Two New Prime Properties Entering The ENTR Paris Collection
Entering 2021 in a fluctuating market, ENTR faced in Q1-2021 a marked disconnect between the asking prices from sellers and our views on valuation which reflected different opinions on the impact of COVID-19.
While ENTR was mindful of the strong fundamentals of the Paris market, the team also believed that the asking prices seen in the first months of 2021 did not properly factor in the economic standstill caused by COVID-19.
By the end of Q1-2021, sellers became more receptive to revise their expectations downwards while buyers grew more discriminating and we saw a split in the market between real estate with “prime” attributes which could transact at the right price and “secondary” properties with few interested buyers.
Asset selection by ENTR in Q1-21
ENTR reviewed over 300 properties
ENTR arranged over 30 properties
ENTR extended over 15 offers
ENTR is finalizing 2 acquisitions
ENTR closing 2 properties
Since the beginning of the year, ENTR has reviewed over 300 opportunities, visited c. 30 apartments and selectively followed up with c. 15 offers. ENTR is currently finalizing the purchase of two prime properties.
The first apartment is in the 4th arrondissement in the heart of the trendy and historical district Le Marais while the second one is in the 7th arrondissement in immediate proximity to the landmark Les Invalides as shown below.
1st property in the heart of Le Marais
Hôtel de Ville
Rue des Francs-Bourgeois
Rue des Blancs- Manteaux
2nd property adjacent to Les Invalides
Rue de l'Université
ENTR is very pleased to bring these two prime properties into the ENTR Paris Collection for our investors.
ENTR provides a seamless, transparent and innovative way to access prime residential real estate in global cities
Investors with ENTR co-own a collection of carefully curated prime properties located in the most attractive cities around the globe. These assets are fully managed and optimized by ENTR to generate regular incomes and capital gain
ENTR combines rigorous selection process and technology to reinvent the real estate ownership experience in a changing world