Eiffage Immobilier & Nuveen: New Student Residence in [Location – add if known]

Eiffage Immobilier and international investor Nuveen have signed a Vefa (vente en l’état futur d’achèvement, or sale off-plan) agreement for a 273-room student residence located at 47-57 avenue de la République, in Bagnolet, France. The agreement was signed on April 29, 2026, according to a press release from Business Immo.

The project represents a collaboration between Eiffage Immobilier and Nuveen, with Nuveen acting as the investor. The residence is intended to address the demand for student housing in the Bagnolet area, which is located near Paris.

Eiffage Immobilier’s Recent Student Housing Projects

This agreement follows Eiffage Immobilier’s delivery of the “Les Belles Années” student residence in Chevilly-Larue on October 11, 2021. That residence contains 203 rooms and is part of a larger development zone, the Triangle des Meuniers, managed by the EPA ORSA. The Chevilly-Larue project also includes 55 apartments for first-time buyers and 83 intermediate apartments, with the latter slated for delivery in the third quarter of 2022.

View this post on Instagram about Les Belles Ann, Eiffage Construction

The “Les Belles Années” residence spans nearly 5,000 square meters and is eight stories tall. Eiffage Construction Résidentiel carried out the construction work as part of Eiffage Immobilier’s builder-developer model. The project also incorporated prefabricated modular bathrooms from HVA Concept, a brand of Eiffage Construction, aiming to reduce the carbon footprint and align with the company’s environmental goals. The residence achieved NF Habitat HQE certification at a very high performance level.

The architectural design for the Chevilly-Larue project was created by the Beal et Blanckaert agency, featuring multiple buildings surrounding a central landscaped area. Key partners in the project included Calq as the project manager, Botero as the investor, Les Belles Années with Cogess as the co-ownership syndicate, Land’Act, Qualiconsult, Venathec, BTP Consultants, and Ingérop.

Nuveen’s Investment Strategy

While details of Nuveen’s investment in the Bagnolet project were not immediately available, the company has demonstrated a broader interest in residential portfolios. In December 2024, a joint venture between Nuveen Real Estate, on behalf of its parent company TIAA, and GSA was selected following a competitive sales process for a residential portfolio. This selection indicates a strong market interest from institutional investors in student housing.

Nuveen Green Capital recently completed a $6.4 million new development project in Los Angeles, California, at 1320 W Jefferson Blvd, a 129-unit student housing development.

Eiffage Immobilier’s Focus on Student Housing

Eiffage Immobilier has been actively involved in developing university facilities, focusing on creating modern and low-carbon spaces. The company currently has three projects underway in Warsaw and Cracow, Poland, and is also collaborating on a campus for the SWPS University, a prestigious Polish university. Eiffage Immobilier emphasizes the importance of integrating greenery, sports, and recreation into its dormitory projects, aiming to create world-class university campuses.

The company’s approach to university facilities extends beyond comfortable dormitories, with a focus on designing and building comprehensive university campuses.