Hines European Core Fund (HECF) acquired the France Metropoles Portfolio, a build to rent development portfolio made of eight assets representing a total of 500 apartments and 30,000 square meters located in Greater Paris Area and the Region.
The portfolio is comprised of the following:
Clamart (Paris Region) - 3,570 square meters
Le-Plessis-Robinson (Paris Region) - 1,777 square meters
Juvisy-sur-Orge (Paris Region) 3,740 square meters
Chelles (Paris Region) - 4,683 square meters
Sartrouville (Paris Region) - 2,527 sqm
Aix-en-Provence - 2,710 square meters
Toulouse - 7,035 square meters
Tours - 3,717 square meters
Delivery date for the projects are estimated for Q2 2023 to Q4 2024.