Our conviction We consider the Les Jardins d’Arcadie residence in Arras an operation with real coherence in the senior services residence market. Its appeal rests on the combination of a city-centre location, a rehabilitated heritage building and an offer of homes and services designed to preserve residents' independence. Set in the former Couvent des Augustines, rue Pasteur, the residence benefits from the proximity of shops, services and places of life in the historic centre. In our view, this location is a decisive asset: it allows residents to keep their habits, make getting around easier and maintain an active social life. For the investor, this quality of use gives meaning to the real estate positioning of the operation, complemented by operation under the Les Jardins d’Arcadie banner and a commercial lease with a firm term of ten years. The key arguments A location in the heart of the historic centre of Arras, at 13 rue Pasteur, close to shops, restaurants and services, allowing residents to enjoy a practical and independent daily life. A lively living environment, close to the Grand’Place and the Place des Héros, which encourages outings and exchanges, beyond the activities offered within the residence. A TGV station within walking distance, making travel and visits from loved ones easier, a valuable factor in maintaining family ties. A rehabilitated heritage complex in the former Couvent des Augustines, combining the architectural character of the site with homes adapted to contemporary use. This identity is a differentiating element in the local residential offer. A residence of 103 units covered by the lease, with a marketed offer of T2 and T3 units from 47.10 to 75.60 m², meeting the expectations of single people and couples wishing to keep a real living space. Furnished and equipped apartments, complemented by convivial and leisure areas: TV area and library, gym, beauty area, gardens and cloister. These facilities contribute to the pleasantness of the stay and to residents' social life. Operation entrusted to the company Les Jardins d’Arcadie Exploitation, allowing the owner to delegate the day-to-day management of the unit and the reception of residents. A commercial lease with a firm term of ten years from its effective date, offering the investor a long-term contractual horizon. An announced yield of 4.20% excl. VAT/excl. VAT, calculated on the overall price excl. VAT including property, furniture and, where applicable, parking, before charges and taxation specific to the investor. Rents payable quarterly in arrears, with annual indexation based on the IRL under the tiered mechanism provided for in the lease. The operator bears routine maintenance, upkeep and necessary replacement of the furniture, as well as the co-ownership charges provided for in the contract, making the investment easier to manage. Our opinion We consider Les Jardins d’Arcadie in Arras a residence whose asset value rests above all on the quality of its location and its fit with seniors' expectations. The proximity of amenities, the areas offered and the shared spaces form a coherent whole for residents wishing to combine independence, comfort and conviviality. The combination of a rehabilitated asset in the town centre, specialised operation and a ten-year rental commitment constitutes, in our view, a relevant positioning for an investor seeking a real estate asset with character and delegated management. Studio operated by Gestetud Commercial lease until 07/ (please use the form to respond ) Deed-signing readiness: Q3 (please use the form to respond ) DAT: Q3 (please use the form to respond ) Yield: 4.20% excl. VAT/excl. VAT Fees: SAPHIR Estimated property tax: €15/m² Investment expressed excl. VAT (VAT borne by the developer). RE 2020
