and over 140,000 private investors. It currently manages €29.7 billion of assets in the living sectors in Europe.
