Development targeted towards growing student market Great returns available through leaseback structure notary fees are offered on the 1 bed apartments until the 30th of June Personal usage includes two weeks in summer Management Company achieves 98% occupancy rates Fantastic location in 13th arrondissement on Avenue de Choisy 100m from Porte du Choisy Metro station Guaranteed returns up to 4% VAT rebate available on purchase Studio and 1 bedroom apartments â€‹Palatino is a brand…
Development targeted towards growing student market
Great returns available through leaseback structure
notary fees are offered on the 1 bed apartments until the 30th of June
Personal usage includes two weeks in summer
Management Company achieves 98% occupancy rates
Fantastic location in 13th arrondissement on Avenue de Choisy
100m from Porte du Choisy Metro station
Guaranteed returns up to 4%
VAT rebate available on purchase
Studio and 1 bedroom apartments
â€‹Palatino is a brand new development in central Paris by the well-known French developer Terresens. Enjoying a fantastic location in the 13th arrondissement, this design-led new project is being created to accommodate the growing student population in this part of Paris. Both leaseback and classic ownership properties are available at Palatino, with the leaseback units providing fantastic guaranteed rental returns of up to 4% which are supported by increasing demand for student rental property.
Paris was recently voted as the best city in the world for students. The study by QS, a leading global career and education network, looked at everything from the quality of education to the affordability of the city. Over 17% of Paris’ students are foreign based and the international demand commands an important part of this fluid market. Two of Paris’ universities are also to receive a share of the €35.5 billion investment into the country’s education infrastructure and other national services.
The location of Palantino offers great access to immediate facilities and transport links. The nearest metro station, Porte du Choisy, is just 100m away with many bus routes also close by, making all of Paris’ universities extremely accessible. This brand new student residence will also enjoy close proximity to many shops, restaurants and cafés. International destinations are also accessible with direct rail links to London, Amsterdam, Brussels, as well as the second largest European airport, Paris Charles de Gaulle.
The properties available at Palantino will have been divided into leaseback and classic ownership. The leaseback properties with guaranteed rental returns come with full property management, which also come with a VAT rebate.
All the apartments high standards and services provided by the developer, such as stratified wooden floor, fully equipped kitchens, high ceilings of 2.70 meters and private underground parking. The building will also be built as an eco-residence and will consume very low energy. All the one and two bedroom apartments have been designed to welcome students in the best possible way and also offer amazing views over the city skyline.
THE DEVELOPER AND MANAGEMENT COMPANY
To ensure highly efficient management of these student residences, the developer Terresens has created a new partnership with Groupe Fac-Habitat and its sister company Loc-Habitat, which is dedicated to the private sector for student rentals. These highly experience management companies are experts in their field and are today in charge of more than 4500 units which achieve occupation rates of a staggering 98%!
The 13th arrondissement of central Paris is a vibrant residential and business district within the southeastern part of the central city limits. Lying on the south western bank of the river Seine, the 13th district is home to several attractions of interest including the recently-completed Bibliothèque Nationale de France (National Library), now part of a major new development of the Paris Rive Gauche district, the second large-scale urbanism project inside the city of Paris. The southern part of the 13th arrondissement is the “China town” of Paris, which many believe to be the biggest china town in Europe.
Please contact us for brochure, availability and all the financials.