abrdn has acquired a student and co-living asset in Cergy, Paris, boosting its Living business portfolio to over €10 billion.
Target Information
abrdn has recently acquired a significant student and co-living property located in Cergy, a suburb of Paris. This strategic purchase marks a notable addition to their Living business, which encompasses various residential investment sectors. The asset is positioned to cater to the increasing demand for flexible living spaces among students and young professionals in the region.
With this acquisition, abrdn’s Living business has surpassed the €10 billion threshold in total residential investments, reflecting the company’s robust commitment to expanding its portfolio in the residential real estate market.
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Industry Overview in France
The French residential real estate market, particularly in urban areas, has shown consistent growth, driven by increasing urbanization and a strong demand for housing. The student h
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Disclosed details
Transaction Size: $10,658M