AnaCap Financial Partners (“AnaCap”) and FREO Group (“FREO”) have secured planning consent to reposition a vacant 11,000 sq m office building in Puteaux, Paris into a new 645-bed student accommodation and co-living development.
AnaCap and FREO first acquired the office building, which is located in the western suburbs of Paris, from CRPN in May 2021. Since then, they have worked closely with the municipality, the developer Nexity, and the architect, Axel Schoenert, to create and develop plans for high-quality student housing that meet some of the highest ESG standards and certifications.
The development will offer more than 2,000 sqm of common areas, including a lobby, cafeteria, fitness club, living rooms and workspaces. These facilities will sit alongside accessible terraces with planted areas and gardens.
The building will benefit from an excellent location near La Défense, a major business district that is home to several university campuses as well as the largest transportation hub for the wider Paris region. It is also close to the local amenities offered in downtown Puteaux.
The partnership intends to operate the residence directly under the Hackasi brand and delivery is expected in Q4 2024.
Source : Joint release