La Française adds Lille project to senior housing portfolio

La Française Real Estate Managers has acquired a serviced residence for seniors. The residence, which is located in Villeneuve d’Ascq, on the outskirts of Lille, was acquired off-market from Icade and Groupe Duval.

The asset was acquired on behalf of Crédit Mutuel Nord Europe and its real estate investment company.

The residence has access to medical and commercial amenities as well as the city’s cultural offer. The asset, which is expected to be completed at the end of the first quarter of 2026, will provide 6,200 sq m on four floors and will include 130 one to three room apartments. Amenities will include a dining room, fitness room, hairdresser, multimedia lounge and environmentally friendly garden. The residence will be operated by Groupe Duval’s Happy Senior brand on a long-term lease. Happy Senior Residences provide day-to-day services and support for independent, healthy seniors.

NF Habitat HQE Niveau Très Performant certification will be sought which attests to the quality of the housing. Facilities will include a solar hot water production facility.

La Francaise REM’s director of institutional real estate investment and development Leslie Villatte said the asset is “perfectly in line with La Française Real Estate Managers’ sustainable approach and presents all the fundamentals necessary to preserve its value over time.”

La Française REM was advised by Cheuvreux, Reed Smith and Theop.

Author: Paul Strohm