Nexity and Urban Campus announce the signature of their first Build-to-Rent (BTR) transaction on the French market in Saint-Louis (68), on behalf of a fund managed by Swiss Life Asset Managers France. This new Promotion-Management-Investment model opens up new avenues for the residential market in the regions and in Paris.
Nexity and Urban Campus have chosen Saint-Louis (68) – an economically dynamic area with a rental market in transition with strong environmental ambitions – to set up their first Build-to-Rent (BTR) operation in an area that is particularly well served by public transport. Not very known within the French market, this residential model proposes a “multi-family” rental offer specifically developed to meet the needs of tenants in a given area. Handled by a single operator, the management and animation of the building enrich the daily life of the residents within a budget.
Swiss Life AM, which acquired the property on behalf of one of its funds under management, emphasized various aspects: the user-centered approach and the societal approach as the BTR responds to changes in society and to evolving lifestyles. As well as the environmental approach: The E+C- certified building is part of Swiss Life Asset Managers France’s responsible investment strategy. Finally, the Nexity – Urban Campus partnership allows for an integrated “Development-Management” approach.
“We are very proud of this first operation with Urban Campus and Swiss Life Asset Managers France in the BTR segment, a virtuous concept that promises an improved rental experience for investors and tenants. It’s also a new way of putting our know-how and our environmental commitment at the service of life together,” explains Fabrice Aubert, Nexity’s Deputy Managing Director in charge of Institutional Clients. “Thanks to the complementary nature of our activities and our knowledge of the regions, we are today the only player able to offer an integrated solution for carrying out and managing the operation,” adds Stéphane Dalliet, Managing Director of Nexity Immobilier Résidentiel.
“In the continuity of coliving, the BTR offers a fascinating rental experience for a large number of people, especially for families. With well-designed private spaces, high value-added services, common areas, and above all the many advantages of what it means to live together. This first project with Nexity and Swiss Life Asset Managers France demonstrates Urban Campus’ ambition to transform the residential market,” said Maxime Armand, COO, and Co-founder of Urban Campus.
The 106-unit residence, ranging from one- to five-bedroom units, will offer shared spaces such as a gym, a multifunctional living area, a terrace, a laundry room, and many additional services. By 2025, it will represent a real quality rental alternative in the area.
Nexity, Life Together
With more than 8,000 employees and sales of 4.6 billion euros in 2021, Nexity, France’s leading integrated real estate group, is present throughout the country and operates in all areas of development and services. Their service platform enables them to meet all the needs of their customers, individuals, companies, institutions and local authorities. Their purpose, “living together”, reflects Nexitys’ commitment to creating sustainable spaces, neighborhoods, and cities for individuals, enabling them to forge and rebuild ties.
Nexity has been ranked, for the third year in a row, as the number one project manager by the Low Carbon Building Association (BBCA), a member of the Bloomberg Gender-Equality Index (GEI), and Best Workplaces 2021.
Nexity is listed on the SRD, Compartment A of Euronext and the SBF 120.
Founded in Paris in 2016 by John van Oost and Maxime Armand, Urban Campus is one of the leaders of Coliving in Europe. The company pairs Coliving and BTR real estate projects from their conception, and then operates them through long-term management mandates. Urban Campus develops its own smart building technologies and applications to offer tenants a 360° residential service.
The company operates 5 residences in Spain and plans to open 30 additional residences in Europe over the next 5 years, in France, Spain, Portugal, and Italy.