Our conviction We regard the PULSE residence as a particularly coherent transaction in the managed student residence market of the European Metropolis of Lille. Beyond its location in Villeneuve-d’Ascq, the appeal of this residence lies in its ability to address a wide rental pool made up of students, work-study trainees, interns, young professionals and employees on work assignments. Its location, just 250 metres from the Les Prés – Edgard Pisani metro station, gives it a fast connection to the major university, economic and service-sector hubs of the Lille metropolitan area. In our view, this market depth is one of the main factors securing rental demand. The key arguments A strategic location in the heart of the European Metropolis of Lille, in a dynamic and well-connected area, between Villeneuve-d’Ascq, Lille, Marcq-en-Barœul and La Pilaterie. Immediate access to metro line 2, with the Les Prés – Edgard Pisani station about 250 metres from the residence, allowing quick access to the main higher-education hubs and the Lille train stations. An exceptional university catchment area, with nearly 70,000 students reachable in under 20 minutes from the residence, thanks to the proximity of the Université de Lille, EDHEC, IÉSEG, SKEMA, Centrale Lille, Polytech Lille and IMT Nord Europe. A fast connection to Lille's two TGV stations, Lille-Flandres and Lille-Europe, improving access to the site for students, teachers, external speakers and young professionals. A complementary economic environment, right next to the La Pilaterie business park, the service-sector hubs of Villeneuve-d’Ascq and Marcq-en-Barœul and the large employment areas of the metropolis. A new residence of 220 furnished units, mostly studios, integrated into a mixed property project including offices, restaurants, a nursery, coworking and coliving spaces. Construction meeting the Passivhaus standard, providing a high level of energy performance, an increasingly differentiating factor in the valuation of a property asset. Operation entrusted to GESTETUD, a specialist in managing student residences. A firm 9-year commercial lease, concluded from 1 September 2028 to 31 August 2037, giving the investor long-term rental visibility. Annual indexation planned on the ILC (commercial rent index), capped at 2% per year, providing a clear and controlled framework for rent changes. Link to a virtual model: (please use the form to respond ) Our opinion We regard PULSE as a student residence with solid property and rental fundamentals. Its positioning does not rely solely on the proximity of a single campus but on the whole university and economic catchment area of the Lille metropolis. This diversification of demand is an important differentiating factor. The combination of a well-connected location, a significant number of students nearby, a dense economic environment, an energy-efficient new building and a firm 9-year commercial lease gives this transaction real asset coherence. Studio operated by GESTETUD Commercial lease until 08/ (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: 4.24% excl. VAT/excl. VAT (excluding furniture) Fees: SAPHIR Estimated property tax: €15/m² Investment expressed excl. VAT (VAT borne by the developer). RE 2020
