Our conviction Campus Compostelle stands out as a strategic operation in the student residence market: it responds precisely to the student housing crisis affecting Bordeaux Métropole, in a market where managed private stock covers only 6% of needs. The project's major interest lies in its close proximity to the leading regional academic hub (University of Bordeaux, KEDGE, Sciences Po). By combining this land with the strength of a major developer (Eiffage) and the know-how of a specialised operator (Nemea), the operation offers, in our view, perfect legibility, one of the main factors in securing the investment. The leading arguments A strategic location in the heart of the Pessac / Talence / Gradignan campus (avenue de Bardanac), with quick access: · On foot: University of Bordeaux (7 min), Kedge BS (8 min), university swimming pool (8 min), CREPS (10 min). · By bike: IUT of Civil Engineering & Sustainable Construction (3 min), Pierre-Paul Bernard stadium (5 min). An exceptional university catchment within Bordeaux Métropole, bringing together more than 105,000 students (the 5th higher-education hub in France outside Île-de-France) and nearly 130 public research structures. Certified build quality, compliant with RE2020 environmental standards and holding NF Habitat HQE certification. A new-build residence (from T1 to T3), with services and shared spaces adapted to students: shared kitchen, coworking, lounge, gym, laundry and concierge service. Delivered by Eiffage Immobilier, providing the construction guarantee and the know-how of a major national developer. Operation entrusted to Nemea Appart'Etud, a specialised operator with extensive experience in managing student residences. A firm 9-year commercial lease, offering the investor long-term rental visibility. Annual indexation planned on the ILC index, capped at 1.5% per year, providing a clear and controlled framework for rent changes. Programme to be delivered for the 2027 academic year. Our view This Campus Compostelle operation brings together the fundamental criteria of a successful wealth investment: the address, the build quality, the scale of the project (157 lots) and the visibility of a firm 9-year lease. More than a simple property placement, Campus Compostelle allows a position in one of France's tightest student rental markets, backed by two leading national names. Studio operated by NEMEA Commercial lease until 07/ (please use the form to respond ) Actabilité: T4 (please use the form to respond ) DAT: T3 (please use the form to respond ) Yield: 4.56% excl. VAT / excl. VAT (excluding furniture) Fees: SAPHIR Estimated property tax: EUR 15/m² Investment expressed excl. VAT (VAT borne by the developer). RE 2020