UXCO Group has acquired a new ECLA residence on the campus of the University of Bordeaux. The operation consists of a Forward funding development, to be carried out by Oceanis Promotion, UXCO Group’s in-house development entity, and Altae, an Eovest Group’s subsidiary.
Located in the heart of Bordeaux's main university district, the future ECLA residence expects to meet the housing needs of over 80,000 students and young professionals residing in the Bordeaux region and its surroundings. With this unique and emblematic project, UXCO Group also solidifies its position as a preferred partner of public academic institutions.
Thanks to its unique ECLA concept, the residence will offer a wide range of premium spaces, services, and amenities to ensure a high-quality living environment for its future residents. Special attention was given to both interior and exterior design, including the conception of a rooftop that serves as a vibrant city-centric communal area for students and young professionals. This project also embodies UXCO Group's "Transforming for Good" initiative, designed by Oceanis Promotion, in compliance with the French ESG RE2020 standard and certified BREEAM Very Good.
Mael Aoustin, Group CEO and President of the UXCO Group Management Board, said, "I am delighted about the signing of this new ECLA coliving residence, in partnership with the University of Bordeaux. This acquisition perfectly exemplifies the solutions required to meet the housing needs of students and young professionals in France. After a back-to-school season in 2023 where our residences are operating with close to 100% occupancy, we are confident in the relevance of our concepts, which are also perfectly suited to the challenges faced by university campuses."
For this operation, UXCO Group was advised by the notary offices C&C Notaires, and the legal firm Gide on the financing. This operation is financed by Societe Generale on the advice of the notary Cheuvreux and legal firm Allen & Overy.