Novaxia has completed the acquisition of 61 rue Buzenval and is beginning construction of a new #hotel concept, the first JO&JOE #openhouse within Paris itself. Located in the heart of a young and vibrant district, this is one of 8 “Reinventing Paris” projects that have already begun work.
Its aim is to promote mixed-use urban locations in order to better respond to changing trends in #travel behavior, as well as offering public spaces open to all Parisians.
Completion expected in 2020!
Strong commitment to one of the first “Reinventing Paris” projects
“From the moment we were awarded the contract, #novaxia has been committed to working as closely as possible with local residents. Our goals for this project are to root it firmly within its economic and social environment, to open it up to local residents, to offer both private rooms and shared dormitories, creating a mixed-use building that will suit the needs of all customers in an environmentally sensitive way. Through this partnership with JO&JOE, we are providing a response to an increasingly demanding clientele that is ever more connected and loves new concepts”, said Joachim Azan, Chairman of #novaxia. |
About Novaxia
Novaxia is the leader in real estate development capital. Its business involves providing a return on investor contributions by injecting new life into outdated urban assets. With dual expertise in finance and real estate, #novaxia has developed a unique approach that combines the interests of the various parties involved in a project: investors, owners, elected representatives and local authorities, and lessors. Its objective is to ensure all stakeholders benefit from the value creation that results from recycling outdated urban assets (buildings, warehouses, wasteland) and the creation of living environments. Each project is included in a range of funds governed by the AMF and intended for private and institutional investors. Since its creation, #novaxia has distinguished itself through the completion of ground-breaking projects: first ESUS-certified fund to redeveloping a barge on the Seine into a #hotel, transformation of SNCF industrial wasteland in Alfortville into a 25,000 m² city district, development of a series of former industrial warehouses listed as historical buildings into one 4* #hotel in the heart of the Latin Quarter, etc. #novaxia has demonstrated innovation and expertise in the field of urban development, notably through its participation in the prestigious competitions “Reinventing Paris” in 2016 and “Let’s Invent Greater Paris” in 2017. #novaxia has redeveloped and built 375,000m², overseen real estate transactions worth in excess of €1.7 billion and raised more than €260 million from 10,600 investors. More information at www.novaxia.fr
About JO&JOE
Launched in September 2016 and designed to meet the expectations of Millennials and anyone who embraces their attitude to sharing, spontaneity and experience, JO&JOE is the latest #lifestyle addition to AccorHotels' Economy brand portfolio. This new #hospitality concept blends the best of #hotel, hostel and private-rental formats. JO&JOE offers a completely revisited experience in terms of design, food & beverage, #service and customer experience. The brand aims to expand rapidly in international markets. The brand has already committed to opening locations in leading European and global cities such as Rio, Budapest, London, Krakow, etc.
© Copyright 2024