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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

Property neighborhood

Le Marais

Hôtel de Ville

BHV

Rue des Francs-Bourgeois

Rue des Blancs- Manteaux

4th arrondissement

2nd property adjacent to Les Invalides

Les Invalides

Property neighborhood

7th arrondissement

Rue de l'Université

Rue Saint-Dominique

ENTR is very pleased to bring these two prime properties into the ENTR Paris Collection for our investors.

About ENTR

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