Acting on behalf of one of its investment funds, Primonial REIM has signed the acquisition of two build-to-rent buildings, located in Massy and Marseille, with Nexity. This transaction is part of the partnership between the developer and Urban Campus, whose architects will design the spaces to optimize them for BTR use.

“After a first successful operation in Saint-Louis, we are proud to extend this partnership with Urban Campus and to have the confidence of Primonial REIM as an investor in this operation,” says Fabrice Aubert, Nexity’s Deputy Managing Director in charge of institutional clients. He adds: “The real estate market is undergoing a major change in usage, which is why we have chosen to make the managed real estate offer a strategic development axis; build-to-rent is one of the major vectors for us.

The Massy Atlantis residence (NF Habitat HQE level excellent, Biodiversity) will be built in co-promotion with Novaxia and will develop 100 units from one to five rooms in a landscaped “quality” block with a shared rooftop. The Marseille development (NF Habitat HQE level, BDM bronze level) will include 75 units from one to five rooms, all with balconies and terraces, both private and shared. They will also feature furnished common areas: game rooms, fitness areas, coworking spaces, etc.

“These two residences will provide all tenants with a quality living environment, in line with new lifestyles and work methods (telecommuting, sharing economy, local roots),” says Maxime Armand, Urban Campus’ COO.

In this transaction, Nexity was advised by 137 Notaires (Mathieu Simon) and Primonial REIM by Lexfair Notaires (Annamaria Brogna) and Ikory Project Services. The marketing was carried out by JLL (Florence Semelin) and Savills (Mathieu Guillebault).

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