La Française Real Estate Managers (REM), a real estate asset management company with €31 billion in assets under management (30/11/2022), has signed a forward purchase agreement for a senior housing unit of nearly 5,500 m2, located at 4 rue Dejean in Amiens, also known as the “Little Venice of the North". This investment is part of a separate account mandate granted by a Danish institutional investor to La Française REM.

The project, co-developed by Groupe Duval and Vinci Immobilier, involves a senior housing unit (ground floor + 5) composed of 123 apartments, ranging from studios to three-room apartments, and provides a common area of 831 m2 and bicycle storage. Delivery is scheduled for December 2024. The residence, which is built in a "U" shape around a green space, will offer – for a competitive monthly rent – a wide range of services, including 24-hour surveillance, fall detection systems, a daily activity programme, hairdresser, gym, fitness centre, etc. The residence will deliver good energy and environmental performance with the BIODIVERSITY and INTAIRIEUR labels as well as a connection to the district heating network.

Ideally located a few minutes walk from all basic amenities and the train station, the residence has been 100% pre-let to Happy Senior (Groupe Duval) under a long-term lease.

Leslie Villatte, Director of Institutional Real Estate Investments and Development – France of La Française Real Estate Managers – Institutional Division, concluded: “This new senior housing unit completes the portfolio of our long-standing institutional investor. The limited supply of senior housing units coupled with competitive pricing will support the occupancy rate of the residence and contribute to the valuation of the asset."

For this operation, La Française REM was advised by Lexfair (Virginie Blanc), Reed Smith (Carole Steimlé) and Egis.