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PriceHubble advises in'li and Axa IM on biggest residential transaction of the year

Published by Igor Omarov - 4 August 2020
Axa IM x in'li

PriceHubble, the startup specializing in big data and artificial intelligence for real estate markets, supported in'li and Axa Investment Managers for one of the largest European residential real estate transactions of the year.

in'li, Action Logement Group’s subsidiary dedicated to intermediate housing in Ile-de-France and AXA Investment Managers - Real Assets ("AXA IM - Real Assets"), one of the world leaders in 'real assets' investment and the leader in portfolio management and real estate assets in Europe, announced a long-term strategic partnership and the creation of a development property company intended to build nearly 20,000 new intermediate housing units in Ile-de-France within 10 years. Rental data for both parties was provided by PriceHubble.

As Loeiz Bourdic, Director of PriceHubble France explains, “in less than 48 hours we carried out an analysis of the entire portfolio, with an estimate of the market rent including charges and excluding charges, taking into account the specific characteristics of each building and each property (surface area, number of rooms, floor, exterior spaces, year of construction, condition, etc.). ”

To go beyond the market rent valuation, the parties have benefited from digital market studies to deepen the analysis of each typology: analysis of all market comparables, dynamics in the area, days on the market, as well as the environment of the property (building permits delivered in the area, socio-economic analysis, schools, health, transport, etc.). This in-depth analysis made it possible to provide not only an ultra-detailed and up-to-date view of the market in record time, but also a 360° view of the urban environment for each asset” concludes Loeiz Bourdic.

In'li will retain a 25% stake in the development real estate thus created which will be contributed around 5,800 existing housing units (61 assets) and 4,000 new housing units (82 assets) under development, ultimately financed by the property company as part of the transaction. With an annual production target of 1,500 housing units, the property company aims to have more than 25,000 housing units by 2030.

The property's assets will be managed by in'li through its property administration subsidiary in'li Property Management and leased primarily to employees of companies with more than 10 employees. AXA IM - Real Assets will provide asset and fund management.

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