Assembly and Eternam have acquired two vacant office buildings in Paris to develop over 500 units of Purpose-Built Student Accommodation, addressing the pressing need for student housing in the region.

Information on the Target

Assembly, a pan-European development platform affiliated with MARK Capital, has partnered with Eternam, a renowned French real estate investment manager, to acquire and transform two vacant office buildings located in Paris' western ring. These properties present substantial opportunities for redevelopment into high-quality Purpose-Built Student Accommodation (PBSA).

The redeveloped assets are expected to yield over 500 units, addressing the critical shortage of student housing in the Paris region. The initiative aligns with Assembly's strategy to repurpose underutilized urban assets into valuable real estate investments.

Industry Overview in France

The French real estate market, particularly in urban locales, has been increasingly focused on adapting to the changing needs of residents and students. The rise in population a