M&G acquires 173 new homes in Greater Paris

M&G Real Estate bought two newly built residential properties in Greater Paris from the French REIT Gecina for €67 million ($75 million). Together they hold 173 rental apartments. The off-market purchase was made for the M&G European Living Property Fund.

Alba Residence is in La Garenne-Colombes and Rueil Arsenal is in Rueil-Malmaison, both in Hauts-de-Seine. Woodeum, part of Cogedim, and Les Nouveaux Constructeurs finished them in 2025. It is the fund's tenth investment and its second in France. The fund now holds more than 1,700 homes across Europe.