Fairway advised Primonial REIM and Pro BTP in their association with in’li (Action Logement group), and MIDI 2i to form a strategic partnership for the acquisition and development of intermediate housing in the most central areas of Grand Paris.
The first phase, already secured and signed on September 30, concerns the acquisition of a portfolio of nine existing buildings representing 330 housing units and three shops located in the heart of Grand Paris (Paris 13, Courbevoie, Montrouge and Sèvres) for a surface area of nearly 23,000 sq.m.
The second phase involves the development of five buildings comprising intermediate housing units,for moderate-income households. These future assets located in Grand Paris (Le Vésinet, Puteaux and Asnières-sur-Seine) will comprise 336 housing units spread over nearly 20,000 sq.m.
Finally, the last phase, which is a continuation of the collaboration between Primonial REIM, in’li PRO BTP and MIDI 2i and initiated by these first two phases, aims to expand the intermediate residential portfolio managed by Primonial REIM. The residences to be developed will be identified by in’li which will ensure the assistance to the owner, they will be validated on the basis of a grid of acquisition criteria defined by Primonial REIM which will ensure the asset and the fund management. In’li will be in charge of the property management of the whole portfolio through its property administration subsidiary, in’li Property Management.