Hines secures first B2R residential project in France

Hines has acquired a 30,000-square-meter (322,917-square-foot) portfolio of eight prime sites in France, across Paris and key regional cities, to develop a series of build-to-rent (B2R) residential schemes, on behalf of the Hines Pan-European Core Fund (HECF).

“This acquisition marks our first foray into the B2R sector in France and builds on our other recent successful transactions,” said Xavier Musseau, senior managing director and country head of France at Hines. “We’re excited to be entering the burgeoning living sector and have a strong team on the ground in France. In addition, we’re delighted to be partnering with one of the country’s best known and highest regarded residential developers in Kaufmann & Broad to deliver these exciting projects.”

In total, the sites will provide 500 units of high-quality living space across five prime locations in Paris and three regional cities in France. The assets are located in undersupplied residential marke