Following the unconditional acquisition of an industrial brownfield site funded out of equity, three years of risk assessments and the green light from the Massy local authority, this mixed development scheme became a reality in a fast-changing area of the town.
End of 2014. The CGG Group (leader in geoscience), in the midst of a crisis that was having a major impact on its business, has decided to sell the land of its former head office. A 16,000 m2 industrial wasteland in an area undergoing rapid change, where each new project has an architectural and environmental ambition. Aware of these challenges, our teams acquire, unconditionally and on their own funds, the land for 10 million euros. All that remains to be done is to convince the Town Hall of the first mixed project which, to meet local needs, includes a B&B hotel, a student housing residence and a residential programme of 106 flats sold in Vinci. OK for the City of Massy! That green light vindicated the three years of work already carried out on assessing the technical, official (changes to the Local Development Plan, planning consent, construction permits, etc.) and commercial risks. So, what happened to the rest of the land? It was sold on to Nexity for the construction of around 100 apartments
The student residence, consisting of 114 flats and multiple communal services, is located just a few minutes from Massy town centre, its RER / TGV station and at the foot of the tramway. Ideal for students! (changes to the Local Development Plan, planning consent, construction permits, etc.) and commercial risks. So, what happened to the rest of the land? It was sold on to Nexity for the construction of around 100 apartments.