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Mixed development schemes

Ivry

Our teams saw this empty site on the banks of the Seine as a ‘missing tooth’ at the gateway to Paris... and an unmissable opportunity! Today, this exceptional location boasts 800 apartments. 

Location
Ivry / 94
Total area
23 483 m²
Product(s)
Mixed development schemes
Unit
726
Rental income
4 500 000€/ 191€ / m²
Market value
102 000 000€ / 4 344€ / m²
Investment horizon
3 years
Architect
Carmen Santana
Acquisition date
may-17
Project delivery
dec-22
Fixed lease duration
12 years

It’s what we call a ‘missing tooth’ in the trade. With the head office of a large company and a cinema for neighbours, not to mention restaurants and famous-name retail brands nearby, 13 quai Marcel-Boyer in Ivry-sur-Seine had nevertheless remained empty. It was really a heresy for a site on the banks of the Seine so close to Paris to have been so neglected. But above all, it was an opportunity not to be missed, which is why we acquired the last three vacant plots between 2017 and 2020, with no certainty of obtaining development or planning permission. Having taken the risk, we had to convince the local authority of the merits of creating a 23,483 m² mixed development scheme, that included 726 apartments. With a student hall of residence, retirement apartments, hotels, offices and an apartment hotel, this development is much more than simply a multifunctional facility; it is a new kind of life space that will come to life to provide accommodation for a thousand residents by the end of 2022. This complex also includes a senior residence ranging from studios to 3-room apartments that can accommodate up to 80 residents, not forgetting the 500 m2 dedicated to services including a family restaurant, a wellness room and a library. All will enjoy breathtaking views and an ambitious architectural bias!

 

Our signature on this project:

The acquisition of three plots of land at a cost of €20 million with no guarantee of development viability, which are now in the process of becoming a destination for the future at the gateway to Paris