La Française REM is betting on a sale & leaseback co-living residence in Montpellier
La Francaise REM acquired on behalf of the OPCI LF Immo Générations a coliving residence of 3,259 m² located at 954 rue Jean Mermoz in Montpellier. This acquisition is part of a sale & leaseback.
Delivered in 2019, this mixed-use residence in R+4, rented under a long-term lease to The Babel Communityincludes 2,002 m² of coliving space (i.e. 75 lots, ranging from 15 to 30 m²), a 247 m² restaurant, 949 m² of coworking space (120 workstations) and a 60 m² fitness room .
“This is the second residence acquisition of The Babel Community coliving for La Française REM”, remarks Leslie Villattedirector of institutional real estate investments and development – France.
Benoit Jobert, co-founder of the Axis group, which develops The Babel Community residences, said: “We are delighted with the partnership that we have forged with La Française REM and the confidence that this leading investor has shown us by acquiring the walls of a second residence in our portfolio. »
For this operation, La Française REM was advised by the study Go and Associates, Artelia and Reed Smith ; The Babel Community through study Feraud Voglimacci Giannone. This transaction was carried out by CBREexclusive advice from The Babel Community.
