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Acquisition & Development
Crosslane France is part of the Crosslane Group and specifically develops high quality, purpose built student housing in France. The French Crosslane team are based in France and work in close association and partnership with a variety of local architects, surveyors, agents, contractors and other service providers to bring our vision to reality.
This approach and proven methodology used in other Countries, combines the specialised knowledge and experience from across the Crosslane Group in the student housing sector, together with local skills and expertise. To increase our presence in the French market and achieve our desired scale, we are actively seeking to acquire existing buildings that can be renovated and refurbished, as well as acquiring land to develop new buildings.
Target Locations
We aspire to build a portfolio of 10,000 bedrooms in the next 5 years. Taking into consideration the demand for student housing, at globally top performing universities with high volumes of full time students
Correct site location within chosen city centres is absolutely critical to success. These must be close or next to university campuses, preferably within walking distance to provide maximum convenience to students and closer than alternatives to achieve competitors advantage. However, they can be within a short cycle ride away, since secure bicycle storage facilities are provided onsite.
The location must also be connected with a strong public transport network. It is usual for our locations to target city centres which is attractive to student leisure lifestyle, in close proximity to bars, cafes, coffee shops, restaurants and clubs as well as surrounding shops, supermarkets and other amenities, to make a handy and convenient daily regime and way of life.
Quality
Crosslane student accommodation is differentiated from competitors in the marketplace, creating a desirable environment for student living of the future, not just the present.
Crosslane skillfully design, engineer and create attractive assets in architectural appearance and style that are empathetic to local architecture and surroundings, carefully crafted to a high quality to ensure buildings retain longevity, with high interior specification for comfort and durability.
Track Record
With a completed property portfolio of €250 million in purpose-built student accommodation across Europe, Crosslane has the expertise and track record to identify, develop and manage the sustainable student accommodation solutions of the future which provide long term investment returns.
Experience
Crosslane have deep knowledge and extensive experience developing and managing student accommodation in several countries within Europe since 2008 and currently manage over 3,000 beds.
Our current development pipeline is >€415 million, an increase of 65% in 2 years, with future asset development in years 3 to 5 of a further €1.5 billion.
Our internal team of experts based in offices across Europe have been developing student accommodation for over 120 years between them and have successfully delivered >€5 billion of student accommodation assets in that time.
Knowledge
As well as identifying investment opportunities and developing high quality purpose built student housing assets, Crosslane has established Prime Student Living as a highly successful standalone European lettings & management business, which it uses to operate the majority of the portfolio of assets it develops.
Crosslane uses its knowledge and experience of the student sector combined with constant research, market assessment, evaluation and delivers high levels of customer service to achieve high occupancy and high levels of customer satisfaction within Prime Student Living to remain ahead of the competition. In doing so Crosslane generates a holistic, integrated, end-to-end, long term approach of creating a sustainable investment with maximum returns.
Specification
Crosslane aims for the mid to upper end of the market, where volume and demand is high. All apartments are finished to a high standard and designed to effectively optimise use of space. Modern, functional and practical, each apartment is tailored to the specific needs of students, fully furnished and ready to move straight in. With en-suite bathrooms, fully fitted kitchens, ¾ or double beds, 32” flat screen TV, washing machine, tumble dryer, dishwasher, study desk and plenty of storage.
In addition, shared facilities include onsite gyms, study rooms, common room and bicycle storage. A reception and concierge service is also provided with highly experienced onsite teams, along with 24 hour security and high tech swipe card access control systems.
Lifestyle
It is essential in the creation of our properties that what we offer is more than just accommodation and somewhere to live. Of course we create, safe and secure environments where residents can make friends, socialise and study in pleasurable and relaxing surroundings, with everything from landscaped exterior space to CCTV.
However we do much more than this. We aim to create and build a community, integrated into the university, where students are at ease and can socialise as well as work together and our onsite resident co-ordinator teams regularly organise social events to ensure our properties are fun places to be
