La Française Real Estate Managers acquired a serviced residence for seniors in Villeneuve d'Ascq from Icade (ENXTPA:ICAD) and Groupe Financière Duval on January 25, 2024. The asset, which is expected to be delivered at the end of the first quarter of 2026, will provide 6,200 sq.m. spread over 4 floors and will include 130 housing units, ranging from one to three room apartments. Etude Cheuvreux et Associés and Reed Smith Rambaud Charot LLP acted as legal advisors, Theop acted as advisor to La Française Real Estate Managers in this transaction.

La Française Real Estate Managers completed the acquisition of a serviced residence for seniors in Villeneuve d'Ascq from Icade (ENXTPA:ICAD) and Groupe Financière Duval on January 25, 2024.