BNP Paribas REIM acquires residential property on behalf of PFA Pension
BNP Paribas REIM France acquired this asset on behalf of PFA Pension as part of a new separate account targeting residential buildings.
BNP Paribas Real Estate Investment Management (REIM) France announced the off-plan acquisition of a residential building located 26-34 avenue Pierre Curie in Saint-Cyr-L’Ecole (78), on behalf of Danish investor PFA Pension.
The asset is a residential building with a total surface area of 2,800 sqm that will be developed by Pitch Immo and delivered during Q4 2024. It will be composed of 47 flats divided on 3 floors with a balanced offer from studios to 5-room apartments to address the needs of young executives and families. The apartments will benefit from great light and many outdoor areas such as balconies, patios and private gardens. 61 parking spaces will be available and two shops located on the ground floor of the building will complete the asset.
The building benefits from an excellent location in the city center of Saint-Cyr-L’Ecole, with a great offer of services nearby – shops, restaurants, banks, pharmacies and schools. It also gives an easy access to public transportation with commuter trains (Transiliens N and U and RER C) and buses only a few minutes away. Surrounded by forests (Bois-d’Arcy and Satory), it offers a rare balance between the city dynamism and green spaces serenity.
In accordance with BNP Paribas REIM’s CSR strategy, the asset is certified NF Habitat, which means it will be exemplary in terms of quality of life, respect of the environment and economic performance.
BNP Paribas REIM France acquired this asset on behalf of PFA Pension as part of a new separate account targeting residential buildings (existing or off-plan acquisitions) in the main cities of France. Other acquisitions are already planned for 2023.