Summary:
- DeA Capital Real Estate, Invesco Real Estate, and Banque des Territoires have jointly acquired two former office buildings in Issy-les-Moulineaux and Boulogne-Billancourt, France, for around €300 million to convert into student accommodation.
- The projects will create approximately 550 new beds in western Île-de-France, managed by specialist operator Camplus, with both residences targeting NF Habitat HQE certification at the Excellent 7-star level.
- The Issy-les-Moulineaux site will be redeveloped from the ground up to house 314 students, while the Boulogne-Billancourt building will be refurbished to accommodate 232 students, with both expected to open for the 2028 academic year.
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