Photo for illustration purposes only – Investments do not constitute a commitment to future acquisitions.
La Française Real Estate Managers (REM), acting on behalf of a collective real estate investment vehicle, has acquired off-market a co-living residence for seniors, located at 13 Avenue du Général Leclerc in Choisy-le-Roi (94). The property is operated by Chez Jeannette, under a 12-year lease.
The property is situated in the city center, near the town hall and its park, in a neighborhood well-serviced by public transportation (RER C, Choisy-le-Roi station; T9, Rouget de Lisle station). The property is close to a variety of medical facilities: the medical care and rehabilitation clinic of Choisy-le-Roi, 280 meters away; a nurse’s office, 400 meters away; a pharmacy, 350 meters away.
The acquisition involves a townhouse built at the end of the 19th century. It consists of a main building and two pavilions extending from the right and left wings. With its 300 m² south-facing garden, the home offers three upper floors (R+3). It will be converted into shared senior housing (total surface area of 538 m² Carrez) with services (a house master and living aids), capable of accommodating 12 residents (11 rooms with bathrooms in the main building and 1 independent apartment in the left wing). Renovations to convert the space, which include thermal interior and exterior insulation, non-toxic interior paint and flooring and rainwater collection, and achieve good energy performance are financed by the buyer.
The Chez Jeannette concept is a new way of caring for the elderly, by offering an alternative to existing solutions to support seniors who are losing their autonomy and by developing a shared and supervised housing model. The goal of Chez Jeannette is to provide support services, create social ties and develop a home living environment.
Jérôme VALADE, Director of La Française REM’s Healthcare Real Estate Division, concluded: “ This rehabilitation project involves restorations and improvements that will enhance the environmental performance of the property. We are delighted to renew this transformation experience alongside Chez Jeannette, an operator with whom we share a common vision of senior care giving.”
For this acquisition, La Française REM was advised by 14 PYRAMIDES (Me Louise Bonnet-Kinget), ARCHERS (Me Marlène Benoist Jaeger), NERCO (Florence Gilg) and the teams of Wüest Partner.
About La Française
La Française offers conviction-based management that combines performance targets and sustainability objectives across all asset classes. Organized by specialty, our portfolio managers focus on what passions them most within their own area of expertise.
Our shareholder, Crédit Mutuel Alliance Fédérale, a mutualist group and the first bank to adopt the «benefit corporation» status, is at the very root of our commitment to responsible investing. Our teams have developed cutting edge expertise across many facets of ESG, an expertise that is integrated across all of our business activities and analyses.
Our approach to customer relationships, considered partnerships, and the creativity of our teams who place the client first enable us to develop innovative solutions and services tailored to your investments needs and time horizons.
La Française is the asset management business line of Crédit Mutuel Alliance Fédérale. With 157 billion euros in assets under management (31/12/2024), we are a major player in the asset management landscape, in France and Europe. With over 1 000 employees, we are active in 10 countries, working alongside our client base and ensuring proximity with those markets in which we invest. Our niche areas of expertise cover listed and unlisted assets, including real estate.
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Contact La Française:
La Française
Pascale Cheynet: +33 1 43 12 64 25 | pcheynet@la-francaise.com
Debbie Marty: +33 1 44 56 42 24 | debmarty@la-francaise.com
Disclaimer
Issued by La Française Finance Services, whose registered office is located at 128 boulevard Raspail, 75006 Paris, France. It is regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) as an investment service provider under number 18673 X, a subsidiary of La Française.
Portfolio Management Company La Française Real Estate Managers received AMF approval No. GP-07000038 dated 26 June 2007 and AIFM authorization dated 24/06/2014 under Directive 2011/61/EU (www.amf-france.org).