Our conviction We consider the PULSE residence a particularly coherent operation 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 broad rental pool made up of students, work-study trainees, interns, young professionals and employees on professional 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 tertiary hubs of the Lille metropolis. 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 railway 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 University of 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, reinforcing the site’s accessibility for students, teachers, external speakers and young professionals. A complementary economic environment, with the immediate proximity of the La Pilaterie business park, the tertiary hubs of Villeneuve-d’Ascq and Marcq-en-Barœul and the major employment areas of the metropolis. A new residence of 220 furnished units, mostly studios, integrated into a mixed-use real estate project including offices, restaurants, a nursery, coworking and coliving spaces. A building meeting the Passivhaus standard, providing a high level of energy performance, an increasingly differentiating factor in the valuation of a real estate asset. Operation entrusted to GESTETUD, a player specialised in the management of student residences. A firm 9-year commercial lease, concluded from 1 September 2028 to 31 August 2037, offering the investor long-term rental visibility. Annual indexation provided on the ILC, 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 consider PULSE a student residence with solid real estate and rental fundamentals. Its positioning does not rely solely on the proximity of a single campus, but on the entire 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 operation real asset coherence. Studio operated by GESTETUD Commercial lease until 08/ (please use the form to respond ) Deed-signing readiness: Q4 (please use the form to respond ) DAT: Q3 (please use the form to respond ) Yield: 4.24% excl. VAT/excl. VAT (excl. furniture) Fees: SAPHIR Estimated property tax: €15/m² Investment expressed excl. VAT (VAT borne by the developer). RE 2020
