Rationale and achievements
Opportunity to acquire two adjacent stone Haussmannian buildings located in a highly valued residential environment, particularly sought after by families in the 17th arrondissement of Paris. The complex is approximately 70% let at acquisition and presents several opportunities for value creation.
The construction of additional apartments in the historic service rooms’ area, the division of larger, 200 sqm plus, apartments into 2 separate smaller and more liquid ones and the lease-up of vacant units.
STAM will seek to increase the occupancy of the whole asset and to benefit from a resilient cash flow while actively managing the rent roll.