Our conviction Campus Compostelle stands out as a strategic transaction in the student residence market, responding precisely to the student housing crisis affecting Bordeaux Métropole. In a market where managed private stock covers only 6% of needs. The major appeal of the project lies in its hyper-proximity to the region's leading academic hub (Université de Bordeaux, KEDGE, Sciences Po). By combining this land with the strength of a leading developer (Eiffage) and the know-how of a specialised operator (Nemea), the transaction offers perfect clarity, which in our view is one of the main factors securing the investment. The key arguments A strategic location in the heart of the Pessac / Talence / Gradignan campus (avenue de Bardanac), offering quick access: · On foot: Université de Bordeaux (7 min), Kedge BS (8 min), university swimming pool (8 min), CREPS (10 min). · By bike: IUT de Génie Civil & Construction Durable (3 min), Stade Pierre-Paul Bernard (5 min). An exceptional university catchment area within Bordeaux Métropole, bringing together more than 105,000 students (France's 5th-largest higher-education hub outside Île-de-France) and nearly 130 public research bodies. Certified construction quality, compliant with RE2020 environmental standards and holding the NF Habitat HQE certification. A new residence (from T1 to T3), with services and shared spaces suited to students: shared kitchen, coworking, lounge, fitness, laundry and concierge. Built by Eiffage Immobilier, providing the construction guarantee and know-how of a leading national developer. Operation entrusted to Nemea Appart'Etud, a specialist with extensive experience in managing student residences. A firm 9-year commercial lease, giving the investor long-term rental visibility. Annual indexation planned on the ILC (commercial rent index), capped at 1.5% per year, providing a clear and controlled framework for rent changes. Programme ready for deed signing, deliverable for the start of the 2027 academic year Our opinion This Campus Compostelle transaction brings together the fundamental criteria of a successful asset investment: the address, the build quality, the size of the project (157 lots) and the visibility of a firm 9-year lease. More than a simple property investment, Campus Compostelle lets you take a position in one of the tightest student rental markets in France, backed by two top-tier national names Studio operated by NEMEA Commercial lease until 07/ (please use the form to respond ) Deed signing (actabilité): Q4 (please use the form to respond ) Provisional delivery (DAT): Q3 (please use the form to respond ) Yield: 4.56% excl. VAT/excl. VAT (excluding furniture) Fees: SAPHIR Estimated property tax: €15/m² Investment expressed excl. VAT (VAT borne by the developer). RE 2020