Real estate: apartments sold on sale, only for an evening

Published on June 20, 2022 at 5:35 p.m.

Real estate: apartments sold on sale, only for one evening – © Kypros/Getty Images

The Ikory Invest company is organizing a unique event in the Fouquet’s Salons on June 22: during the Investment Evening, 52 properties can be purchased at preferential rates.

First come, first served. Ikory Invest, specializing in support for acquisitions and asset management, is organizing a new kind of evening. On June 22, the company will take over the Salons du Fouquet’s in Paris for its Investment Evening. It is “a real estate sale during which properties are offered at preferential rates, most of them from the heritage of large institutional owners”, we explain on the concept’s website.

Read also >> An urban exodus, really? Parisians prefer the suburbs to the countryside after the Covid-19

If everything is concluded during the event, the transactions are not made on a whim: the guests must have registered beforehand on the site, where the list of goods is published. Then visits are offered before the evening. When they arrive at the party, the participants are welcomed by “a business manager who […] will advise on the properties offered. Then, “to acquire one of the properties offered at the investment evening, [ils devront] sign an offer to purchase during the evening. Those who have already visited the property will have their offer accepted, while the others will have their option lifted once the visit has been made.

A studio in Cannes, a building in the Doubs, premises in Paris…

In all, 52 properties will be offered during the evening: 41 old apartments and premises, and 11 new properties. The cheapest is a room of 12 m2 in the 15th district of Paris, proposed for 116,400 euros. The most expensive is a five-storey building in Pontarlier (Doubs), the price of which is 943,800 euros. There is also an 18 m2 studio with a 2 m2 balcony in Cannes, sold for 140,000 euros, i.e. a price per square meter of 7,778 euros. A five-room apartment of 93 m2 in Chilly-Mazarin (Essonne) with a long-term lease is also offered for 125,000 euros, or 1,290 euros per square meter (for a reduction of 25%).

“These are homes that are put up for sale by institutional investors because they are isolated properties within a building. However, they prefer to manage the entire site in order to have control over the management of the co-ownership rather than keeping a few entities here and there”, explains Stéphane Imowicz, president of Ikory Invest to the “Parisien” on June 20. According to him, there are “about sixty registered” and “100 people” are expected. This experience is a first, but if it is conclusive, it could happen twice a year.

Leave a Comment